Media stories about WEC Energy Group (NYSE:WEC) have trended positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WEC Energy Group earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 44.8902304363529 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Utilities Stock in the Spotlight: WEC Energy Group, Inc. (WEC) (stocksgeeks.com)
- Green Bay Peregrine Falcons Will Soon Need New Home (wpr.org)
- Zacks: Analysts Expect WEC Energy Group Inc (WEC) to Post $1.16 Earnings Per Share (americanbankingnews.com)
- WEC Energy Group (WEC) Receives Buy Rating from Guggenheim (americanbankingnews.com)
- Big Polluters Are Big Campaign Donors (urbanmilwaukee.com)
WEC traded up $0.42 during trading on Friday, reaching $62.70. 1,588,096 shares of the company were exchanged, compared to its average volume of 1,954,921. The stock has a market capitalization of $19,784.67, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 4.50 and a beta of 0.12. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.57. WEC Energy Group has a 12-month low of $58.92 and a 12-month high of $70.09.
Several research analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on WEC Energy Group in a research note on Thursday, December 7th. They set a “neutral” rating and a $70.00 price target for the company. Guggenheim reiterated a “buy” rating and set a $73.00 price target on shares of WEC Energy Group in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo cut their price target on WEC Energy Group from $73.00 to $71.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Finally, UBS assumed coverage on WEC Energy Group in a research note on Friday, February 2nd. They set a “neutral” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $66.00.
In related news, Director Barbara L. Bowles sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.19, for a total transaction of $120,380.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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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