In a report released today, Praful Mehta from Citigroup maintained a Hold rating on WEC Energy Group (NYSE: WEC), with a price target of $63. The company’s shares closed yesterday at $64.03.
According to TipRanks.com, Mehta is a 3-star analyst with an average return of 10.6% and a 66.7% success rate. Mehta covers the Utilities sector, focusing on stocks such as Edison International, Vistra Energy Corp, and Eversource Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WEC Energy Group with a $64 average price target.
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The company has a one-year high of $70.09 and a one-year low of $58.48. Currently, WEC Energy Group has an average volume of 1.7M.
Based on the recent corporate insider activity of 72 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.