News stories about WEC Energy Group (NYSE:WEC) have trended positive recently, according to Accern Sentiment. The research firm scores the sentiment of media 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 sentiment score of 0.39 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.3580872799053 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern’s analysis:

Several analysts recently issued reports on the company. Zacks Investment Research downgraded WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Deutsche Bank lifted their target price on WEC Energy Group from $67.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Goldman Sachs Group raised WEC Energy Group from a “sell” rating to a “neutral” rating in a research note on Thursday, July 19th. Citigroup lifted their target price on WEC Energy Group from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Tuesday, July 10th. Finally, Barclays assumed coverage on WEC Energy Group in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $71.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Shares of WEC opened at $68.26 on Friday. The company has a market cap of $21.19 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 4.90 and a beta of 0.05. WEC Energy Group has a 12-month low of $58.48 and a 12-month high of $70.09. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.44 and a current ratio of 0.59.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Tuesday, July 31st. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.57 billion. WEC Energy Group had a return on equity of 11.18% and a net margin of 16.56%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. equities analysts expect that WEC Energy Group will post 3.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Tuesday, August 14th will be paid a dividend of $0.5525 per share. This represents a $2.21 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Monday, August 13th. WEC Energy Group’s dividend payout ratio (DPR) is presently 70.38%.

In other WEC Energy Group news, insider Frederick D. Kuester sold 168,790 shares of WEC Energy Group stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $66.94, for a total value of $11,298,802.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara L. Bowles sold 2,500 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $66.45, for a total value of $166,125.00. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by company insiders.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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