WEC Energy Group Inc (NYSE:WEC) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $70.20.
Several brokerages have weighed in on WEC. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Wednesday, October 17th. Wolfe Research downgraded WEC Energy Group from a “market perform” rating to a “sell” rating in a report on Friday, October 26th. ValuEngine downgraded WEC Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Bank of America downgraded WEC Energy Group from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. They noted that the move was a valuation call. Finally, Deutsche Bank increased their price objective on WEC Energy Group from $67.00 to $68.00 and gave the company a “hold” rating in a report on Wednesday, August 1st.
NYSE WEC traded up $0.91 during trading hours on Monday, hitting $70.00. 2,026,601 shares of the company were exchanged, compared to its average volume of 2,654,879. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.34. WEC Energy Group has a 52-week low of $58.48 and a 52-week high of $72.09. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 4.71 and a beta of -0.03.
WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. WEC Energy Group had a return on equity of 11.18% and a net margin of 16.82%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business earned $0.68 EPS. WEC Energy Group’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that WEC Energy Group will post 3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 14th will be given a $0.5525 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.16%. WEC Energy Group’s dividend payout ratio (DPR) is presently 70.38%.
Several hedge funds and other institutional investors have recently made changes to their positions in WEC. St. Johns Investment Management Company LLC boosted its position in shares of WEC Energy Group by 100.0% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,600 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 800 shares during the period. Braun Bostich & Associates Inc. boosted its position in shares of WEC Energy Group by 1,300.0% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,764 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 1,638 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $141,000. Bridgeworth LLC acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $156,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $164,000. 73.55% of the stock is owned by hedge funds and other institutional investors.
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.
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