RBC Capital analyst Shelby Tucker maintained a Hold rating on WEC Energy Group (WEC – Research Report) on May 7 and set a price target of $90.00. The company’s shares closed yesterday at $85.43.
Tucker covers the Utilities sector, focusing on stocks such as PPL, Atlantica Yield, and American Water. According to TipRanks, Tucker has an average return of 10.5% and a 73.02% success rate on recommended stocks.
In addition to RBC Capital, WEC Energy Group also received a Hold from BMO Capital’s James Thalacker in a report issued on May 1. However, on May 2, KeyBanc reiterated a Buy rating on WEC Energy Group (NYSE: WEC).
Based on WEC Energy Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.22 billion and a net profit of $218.4 million. In comparison, last year the company earned a revenue of $2.56 billion and had a net profit of $250.6 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
