WEC Energy Group (NYSE:WEC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.4 by 10 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, UBS upgrades its outlook on WEC Energy Group (NYSE:WEC). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Sell. The brokerage firm raises the price target from $53 per share to $58 per share. The rating by the firm was issued on May 9, 2016.
WEC Energy Group (NYSE:WEC) stock has received a short term price target of $ 59.6 from 5 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.51. The higher estimate of target price is $62 , while the lower price target estimate is $56
WEC Energy Group (NYSE:WEC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.06% or 0.04 points. After the session commenced at $63.05, the stock reached the higher end at $63.36 while it hit a low of $62.66. With the volume soaring to 1,624,874 shares, the last trade was called at $62.9. The company has a 52-week high of $63.41. The company has a market cap of $19,854 million and there are 315,647,210 shares in outstanding. The 52-week low of the share price is $44.93.
WEC Energy Group, Inc. has dropped 0.46% in the last five trading days, however, the shares have posted positive gains of 7.5% in the last 4 weeks. WEC Energy Group, Inc. is up 8.9% in the last 3-month period. Year-to-Date the stock performance stands at 24.68%.
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.