Skip to Content

Brokerages have given WEC Energy Group, Inc. (NYSE:WEC) a consensus recommendation of “Hold.”

Brokerages have given WEC Energy Group, Inc. (NYSE:WEC) a consensus recommendation of “Hold.”

According to data from Bloomberg Ratings, the thirteen research firms presently monitoring shares of WEC Energy Group, Inc. (NYSE: WEC) have collectively assigned the stock an average rating of “Hold.” One research analyst suggests buying the stock, five other analysts suggest holding onto the stock, two analysts suggest holding onto the stock, and one analyst suggests selling the stock. The price target of $98.91 for the next 12 months, established by analysts who have offered ratings on the stock in the previous year, is the average price objective for the stock. Analysts who have offered ratings on the stock in the previous year have established this price target.
Recently, reports on WEC have been disseminated by a significant number of different brokerage firms. Guggenheim announced in a research note published on Monday, October 24, that they would lower their price target on WEC Energy Group from $104.00 to $95.00. The previous price target was $104.00. Wells Fargo & Company announced, in a research note made public on Wednesday, December 14, that they would be increasing their price target for WEC Energy Group from $100.00 to $109.00. The previous price target was $100.00. The UBS Group announced on November 21, in a research report published that same day, that they were increasing their price objective on WEC Energy Group to $103.00. Mizuho lowered its price objective for WEC Energy Group from $93.00 to $85.00 and assigned the company a “neutral” rating in a research report published on Monday, October 17. The findings of the study were published. Credit Suisse Group upgraded WEC Energy Group from a “underperform” rating to a “neutral” rating and increased their price target from $89.00 to $93.00 in a research report published on Thursday, November 3. This was the last but not the least of the company’s recent changes.
In related news, Director Glen E. Tellock purchased 1,000 shares of the corporation’s stock on Tuesday, November 8. This piece of information is relevant to the topic being discussed. The total cost of purchasing these shares was $91,390.00, derived from the weighted average price of $91.39 per share used during the transaction. The director now has direct ownership of 1,000 shares of the company’s stock, which have a combined value of $91,390 thanks to the acquisition. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. On Monday, November 28, WEC Energy Group director Ulice Payne Jr. sold 950 shares of the company’s stock. The transaction was completed. The total amount received for the sale of the shares was $92,710.50, equivalent to an average price of $97.59 per share. The director is now the owner of 21,375 company shares, which have a combined value of $2,085,986.25, as a result of the successful completion of the transaction. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. In addition, on November 8, director Glen E. Tellock bought an additional 1,000 shares of the company’s stock for his portfolio. The price of each share was determined to be $91.39, based on the total amount of $91,390.00 spent on the shares. The director now has a personal holding of 1,000 shares of the company, which have a value of $91,390 thanks to the direct result of the acquisition. You should look in this location if you are looking for the disclosure that pertains to this transaction. The corporation’s current and former employees collectively own 0.34% of the total company stock.
In the most recent few months, several institutional investors, including hedge funds, have modified the number of shares in the company they are currently holding. During the fourth quarter, Insight Wealth Strategies LLC added a new investment in WEC Energy Group at approximately 378 thousand dollars. During the last three months of 2018, Massmutual Trust Co. FSB ADV amassed a total of 556.8% more shares of WEC Energy Group than it did in the previous quarter. Following the acquisition of an additional 1,030 shares during the most recent fiscal quarter, Massmutual Trust Co. FSB ADV now holds a total of 1,215 shares of the utilities provider’s stock. Each share of this stock is currently valued at $114,000, giving the investor a total investment of $114,000. General Partner Inc.’s investment during the fourth quarter was to increase the size of its holdings in WEC Energy Group, and the amount invested was approximately $68,000. The percentage of WEC Energy Group shares owned by Trust Co. of Toledo, NA, OH, grew by 5.0 percent during the fourth quarter. The Trust Co. of Toledo, NA, OH, acquired 512 shares of the utility’s stock after purchasing an additional 256 shares during the final three months of 2018. This brings the total number of shares the company owns to 512. Currently, 5,413 of the company’s shares, worth a total of $508,000, are owned by Trust Co. of Toledo, NA, OH. Continental Investors Services Inc. purchased a new position in WEC Energy Group in the third quarter at approximately $458,000. This purchase should not be considered the least important of the three. To the tune of 74.05% of the company’s shares, institutional investors and hedge funds hold these shares in their portfolios.
NYSE: WEC began trading for $94.77 on Friday when the market opened. The low point for WEC Energy Group over the past year is $80.82, and the high point for the company over the past year is $108.39. The company’s market capitalization is $29.89 billion, its price-to-earnings ratio (P/E) is 21.69, its price-to-earnings-to-growth ratio (P/E/G) is 3.26, and its beta value is 0.38. These metrics indicate that the company is trading at a relatively high valuation. The current ratio is 0.82, the quick ratio is 0.55, and the debt-to-equity ratio is 1.29. All three ratios are fairly close to one another. There is not much of a difference between any of the three ratios. The company’s simple moving average over the past 50 days comes in at $94.80, and the simple moving average over the past 200 days comes in at $97.29.
On November 1 of this year, WEC Energy Group (NYSE: WEC) released its most recent quarterly earnings report. The report was for the period ending September 30. The utility company reported earnings per share (EPS) for the quarter of $0.96, which was $0.10 higher than the estimate taken into account by most industry analysts. WEC Energy Group had a return on equity of 12.13 percent, and the net margin for the company was 14.94 percent. The actual revenue for the quarter was $2 billion, which was significantly higher than the consensus’s prediction of $1.83 billion. The equity research analysts anticipate that WEC Energy Group will generate earnings of 4.4 cents per share this year.
In addition, the corporation has declared a quarterly dividend, which will be dispersed on March 1 of this year. Those stockholders recognized as owning the company as of February 14 will be eligible to receive the dividend payment of $0.78. This results in an annual dividend payment of $3.12 and a dividend yield of 3.29% when calculated annually. February 13, which is a Monday, is the date that will determine whether or not a dividend will be withheld from an investor’s payment. The WEC Energy Group has increased the number of dividends it distributes every quarter, which now comes to $0.73 per share. Currently, 66.59% of WEC Energy Group’s profits are distributed to shareholders.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *