WEC Energy Group (WEC) Receives Media Impact Rating of 0.40
Press coverage about WEC Energy Group (NYSE:WEC) has trended positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WEC Energy Group earned a news impact score of 0.40 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.4488946060497 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- At the Focal Point, Checking in on WEC Energy Group, Inc. (NYSE:WEC) and Northern Trust Corporation (NASDAQ … – FLBC News (flbcnews.com)
- WEC Energy Group (NYSE:WEC) Receives Media Impact Score of 0.28 (bulhufas.com)
- WEC Energy Group, Inc. (WEC) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- WEC Energy Group, Inc. (WEC) moves -0.45% away from 52-Week High = Technical Facts – Voice Of Analysts (analystsbuzz.com)
- Hennessy Advisors Inc Sold A Little More WEC Energy Group, Inc. (WEC) Stock – Modern Readers (modernreaders.com)
Several equities analysts recently issued reports on the company. BidaskClub lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $58.00 price objective (down from $59.00) on shares of WEC Energy Group in a research report on Monday, June 26th. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Ladenburg Thalmann Financial Services boosted their price objective on WEC Energy Group from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 9th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of WEC Energy Group in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.86.
WEC Energy Group (NYSE:WEC) traded up 0.66% during midday trading on Tuesday, reaching $64.47. The company’s stock had a trading volume of 1,101,025 shares. The firm has a market cap of $20.35 billion, a P/E ratio of 21.14 and a beta of 0.11. WEC Energy Group has a 52-week low of $53.66 and a 52-week high of $64.94. The firm has a 50 day moving average of $62.56 and a 200 day moving average of $61.11.
WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.05. WEC Energy Group had a return on equity of 10.75% and a net margin of 12.72%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts anticipate that WEC Energy Group will post $3.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Thursday, August 10th. This represents a $2.08 dividend on an annualized basis and a yield of 3.23%. WEC Energy Group’s dividend payout ratio (DPR) is presently 68.42%.
In other WEC Energy Group news, VP Susan H. Martin sold 15,470 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $62.50, for a total value of $966,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.97% of the company’s stock.
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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.
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