In a report released today, Andrew Weisel from Scotiabank reiterated a Buy rating on WEC Energy Group (WEC – Research Report), with a price target of $94.00. The company’s shares closed yesterday at $81.39.
According to TipRanks, Weisel is a 2-star analyst with an average return of -0.6% and a 44.64% success rate. Weisel covers the Utilities sector, focusing on stocks such as CMS Energy, Dominion Energy, and Southern Co.
In addition to Scotiabank, WEC Energy Group also received a Buy from KeyBanc’s Sophie Karp in a report issued today. However, on October 23, Barclays maintained a Sell rating on WEC Energy Group (NYSE: WEC).
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Based on WEC Energy Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.83 billion and a net profit of $289.7 million. In comparison, last year the company earned a revenue of $2.13 billion and had a net profit of $287.5 million
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WEC Energy Group (WEC) Company Description:
WEC Energy Group, Inc. engages in the generation and distribution of electricity as well as delivers natural gas in Wisconsin, Illinois, Michigan and Minnesota. The company generates electricity from coal, oil, hydroelectric, natural gas, wind, and biomass sources.
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