Short Term Rating on WEC Energy Group (WEC)

WEC Energy Group (WEC) has an average broker rating of 2.4, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

WEC Energy Group (WEC) : 5 Wall Street analysts covering WEC Energy Group (WEC) believe that the average level the stock could reach for the short term is $59.6. The maximum price target given is $62 and the minimum target for short term is around $56, hence the standard deviation is calculated at $2.51.

For the current week, the company shares have a recommendation consensus of Buy.


WEC Energy Group (NYSE:WEC): The stock opened at $64.51 on Tuesday but the bulls could not build on the opening and the stock topped out at $64.64 for the day. The stock traded down to $63.64 during the day, due to lack of any buying support eventually closed down at $63.71 with a loss of -1.85% for the day. The stock had closed at $64.91 on the previous day. The total traded volume was 1,699,574 shares.

WEC Energy Group,Inc., formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas, operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power, which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries, Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities and Minnesota Energy Resources, among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas), W.E. Power, LLC (We Power), Integrys Energy Group, Inc. and Integrys Holding, Inc., among others.

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