Credit Suisse analyst Michael Weinstein W. maintained a Sell rating on WEC Energy Group (WEC) yesterday and set a price target of $79.00. The company’s shares closed last Wednesday at $87.45.
According to TipRanks.com, W. is a 4-star analyst with an average return of 3.7% and a 52.5% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Centerpoint Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for WEC Energy Group with a $89.43 average price target, representing a -0.5% downside. In a report issued on April 21, Barclays also maintained a Sell rating on the stock with a $99.00 price target.
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Based on WEC Energy Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.95 billion and net profit of $244 million. In comparison, last year the company earned revenue of $2.38 billion and had a net profit of $420 million.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEC in relation to earlier this year.
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Integrys Energy Group is a leading Midwest energy company. Our subsidiaries and people are focused on our mission to provide customers with the best value in energy and related services. Integrys has six regulated utility subsidiaries, including Wisconsin Public Service, Peoples Gas, North Shore Gas, Upper Peninsula Power Company, Michigan Gas Utilities and Minnesota Energy Resources. Our nonregulated energy subsidiary, Integrys Energy Services, is a natural gas, electric and alternate fuel supplier, also providing energy management and consulting services in the United States. Our business unit Trillium CNG is a leading provider of compressed natural gas (CNG) to fleets across the U.S. and also offers complete CNG facility design, construction, operation and maintenance services. Integrys Business Support, a business services company, provides innovative, cost-effective services and solutions to support Integrys’ operating subsidiaries in meeting business goals. In addition, we have a 34% equity ownership interest in American Transmission Company, an electric transmission company operating in Wisconsin, Michigan, Minnesota, and Illinois.
