Headlines about WEC Energy Group (NYSE:WEC) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEC Energy Group earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 79 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Denver Investment Advisors LLC (eleganthomesinla.com)
- Girl Scouts celebration raises more than $300,000, honors four leaders: Slideshow (bizjournals.com)
- Elm Road Generating Station Supercritical — Moody’s downgrades WEPCO, Wisconsin Gas and WPS to A2 from A1, stable outlook; changes outlooks of WEC and Integrys to negative (finance.yahoo.com)
- ETFs with exposure to WEC Energy Group, Inc. : July 3, 2017 (finance.yahoo.com)
WEC has been the topic of a number of research reports. Barclays PLC reissued an “equal weight” rating and issued a $68.00 target price (up previously from $61.00) on shares of WEC Energy Group in a research note on Sunday, April 23rd. Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 23rd. Deutsche Bank AG raised their target price on shares of WEC Energy Group from $60.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. BidaskClub downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $58.00 target price (down previously from $59.00) on shares of WEC Energy Group in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. WEC Energy Group presently has an average rating of “Hold” and an average target price of $63.75.
Shares of WEC Energy Group (WEC) opened at 60.92 on Monday. The company’s 50-day moving average is $62.59 and its 200 day moving average is $60.14. The stock has a market cap of $19.23 billion, a P/E ratio of 20.37 and a beta of 0.11. WEC Energy Group has a 1-year low of $53.66 and a 1-year high of $65.63.
WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.06. WEC Energy Group had a net margin of 12.54% and a return on equity of 10.65%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the company earned $1.09 earnings per share. WEC Energy Group’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts anticipate that WEC Energy Group will post $3.10 EPS for the current year.
In other news, Director Gale E. Klappa sold 100,610 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $61.67, for a total value of $6,204,618.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James A. Schubilske sold 4,260 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $61.56, for a total transaction of $262,245.60. Following the completion of the sale, the vice president now owns 8,513 shares of the company’s stock, valued at $524,060.28. The disclosure for this sale can be found here. Insiders sold 128,275 shares of company stock valued at $7,920,155 over the last 90 days. 0.97% of the stock is owned by corporate insiders.
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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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