Press coverage about WEC Energy Group (NYSE:WEC) has been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. WEC Energy Group earned a media sentiment score of 0.35 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.5193701795084 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- WEC Energy Group, Inc. (WEC) Expected to Announce Earnings of $0.67 Per Share (americanbankingnews.com)
- BRIEF-Wartsila secures U.S. power plant supply order (reuters.com)
- BRIEF-Wartsila secures US power plant supply order – Reuters (reuters.com)
- Wiggling Stocks: GGP Inc., (NYSE: GGP), WEC Energy Group, Inc., (NYSE: WEC), Express Scripts Holding Company … – Stocks In The News (press release) (tradingnewsnow.com)
- WEC Energy Earns Technical Rating Upgrade (finance.yahoo.com)
A number of equities analysts have recently issued reports on WEC shares. Zacks Investment Research raised WEC Energy Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Friday, October 27th. BidaskClub raised WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. KeyCorp reissued a “hold” rating on shares of WEC Energy Group in a research report on Friday, October 20th. Finally, Bank of America Corporation started coverage on WEC Energy Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $67.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.86.
Shares of WEC Energy Group (WEC) traded up $0.95 during midday trading on Tuesday, hitting $68.35. The company had a trading volume of 1,783,000 shares, compared to its average volume of 1,649,181. The company has a quick ratio of 0.38, a current ratio of 0.60 and a debt-to-equity ratio of 0.96. The stock has a market cap of $21,433.90, a PE ratio of 22.34, a P/E/G ratio of 4.27 and a beta of 0.14. WEC Energy Group has a 1 year low of $54.24 and a 1 year high of $68.67.
WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. analysts predict that WEC Energy Group will post 3.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Monday, November 13th. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.42%.
In related news, VP Scott J. Lauber sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 32,148 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $64.77, for a total value of $2,082,225.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,190 shares of company stock valued at $11,791,084. Company insiders own 0.97% of the company’s stock.
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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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