WEC Energy Group (WEC) Receiving Favorable News Coverage, Analysis Finds

Press coverage about WEC Energy Group (NYSE:WEC) has trended positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEC Energy Group earned a news sentiment score of 0.38 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.4789664988364 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

WEC has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $58.00 price objective (down from $59.00) on shares of WEC Energy Group in a report on Monday, June 26th. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Barclays PLC restated an “equal weight” rating and issued a $68.00 price objective (up from $61.00) on shares of WEC Energy Group in a report on Sunday, April 23rd. Wolfe Research restated a “peer perform” rating on shares of WEC Energy Group in a report on Monday, April 24th. Finally, BidaskClub lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.86.

Shares of WEC Energy Group (NYSE WEC) opened at 63.84 on Friday. The stock has a market capitalization of $20.15 billion, a P/E ratio of 20.93 and a beta of 0.11. WEC Energy Group has a 52 week low of $53.66 and a 52 week high of $64.94. The company’s 50-day moving average is $62.52 and its 200 day moving average is $60.98.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. WEC Energy Group’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share. On average, equities analysts forecast that WEC Energy Group will post $3.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 3.26%. WEC Energy Group’s dividend payout ratio (DPR) is 68.42%.

In other news, VP Susan H. Martin sold 15,470 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $62.50, for a total transaction of $966,875.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.97% 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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