KeyBanc Reiterates a Hold Rating on WEC Energy GroupBy Jason Carr
According to TipRanks.com, Ridzon is a 3-star analyst with an average return of 5.3% and a 64.7% success rate. Ridzon covers the Utilities sector, focusing on stocks such as American Electric Power, NextEra Energy Inc, and Northwestern Corp.
WEC Energy Group has an analyst consensus of Moderate Buy, with a price target consensus of $63.
Based on WEC Energy Group ‘s latest earnings report from September 30, the company posted quarterly revenue of $1.71B and quarterly net profit of $217M. In comparison, last year the company earned revenue of $1.7B and had a net profit of $182.5M.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Robert Garvin, the Exec VP – Ext Affs of WEC sold 19,225 shares for a total of $1,184,452.
WEC Energy Group, Inc. engages in the distribution of electric and natural gas. It operates under the following operating segments: Wisconsin, Illinois, Other States, Electric Transmission, We-Power segment and Corporate & Other. The Wisconsin segment includes the electric and natural gas utility and non utility operations of Wisconsin Electric, Wisconsin Gas, and WPS, including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan. The Illinois segment includes the natural gas utility and non utility operations of NSG and PGL. The Other States segment includes the natural gas utility and non utility operations of MERC and MGU. The We-Power segment owns and leases generating facilities to Wisconsin Electric. The Corporate and Other segment includes the operations of the WEC Energy Group holding company, the Integrys holding company, the PELLC holding company, Wispark, Bostco, Wisvest, WECC, WBS, PDL, and ITF. The company was founded on June 29, 2015 and is headquartered in Milwaukee, WI.