WEC Energy Group (WEC) Receives a Buy from Wells Fargo

By Austin Angelo

Wells Fargo analyst Neil Kalton maintained a Buy rating on WEC Energy Group (WECResearch Report) on December 6. The company’s shares closed last Monday at $89.07.

According to TipRanks.com, Kalton is a 4-star analyst with an average return of 6.7% and a 64.6% success rate. Kalton covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Edison International, and NextEra Energy.

WEC Energy Group has an analyst consensus of Hold, with a price target consensus of $94.20.

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The company has a one-year high of $98.19 and a one-year low of $66.75. Currently, WEC Energy Group has an average volume of 1.52M.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEC in relation to earlier this year.

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WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations.