WEC Energy Group (WEC) Receives Daily News Sentiment Score of 0.33

Media coverage about WEC Energy Group (NYSE:WEC) has trended positive on Friday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WEC Energy Group earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 45.6767950172169 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Several research firms recently issued reports on WEC. Credit Suisse Group began coverage on WEC Energy Group in a report on Thursday, December 7th. They set a “neutral” rating and a $70.00 price target for the company. Zacks Investment Research upgraded WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Friday, October 27th. Bank of America began coverage on WEC Energy Group in a report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 price target for the company. Finally, KeyCorp restated a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $66.00.

Shares of WEC Energy Group (NYSE WEC) traded up $0.55 during trading on Friday, hitting $66.43. The stock had a trading volume of 1,163,400 shares, compared to its average volume of 1,648,044. The stock has a market cap of $20,790.12, a PE ratio of 21.85, a price-to-earnings-growth ratio of 3.91 and a beta of 0.15. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96. WEC Energy Group has a 12-month low of $56.05 and a 12-month high of $70.09.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. WEC Energy Group had a return on equity of 10.62% and a net margin of 12.79%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. equities analysts expect that WEC Energy Group will post 3.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a $0.5525 dividend. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, February 13th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.33%. WEC Energy Group’s payout ratio is 68.42%.

In related news, Chairman Gale E. Klappa sold 52,722 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total transaction of $3,658,906.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Scott J. Lauber sold 1,240 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total value of $86,800.00. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.

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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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