Wisconsin Energy Corp. Lowered to Equal Weight at Barclays (WEC)
Wisconsin Energy Corp. (NYSE:WEC) was downgraded by investment analysts at Barclays to an “equal weight” rating in a note issued to investors on Monday, AmericanBankingNews.com reports.
Wisconsin Energy Corp. (NYSE:WEC) opened at 40.68 on Monday. Wisconsin Energy Corp. has a one year low of $37.03 and a one year high of $45.00. The stock’s 50-day moving average is $41.43 and its 200-day moving average is $41.47. The company has a market cap of $9.215 billion and a P/E ratio of 17.65.
Wisconsin Energy Corp. (NYSE:WEC) last released its earnings data on Wednesday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.67 earnings per share. Wisconsin Energy Corp.’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Wisconsin Energy Corp. will post $2.46 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WEC. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Wisconsin Energy Corp. in a research note to investors on Wednesday, December 11th. They now have a $43.00 price target on the stock, up previously from $42.00. Separately, analysts at CRT Capital initiated coverage on shares of Wisconsin Energy Corp. in a research note to investors on Tuesday, November 5th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Wisconsin Energy Corp. in a research note to investors on Thursday, October 31st. They now have a $44.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.44.
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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