Mizuho upgraded shares of WEC Energy Group (NYSE:WEC – Get Rating) from a neutral rating to a buy rating in a research report released on Thursday morning, The Fly reports. They currently have $98.00 price target on the utilities provider’s stock.
Other analysts have also recently issued research reports about the stock. 888 reissued a maintains rating on shares of WEC Energy Group in a research note on Wednesday, May 3rd. Wells Fargo & Company reduced their price objective on shares of WEC Energy Group from $109.00 to $106.00 and set an overweight rating on the stock in a research note on Friday, February 3rd. Bank of America reduced their price objective on shares of WEC Energy Group from $106.00 to $103.00 in a research note on Wednesday, May 3rd. StockNews.com assumed coverage on shares of WEC Energy Group in a research note on Thursday. They issued a sell rating on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of WEC Energy Group from $99.00 to $105.00 and gave the company a neutral rating in a research report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of Hold and a consensus price target of $100.10.
WEC Energy Group Stock Up 0.6 %
NYSE WEC opened at $89.92 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.61 and a debt-to-equity ratio of 1.32. WEC Energy Group has a 1-year low of $80.82 and a 1-year high of $108.39. The company has a 50 day moving average of $94.79 and a 200-day moving average of $94.07. The company has a market cap of $28.36 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 3.37 and a beta of 0.40.
WEC Energy Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 12th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $3.12 dividend on an annualized basis and a yield of 3.47%. WEC Energy Group’s dividend payout ratio (DPR) is currently 72.90%.
In other news, Director Ulice Payne, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $94.36, for a total transaction of $141,540.00. Following the transaction, the director now owns 21,503 shares in the company, valued at $2,029,023.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.
Hedge Funds Weigh In On WEC Energy Group
Institutional investors have recently made changes to their positions in the stock. Quilter Plc acquired a new position in shares of WEC Energy Group during the first quarter valued at about $234,348,000. Graham Capital Wealth Management LLC acquired a new stake in shares of WEC Energy Group in the 1st quarter worth about $243,610,000. Achmea Investment Management B.V. acquired a new stake in shares of WEC Energy Group in the 1st quarter worth about $27,000. Glassy Mountain Advisors Inc. acquired a new stake in shares of WEC Energy Group in the 4th quarter worth about $26,000. Finally, Asset Dedication LLC acquired a new stake in shares of WEC Energy Group in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 74.05% of the company’s stock.
WEC Energy Group Company Profile
WEC Energy Group, Inc is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations.
- Get a free copy of the StockNews.com research report on WEC Energy Group (WEC)
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