Wisconsin Energy Corp Given Average Recommendation of “Hold” by Analysts (NYSE:WEC)
Shares of Wisconsin Energy Corp (NYSE:WEC) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the stock, Analyst Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $47.64.
Wisconsin Energy Corp (NYSE:WEC) opened at 43.41 on Tuesday. Wisconsin Energy Corp has a 52-week low of $39.52 and a 52-week high of $49.21. The stock’s 50-day moving average is $45.13 and its 200-day moving average is $45.12. The company has a market cap of $9.790 billion and a P/E ratio of 15.63.
Wisconsin Energy Corp (NYSE:WEC) last issued its earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.06. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $0.52 earnings per share. Wisconsin Energy Corp’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Wisconsin Energy Corp will post $2.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Thursday, August 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Tuesday, August 12th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Wisconsin Energy Corp in a research note on Friday, August 1st. They now have a $52.00 price target on the stock. Separately, analysts at CRT Capital reiterated a “fairly valued” rating on shares of Wisconsin Energy Corp in a research note on Monday, July 21st. They now have a $46.00 price target on the stock, up previously from $44.00. Finally, analysts at Robert W. Baird raised their price target on shares of Wisconsin Energy Corp from $47.00 to $50.00 in a research note on Wednesday, June 25th. They now have a “neutral” rating on the stock.
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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