The stock of WEC Energy Group Inc (NYSE:WEC) is a huge mover today! About 499,959 shares traded hands. WEC Energy Group Inc (NYSE:WEC) has declined 2.57% since March 9, 2016 and is downtrending. It has underperformed by 9.98% the S&P500.
The move comes after 6 months positive chart setup for the $17.81 billion company. It was reported on Oct, 12 by Barchart.com. We have $92.12 PT which if reached, will make NYSE:WEC worth $10.86B more.
Analysts await WEC Energy Group Inc (NYSE:WEC) to report earnings on November, 2. They expect $0.59 EPS, down 3.28% or $0.02 from last year’s $0.61 per share. WEC’s profit will be $183.64M for 24.25 P/E if the $0.59 EPS becomes a reality. After $0.57 actual EPS reported by WEC Energy Group Inc for the previous quarter, Wall Street now forecasts 3.51% EPS growth.
WEC Energy Group Inc (NYSE:WEC) Ratings Coverage
Out of 9 analysts covering Wisconsin Energy Corporation (NYSE:WEC), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Wisconsin Energy Corporation has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, July 28 by Goldman Sachs. The firm has “Buy” rating given on Monday, February 8 by Mizuho. Mizuho maintained the shares of WEC in a report on Friday, September 18 with “Buy” rating. The stock of WEC Energy Group Inc (NYSE:WEC) has “Hold” rating given on Friday, February 5 by Deutsche Bank. The rating was maintained by Argus Research on Tuesday, January 19 with “Buy”. Goldman Sachs upgraded it to “Conviction Buy List” rating and $52 target price in Monday, August 31 report. Wells Fargo upgraded WEC Energy Group Inc (NYSE:WEC) on Tuesday, September 8 to “Outperform” rating. The stock of WEC Energy Group Inc (NYSE:WEC) earned “Neutral” rating by Goldman Sachs on Wednesday, January 27. UBS upgraded WEC Energy Group Inc (NYSE:WEC) rating on Monday, May 9. UBS has “Neutral” rating and $58 price target. Wolfe Research upgraded the shares of WEC in a report on Thursday, July 30 to “Outperform” rating.
According to Zacks Investment Research, “WEC Energy Group is the natural gas distribution company. WEC Energy Group, Inc., formerly known as Wisconsin Energy Corporation, is based in MILWAUKEE, United States.”
Insitutional Activity: The institutional sentiment decreased to 0.5 in 2016 Q2. Its down 0.50, from 1 in 2016Q1. The ratio is negative, as 3 funds sold all WEC Energy Group Inc shares owned while 3 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 503,583 shares or 9.56% less from 556,790 shares in 2016Q1.
Balasa Dinverno And Foltz accumulated 6,227 shares or 0.07% of the stock. Fishman Jay A Ltd Mi holds 0% or 10,605 shares in its portfolio. Huntington Fincl Bank owns 34,631 shares or 0.04% of their US portfolio. Prudential Public Ltd Co holds 23,400 shares or 0.01% of its portfolio. America First Investment Llc holds 1,428 shares or 0.04% of its portfolio. Gemmer Asset Ltd Co, a California-based fund reported 115 shares. West Oak Lc has invested 0% of its portfolio in WEC Energy Group Inc (NYSE:WEC). South Street Advsrs Limited Liability Company reported 227,400 shares or 4.67% of all its holdings. Gulf Intll Financial Bank (Uk) Limited, a United Kingdom-based fund reported 93,685 shares. The Pennsylvania-based Vantage Invest Advsrs Limited Com has invested 0.17% in WEC Energy Group Inc (NYSE:WEC). Moreover, North Star Asset Incorporated has 0.04% invested in WEC Energy Group Inc (NYSE:WEC) for 5,958 shares. Lmr Prns Ltd Liability Partnership last reported 6,582 shares in the company. Bruce & last reported 24,252 shares in the company. Moreover, Ashford Capital has 0.11% invested in WEC Energy Group Inc (NYSE:WEC) for 7,313 shares. Westport Res Mgmt Inc, a Connecticut-based fund reported 212 shares.
Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 12 insider sales for $26.45 million net activity. Another trade for 15,990 shares valued at $938,119 was made by Shafer Joan M on Wednesday, May 25. Martin Susan H. had sold 40,000 shares worth $2.60 million on Friday, July 29. The insider Metcalfe Tom sold 10,090 shares worth $634,113. LEVERETT ALLEN L also sold $1.72M worth of WEC Energy Group Inc (NYSE:WEC) on Thursday, August 4. $12.75M worth of WEC Energy Group Inc (NYSE:WEC) was sold by KLAPPA GALE E. 4,500 shares were sold by PAYNE ULICE JR, worth $275,181. $1.18 million worth of shares were sold by Garvin Robert M on Thursday, August 18.
More recent WEC Energy Group Inc (NYSE:WEC) news were published by: Forbes.com which released: “WEC Energy Group Reaches Analyst Target Price” on August 19, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and WEC …” on August 08, 2016. Jsonline.com‘s news article titled: “Net income rises for WEC Energy Group” with publication date: July 27, 2016 was also an interesting one.
WEC Company Profile
WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, incorporated on June 26, 1981, is a holding company, which has electric and natural gas utility operations. The Firm serves clients in Wisconsin, Illinois, Michigan and Minnesota. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s subsidiaries provide regulated natural gas and electricity, as well as non-regulated renewable energy.
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