WEC Energy Group, Inc. Common S (NYSE:WEC):
WEC Energy Group declares quarterly dividend.
The company is trading up since yesterday’s close of $58.275.
WEC Energy Group, Inc. Common S also declared a dividend payable on Thursday December 1st, 2016. The dividend payment will be $0.495 per share for the quarter which is $1.98 annualized. This dividend represents a yeild of $3.41 which is the dividend as a percentage of the current share price. The ex-dividend date is set for Wednesday the 10th of August 2016.
Company shares last traded at $58.52 which is a tad under $59.28, the 50 day moving average and which is marginally under the 200 day moving average of $60.90. The 50 day moving average was down by -1.28% and the 200 day average went down by -3.91%.
The company’s P/E ratio is 20.08 and market capitalization is 18.47B. In the latest earnings report the EPS was $2.80 and is projected to be $2.94 for the current year with 315,617,000 shares now outstanding. Next quarter’s EPS is expected be $1.10 with next year’s EPS anticipated to be $3.11.
Several Wall Street investment firms have provided guidance on WEC recently. On May 9 the company was upgraded to “Neutral” from “Sell” with a current price target of $58.00 in a report from UBS. March 1 investment analysts at Argus Research maintained a company rating of “Buy” and moved up the price target from $58.00 to $62.00.
Deutsche Bank lowered the price target and downgraded the stock on February 5 cutting the price target from $0.00 to $56.00 and altering the rating from “Buy” to “Hold”. On February 5 BMO Capital left the company rating at “Market Perform” and raised the price target to $57.00 from $51.00.
On February 5 Barclays kept the company rating at “Equalweight” but raised the price expectation from $57.00 to $61.00. On February 5 the stock rating was downgraded from “Buy” to “Hold” and a price target of $56.00 was set in a statement from Deutsche Bank.