WEC Energy Group, Inc. Common S (NYSE:WEC):
WEC Energy Group announces 2016 third-quarter earnings news release and conference call.
The company is now up by 0.42% since yesterday’s close of $58.275.
The company recently announced a dividend which will be paid on Thursday the 1st of December 2016. The dividend payment will be $0.495 per share for the quarter or $1.98 annualized. The dividend yield will be $3.37. The ex-dividend date will be on Wednesday August 10th, 2016.
Shares are trading at $58.52 which is slightly below $59.28, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $60.90. The 50 day moving average moved down $-0.76 and the 200 day average was down $-2.38.
The most current P/E ratio is 20.08 and the market cap of the company is 18.47B. As of the latest earnings report the EPS was $2.91 and is estimated to be $2.94 for the current year with 315,617,000 shares outstanding. Analysts expect next quarter’s EPS to be $1.10 and the next full year EPS is projected to be $3.11.
Several analysts have provided guidance on WEC Energy Group, Inc. Common S recently. On May 9 the company was upgraded from “Sell” to “Neutral” with a current price target of $58.00 in a report from UBS. On March 1 Argus Research maintained a stock rating of “Buy” and moved up the price target to $62.00 from $58.00.
February 5 investment analysts at BMO Capital held the stock rating at “Market Perform” and raised the price expectation from $51.00 to $57.00. February 5 investment analysts at Barclays held the company rating at “Equalweight” but raised the price target from $57.00 to $61.00.
On February 5 the stock rating was downgraded to “Hold” from “Buy” and a price target of $56.00 was set by analysts at Deutsche Bank. Equity analyst Deutsche Bank lowered the price target and downgraded the stock on February 5 cutting the price target from $0.00 to $56.00 and changing the rating from “Buy” to “Hold”.