Shares of WEC Energy Group, Inc. (NYSE:WEC) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $65.43.
Several research analysts recently issued reports on WEC shares. BidaskClub lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. KeyCorp restated a “hold” rating on shares of WEC Energy Group in a research report on Friday, September 1st. Finally, Bank of America Corporation started coverage on shares of WEC Energy Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 price target for the company.
WEC Energy Group (WEC) opened at $68.19 on Monday. WEC Energy Group has a 1-year low of $54.96 and a 1-year high of $70.09. The firm has a market cap of $21,520.00, a price-to-earnings ratio of 22.43, a PEG ratio of 4.13 and a beta of 0.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38.
WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. research analysts expect that WEC Energy Group will post 3.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, November 13th. WEC Energy Group’s dividend payout ratio is 68.42%.
In other news, Chairman Gale E. Klappa sold 52,722 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott J. Lauber sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $65.00, for a total transaction of $97,500.00. The disclosure for this sale can be found here. Insiders have sold 93,504 shares of company stock valued at $6,331,754 in the last ninety days. Insiders own 0.97% of the company’s stock.
Several large investors have recently bought and sold shares of WEC. Oakworth Capital Inc. grew its holdings in shares of WEC Energy Group by 8.8% during the second quarter. Oakworth Capital Inc. now owns 1,632 shares of the utilities provider’s stock valued at $100,000 after buying an additional 132 shares during the last quarter. Cable Hill Partners LLC grew its holdings in shares of WEC Energy Group by 3,307.8% during the third quarter. Cable Hill Partners LLC now owns 1,738 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,687 shares during the last quarter. Delphi Private Advisors LLC grew its holdings in shares of WEC Energy Group by 182.3% during the second quarter. Delphi Private Advisors LLC now owns 1,976 shares of the utilities provider’s stock valued at $120,000 after buying an additional 1,276 shares during the last quarter. Country Trust Bank grew its holdings in shares of WEC Energy Group by 5.7% during the second quarter. Country Trust Bank now owns 2,066 shares of the utilities provider’s stock valued at $127,000 after buying an additional 112 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of WEC Energy Group during the second quarter valued at approximately $132,000. Hedge funds and other institutional investors own 71.09% of the company’s stock.
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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.
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