WEC Energy Group (WEC) Getting Favorable Press Coverage, Accern Reports
Press coverage about WEC Energy Group (NYSE:WEC) has been trending positive on Monday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. WEC Energy Group earned a news impact score of 0.36 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 47.3100676375732 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- WEC Energy Group, Inc. (WEC) Ex-Dividend Date Scheduled for February (nasdaq.com)
- Financial Survey: WEC Energy Group (WEC) versus Southern (SO) (americanbankingnews.com)
- EX-Dividend Schedule: WEC Energy Dividend by 6.5%; Will Trade Ex-Dividend on February 13, 2018 (finance.yahoo.com)
- Hot Stock That Must Be in Your Portfolio – WEC Energy Group Inc (NYSE: WEC) – Alpha Beta Stock (alphabetastock.com)
- Why this stock is less risky?: WEC Energy Group, Inc. (WEC) – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of research firms recently weighed in on WEC. UBS Group began coverage on shares of WEC Energy Group in a research report on Friday, February 2nd. They issued a “neutral” rating and a $65.00 price objective on the stock. Wells Fargo & Co lowered their price objective on shares of WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of WEC Energy Group in a research report on Wednesday, January 3rd. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research report on Friday, October 20th. Finally, Bank of America began coverage on shares of WEC Energy Group in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.40.
WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, January 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.68 by $0.03. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.94 billion. WEC Energy Group had a net margin of 15.75% and a return on equity of 10.81%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. equities research analysts forecast that WEC Energy Group will post 3.3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.5525 per share. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.52. This represents a $2.21 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Tuesday, February 13th. WEC Energy Group’s payout ratio is presently 54.88%.
In other WEC Energy Group news, Chairman Gale E. Klappa sold 52,722 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $69.40, for a total transaction of $3,658,906.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Scott J. Lauber sold 1,240 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total transaction of $86,800.00. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.
About WEC Energy Group
WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.
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