Shares of WEC Energy Group Inc (NYSE:WEC) have earned an average rating of “Hold” from the fourteen research firms that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $68.78.
Several analysts recently issued reports on WEC shares. Bank of America upgraded shares of WEC Energy Group from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st. Barclays started coverage on shares of WEC Energy Group in a research report on Tuesday, July 10th. They set an “equal weight” rating and a $71.00 target price for the company. Zacks Investment Research lowered shares of WEC Energy Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, Citigroup boosted their target price on shares of WEC Energy Group from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Tuesday, July 10th.
In other WEC Energy Group news, insider Frederick D. Kuester sold 168,790 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $66.94, for a total value of $11,298,802.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara L. Bowles sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $66.45, for a total transaction of $166,125.00. The disclosure for this sale can be found here. Corporate insiders own 0.97% of the company’s stock.
Shares of WEC traded up $0.09 during mid-day trading on Friday, hitting $67.24. 3,367,021 shares of the company traded hands, compared to its average volume of 1,439,162. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.95. WEC Energy Group has a 1 year low of $58.48 and a 1 year high of $70.09. The stock has a market capitalization of $21.22 billion and a price-to-earnings ratio of 20.07.
WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, July 31st. The utilities provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.57 billion. WEC Energy Group had a net margin of 16.56% and a return on equity of 11.18%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. analysts expect that WEC Energy Group will post 3.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Tuesday, August 14th were given a $0.5525 dividend. The ex-dividend date was Monday, August 13th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.29%. WEC Energy Group’s payout ratio is currently 70.38%.
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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