WEC Energy Group Inc (WEC) Given Average Recommendation of “Hold” by Brokerages
WEC Energy Group Inc (NYSE:WEC) has received an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $74.09.
A number of research analysts have commented on the company. Wolfe Research set a $77.00 price target on WEC Energy Group and gave the stock a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Goldman Sachs Group cut WEC Energy Group from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $71.00 to $70.00 in a research note on Monday, April 8th. Argus upped their price target on WEC Energy Group to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Credit Suisse Group upped their price target on WEC Energy Group from $71.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th.
In other news, Director Barbara L. Bowles sold 2,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $78.35, for a total value of $156,700.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gale E. Klappa sold 61,350 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $81.30, for a total value of $4,987,755.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 282,622 shares of company stock worth $22,903,752. Insiders own 0.75% of the company’s stock.
Shares of WEC Energy Group stock opened at $82.23 on Friday. The company has a market capitalization of $25.51 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 5.04 and a beta of 0.16. WEC Energy Group has a fifty-two week low of $58.48 and a fifty-two week high of $82.28. The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 1.02.
WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts predict that WEC Energy Group will post 3.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Monday, May 13th. WEC Energy Group’s payout ratio is currently 70.66%.
About WEC Energy Group
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.
Recommended Story: Dollar Cost Averaging
Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.