WEC Energy Group (WEC) Given News Impact Rating of 0.38
Media coverage about WEC Energy Group (NYSE:WEC) has been trending positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEC Energy Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.5160388479136 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Unusual Activity Spotted in WEC Energy Group Inc (WEC) and Extraction Oil & Gas Inc (XOG) – FLBC News (flbcnews.com)
- WEC Energy Group Inc (WEC) Seeing Increased Volatility in Session – Evergreen Caller (evergreencaller.com)
- Why Is WEC Energy (WEC) Up 4.4% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
- WEC Energy Group, Inc. (WEC) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
Several equities analysts recently weighed in on the company. BidaskClub upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Ladenburg Thalmann Financial Services increased their target price on WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $58.00 target price (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $62.86.
Shares of WEC Energy Group (WEC) opened at 65.11 on Thursday. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 21.35 and a beta of 0.11. The firm’s 50-day moving average price is $63.25 and its 200 day moving average price is $61.46. WEC Energy Group has a 52 week low of $53.66 and a 52 week high of $65.46.
WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $0.57 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts anticipate that WEC Energy Group will post $3.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.19%. WEC Energy Group’s dividend payout ratio is 68.42%.
In related news, Director Gale E. Klappa sold 10,410 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.03, for a total value of $676,962.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Tom Metcalfe sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $64.44, for a total transaction of $644,400.00. Following the completion of the sale, the vice president now owns 16,059 shares of the company’s stock, valued at $1,034,841.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,190 shares of company stock valued at $11,445,484. Company 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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