In a report released yesterday, Eric Beaumont from Barclays maintained a Hold rating on WEC Energy Group (WEC), with a price target of $84. The company’s shares opened today at $83.94, close to its 52-week high of $84.86.
According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for WEC Energy Group with a $76.80 average price target, representing a -8.5% downside. In a report issued on June 4, KeyBanc also initiated coverage with a Hold rating on the stock.
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The company has a one-year high of $84.86 and a one-year low of $61.38. Currently, WEC Energy Group has an average volume of 1.49M.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. Last month, Allen Leverett, a Director at WEC sold 100,000 shares for a total of $8,248,000.
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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, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations.