Shares of WEC Energy Group Inc (NYSE:WEC) have been assigned an average rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $66.00.

A number of equities analysts recently issued reports on the company. Credit Suisse Group assumed coverage on WEC Energy Group in a report on Thursday, December 7th. They issued a “neutral” rating and a $70.00 target price on the stock. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub upgraded WEC Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Bank of America assumed coverage on WEC Energy Group in a report on Tuesday, October 24th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a report on Friday, October 20th.

Shares of WEC Energy Group (WEC) traded down $0.21 during mid-day trading on Friday, hitting $67.70. 1,070,100 shares of the stock traded hands, compared to its average volume of 1,647,236. The firm has a market cap of $21,430.74, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 4.03 and a beta of 0.15. WEC Energy Group has a one year low of $56.05 and a one year high of $70.09. The company has a current ratio of 0.60, a quick ratio of 0.38 and a debt-to-equity ratio of 0.96.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.68 EPS for the quarter, topping the 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 the consensus estimate of $1.68 billion. During the same quarter last year, the firm posted $0.69 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. equities analysts expect that WEC Energy Group will post 3.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.5525 per share. This represents a $2.21 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, February 13th. WEC Energy Group’s payout ratio is presently 68.42%.

In other news, VP Scott J. Lauber sold 1,240 shares of WEC Energy Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $70.00, for a total transaction of $86,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Gale E. Klappa sold 52,722 shares of WEC Energy Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $69.40, for a total value of $3,658,906.80. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in WEC. Wells Fargo & Company MN increased its holdings in WEC Energy Group by 36.6% in the 3rd quarter. Wells Fargo & Company MN now owns 7,366,777 shares of the utilities provider’s stock worth $462,486,000 after acquiring an additional 1,972,929 shares during the last quarter. Principal Financial Group Inc. increased its holdings in WEC Energy Group by 362.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,195,130 shares of the utilities provider’s stock worth $134,737,000 after acquiring an additional 1,719,955 shares during the last quarter. Janus Henderson Group PLC increased its holdings in WEC Energy Group by 2,687.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,200,291 shares of the utilities provider’s stock worth $73,674,000 after acquiring an additional 1,157,227 shares during the last quarter. Vanguard Group Inc. increased its holdings in WEC Energy Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 32,962,447 shares of the utilities provider’s stock worth $2,023,235,000 after acquiring an additional 795,189 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in WEC Energy Group by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,849,244 shares of the utilities provider’s stock worth $178,873,000 after acquiring an additional 638,010 shares during the last quarter. 72.60% of the stock is owned by institutional investors.

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About WEC Energy Group

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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