Wisconsin Energy Corp. Plans Quarterly Dividend of $0.38 (WEC)
Wisconsin Energy Corp. (NYSE:WEC) declared a quarterly dividend on Thursday, October 17th, AnalystRatingsNetwork reports. Shareholders of record on Thursday, November 14th will be given a dividend of $0.3825 per share on Sunday, December 1st. This represents a $1.53 dividend on an annualized basis and a yield of 3.74%.
A number of research firms have recently commented on WEC. Analysts at Zacks reiterated a “neutral” rating on shares of Wisconsin Energy Corp. in a research note to investors on Monday, September 30th. They now have a $42.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $44.67.
Shares of Wisconsin Energy Corp. (NYSE:WEC) traded up 1.88% during mid-day trading on Thursday, hitting $41.68. The stock had a trading volume of 872,171 shares. Wisconsin Energy Corp. has a one year low of $36.01 and a one year high of $45.00. The stock’s 50-day moving average is $40.4 and its 200-day moving average is $41.90. The company has a market cap of $9.489 billion and a P/E ratio of 17.20.
Wisconsin Energy Corp. (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.06. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $958.21 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Wisconsin Energy Corp. will post $2.45 earnings per share for the current fiscal year.
Wisconsin Energy Corporation is a diversified holding company. The Company operates primarily through two segments: a utility energy segment and a non-utility energy segment.
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