Favorable Media Coverage Somewhat Unlikely to Affect WEC Energy Group (WEC) Stock Price
News coverage about WEC Energy Group (NYSE:WEC) has trended positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WEC Energy Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.4658626278556 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Atlantica Yield PLC (ABY) and WEC Energy Group (WEC) Financial Review (americanbankingnews.com)
- Critical Comparison: WEC Energy Group (WEC) vs. Spark Energy (SPKE) (americanbankingnews.com)
- Have Investors Already Priced In WEC Energy Group Inc’s (WEC) Growth? (finance.yahoo.com)
- WEC Energy Group, Inc. (WEC) is Rich Dividend Yielding stock with rate of 3.16% – Voice Of Analysts (analystsbuzz.com)
WEC Energy Group (NYSE:WEC) opened at 64.27 on Friday. WEC Energy Group has a 12 month low of $53.66 and a 12 month high of $67.20. The firm has a market capitalization of $20.28 billion, a price-to-earnings ratio of 21.07 and a beta of 0.12. The firm’s 50-day moving average is $64.96 and its 200 day moving average is $62.33.
WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. WEC Energy Group had a net margin of 12.72% and a return on equity of 10.75%. WEC Energy Group’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. Equities analysts predict that WEC Energy Group will post $3.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 3.22%. WEC Energy Group’s payout ratio is 68.42%.
A number of research analysts have recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of WEC Energy Group in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. BidaskClub upgraded shares of WEC Energy Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $58.00 price target (down from $59.00) on shares of WEC Energy Group in a research note on Monday, June 26th. Finally, Ladenburg Thalmann Financial Services boosted their price target on shares of WEC Energy Group from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.86.
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In other WEC Energy Group news, Director Gale E. Klappa sold 100,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $64.42, for a total transaction of $6,474,210.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Susan H. Martin sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $66.00, for a total transaction of $990,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,190 shares of company stock worth $12,435,484. 0.97% of the stock is owned by corporate insiders.
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.
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