Equities research analysts at Credit Suisse Group started coverage on shares of WEC Energy Group (NYSE:WEC) in a research report issued on Thursday, Marketbeat.com reports. The firm set a “neutral” rating and a $70.00 price target on the utilities provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 1.86% from the company’s previous close.

A number of other research firms have also recently issued reports on WEC. KeyCorp restated a “hold” rating on shares of WEC Energy Group in a report on Friday, September 1st. Bank of America upped their price target on shares of WEC Energy Group from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. BidaskClub raised shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.00.

WEC Energy Group (NYSE WEC) traded up $0.30 during mid-day trading on Thursday, reaching $68.72. 1,293,196 shares of the company’s stock were exchanged, compared to its average volume of 1,642,265. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.38. WEC Energy Group has a one year low of $55.65 and a one year high of $70.09. The company has a market capitalization of $21,534.88, a PE ratio of 22.45, a price-to-earnings-growth ratio of 4.14 and a beta of 0.15.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. WEC Energy Group had a net margin of 12.79% and a return on equity of 10.62%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. equities analysts forecast that WEC Energy Group will post 3.09 earnings per share for the current fiscal year.

In related news, VP Scott J. Lauber sold 1,240 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.00, for a total value of $86,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gale E. Klappa sold 52,722 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total transaction of $3,658,906.80. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of WEC. Sei Investments Co. raised its position in WEC Energy Group by 14.3% in the second quarter. Sei Investments Co. now owns 181,519 shares of the utilities provider’s stock worth $11,141,000 after purchasing an additional 22,664 shares in the last quarter. Retirement Systems of Alabama raised its position in WEC Energy Group by 0.3% in the second quarter. Retirement Systems of Alabama now owns 153,011 shares of the utilities provider’s stock worth $9,392,000 after purchasing an additional 463 shares in the last quarter. Advisor Partners LLC raised its position in WEC Energy Group by 4.0% in the second quarter. Advisor Partners LLC now owns 6,976 shares of the utilities provider’s stock worth $428,000 after purchasing an additional 271 shares in the last quarter. HL Financial Services LLC raised its position in WEC Energy Group by 15.4% in the second quarter. HL Financial Services LLC now owns 12,564 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 1,676 shares in the last quarter. Finally, Morse Asset Management Inc raised its position in WEC Energy Group by 50.0% in the second quarter. Morse Asset Management Inc now owns 6,300 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 2,100 shares in the last quarter. 72.60% of the stock is owned by hedge funds and other institutional investors.

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WEC Energy Group Company Profile

WEC Energy Group, Inc was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other.

Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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