Wisconsin Energy Corp. Plans Quarterly Dividend of $0.39 (WEC)
Wisconsin Energy Corp. (NYSE:WEC) announced a quarterly dividend on Thursday, January 16th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.39 per share on Saturday, March 1st. This represents a $1.56 annualized dividend and a dividend yield of 3.81%.
WEC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Wisconsin Energy Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $49.00 price target on the stock. On the ratings front, analysts at Barclays downgraded shares of Wisconsin Energy Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, January 6th. They now have a $42.00 price target on the stock, down previously from $46.00. Finally, 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. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Wisconsin Energy Corp. presently has an average rating of “Hold” and a consensus target price of $44.70.
Shares of Wisconsin Energy Corp. (NYSE:WEC) traded up 0.15% during mid-day trading on Thursday, hitting $40.96. 1,153,721 shares of the company’s stock traded hands. Wisconsin Energy Corp. has a 52-week low of $37.75 and a 52-week high of $45.00. The stock’s 50-day moving average is $41. and its 200-day moving average is $41.51. The company has a market cap of $9.278 billion and a price-to-earnings ratio of 17.72.
Wisconsin Energy Corp. (NYSE:WEC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Wisconsin Energy Corp. will post $2.46 EPS 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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