Citigroup analyst Praful Mehta maintained a Hold rating on WEC Energy Group (NYSE: WEC) today and set a price target of $66. The company’s shares closed yesterday at $67.67.
According to TipRanks.com, Mehta is a 3-star analyst with an average return of 11.3% and a 69.6% success rate. Mehta covers the Utilities sector, focusing on stocks such as Edison International, Eversource Energy, and Duke Energy Corp.
WEC Energy Group has an analyst consensus of Moderate Buy, with a price target consensus of $66.33.
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WEC Energy Group’s market cap is currently $21.35B and has a P/E ratio of 16.92. The company has a Price to Book ratio of 2.20.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.
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WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin; Illinois; Other States; Electric Transmission; We Power; and Corporate and Other. The Wisconsin segment refers to the electric and gas utility operations.
