WEC Energy Group (WEC) Earning Positive News Coverage, Analysis Shows
News coverage about WEC Energy Group (NYSE:WEC) has trended positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WEC Energy Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.3000664681158 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- WEC Energy Group Inc (WEC) Stake Boosted by W. E. Donoghue & Co. LLC (americanbankingnews.com)
- WEC Energy Group Inc (WEC) Position Increased by Amalgamated Bank (americanbankingnews.com)
- Seducing Stocks: Viacom, Inc., (NASDAQ: VIAB), WEC Energy Group, Inc., (NYSE: WEC); – TNN (tradingnewsnow.com)
- WEC Energy (WEC) Down 4.7% Since Earnings Report: Can It Rebound? – Nasdaq (nasdaq.com)
A number of equities research analysts have issued reports on WEC shares. Guggenheim restated a “buy” rating and set a $66.00 price target on shares of WEC Energy Group in a research note on Friday, February 23rd. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Saturday, January 6th. Wells Fargo & Co cut their price target on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Credit Suisse Group restated a “neutral” rating and set a $63.00 price target (down from $65.00) on shares of WEC Energy Group in a research note on Friday, February 23rd. Finally, UBS Group started coverage on WEC Energy Group in a research note on Friday, February 2nd. They set a “neutral” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. WEC Energy Group currently has a consensus rating of “Hold” and a consensus price target of $66.00.
WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. WEC Energy Group had a return on equity of 10.81% and a net margin of 15.75%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. equities analysts forecast that WEC Energy Group will post 3.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th were given a dividend of $0.5525 per share. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.52. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Tuesday, February 13th. WEC Energy Group’s payout ratio is presently 70.38%.
In other news, Director Barbara L. Bowles sold 2,000 shares of WEC Energy Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.19, for a total transaction of $120,380.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is owned by insiders.
About WEC Energy Group
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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