WEC Energy Group (WEC) Getting Favorable Media Coverage, Analysis Finds

Press coverage about WEC Energy Group (NYSE:WEC) has been trending positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. WEC Energy Group earned a coverage optimism score of 0.38 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.9744313917253 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several research analysts have recently weighed in on WEC shares. Bank of America increased their price target on WEC Energy Group from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research note on Friday, October 20th. Finally, BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $65.43.

WEC Energy Group (NYSE:WEC) traded down $0.34 during mid-day trading on Tuesday, hitting $68.24. The stock had a trading volume of 1,811,638 shares, compared to its average volume of 1,645,750. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38. The company has a market cap of $21,510.00, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 4.19 and a beta of 0.15. WEC Energy Group has a 12 month low of $55.36 and a 12 month high of $70.09.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. analysts predict that WEC Energy Group will post 3.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $2.08 annualized dividend and a yield of 3.05%. WEC Energy Group’s dividend payout ratio is currently 68.42%.

In other WEC Energy Group news, Chairman Gale E. Klappa sold 52,722 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total value of $3,658,906.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Susan H. Martin sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $66.00, for a total value of $990,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,962 shares of company stock valued at $4,735,707. 0.97% of the stock is owned by corporate insiders.

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WEC Energy Group Company Profile

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.

Insider Buying and Selling by Quarter for WEC Energy Group (NYSE:WEC)

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