WEC Energy Group (NYSE:WEC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.48-3.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.51. WEC Energy Group also updated its FY19 guidance to $3.48 to $3.52 EPS.
Several research firms recently issued reports on WEC. Zacks Investment Research raised shares of WEC Energy Group from a sell rating to a hold rating in a report on Saturday. Argus upped their price target on shares of WEC Energy Group from $75.00 to $81.00 and gave the company a buy rating in a report on Thursday, December 6th. ValuEngine raised shares of WEC Energy Group from a hold rating to a buy rating in a report on Monday, November 12th. Barclays upped their price target on shares of WEC Energy Group from $71.00 to $73.00 and gave the company a hold rating in a report on Monday, November 19th. Finally, Bank of America cut shares of 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $72.00.
WEC traded down $1.00 during trading on Wednesday, hitting $74.04. The company had a trading volume of 8,433 shares, compared to its average volume of 1,655,472. The stock has a market capitalization of $23.68 billion, a PE ratio of 23.61, a P/E/G ratio of 4.89 and a beta of 0.15. 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 1-year low of $58.48 and a 1-year high of $75.61.
In other WEC Energy Group news, insider Joseph Kevin Fletcher sold 72,455 shares of the stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $70.65, for a total transaction of $5,118,945.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Gale E. Klappa sold 146,618 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $71.68, for a total transaction of $10,509,578.24. The disclosure for this sale can be found here. Insiders have sold 319,073 shares of company stock worth $22,864,524 over the last three months. 0.94% of the stock is owned by corporate insiders.
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WEC Energy Group Company Profile
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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