WEC Energy Group (NYSE:WEC) Given Media Impact Rating of 0.29
News stories about WEC Energy Group (NYSE:WEC) have trended positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. 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 coverage optimism score of 0.29 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 79 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Market Focus on Shares of WEC Energy Group Inc (WEC) – Berry Recorder (berryrecorder.com)
- WEC Energy Group, Inc. – Value Analysis (NYSE:WEC) : August 4, 2017 (finance.yahoo.com)
- Stocks Under Scanner in the Electric Utilities Space — WEC Energy, Xcel Energy, Alliant Energy, and Pinnacle West … – Markets Insider (markets.businessinsider.com)
- WEC Energy Group, Inc. (WEC) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- WEC Energy Group Inc (WEC) Moves 0.64% – Wall Street Review (thewallstreetreview.com)
Shares of WEC Energy Group (WEC) traded down 0.03% during mid-day trading on Friday, hitting $64.09. The stock had a trading volume of 1,128,982 shares. The stock has a market cap of $20.23 billion, a P/E ratio of 21.01 and a beta of 0.11. WEC Energy Group has a 52 week low of $53.66 and a 52 week high of $64.65. The stock has a 50-day moving average price of $62.43 and a 200 day moving average price of $60.72.
WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. On average, equities analysts forecast that WEC Energy Group will post $3.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, August 10th. WEC Energy Group’s dividend payout ratio is 68.42%.
WEC has been the subject of several analyst reports. Barclays PLC reaffirmed an “equal weight” rating and set a $68.00 price objective (up from $61.00) on shares of WEC Energy Group in a research report on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $58.00 price objective (down from $59.00) on shares of WEC Energy Group in a research note on Monday, June 26th. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. BidaskClub cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Deutsche Bank AG increased their target price on WEC Energy Group from $60.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $62.86.
In other news, VP Tom Metcalfe sold 7,935 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $61.30, for a total transaction of $486,415.50. Following the completion of the transaction, the vice president now owns 13,994 shares of the company’s stock, valued at $857,832.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Susan H. Martin sold 15,470 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $62.50, for a total transaction of $966,875.00. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.
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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