$0.58 EPS Expected for WEC Energy Group Inc (WEC)

July 18, 2017 - By reb123z

 $0.58 EPS Expected for WEC Energy Group Inc (WEC)
Investors sentiment decreased to 0.4 in 2016 Q4. Its down 0.17, from 0.57 in 2016Q3. It dropped, as 2 investors sold WEC Energy Group Inc shares while 3 reduced holdings. 0 funds opened positions while 2 raised stakes. 227,813 shares or 8.23% less from 248,236 shares in 2016Q3 were reported.
Eqis Cap Mgmt Incorporated invested in 0.06% or 16,512 shares. Gulf International Bank (Uk) Ltd stated it has 0.09% in WEC Energy Group Inc (NYSE:WEC). Balasa Dinverno Foltz Ltd Liability Co has 6,227 shares for 0.06% of their portfolio. Ashford Capital Mgmt Inc reported 7,313 shares or 0.09% of all its holdings. Bruce Company owns 24,252 shares or 0.37% of their US portfolio. Vantage Invest Lc holds 0.15% or 6,194 shares in its portfolio. West Oak Cap Ltd reported 22,760 shares stake. North Star Asset reported 4,152 shares or 0.03% of all its holdings. Prudential Public Limited Liability Company reported 0% in WEC Energy Group Inc (NYSE:WEC). Lmr Llp stated it has 11,554 shares or 0.1% of all its holdings. Fishman Jay A Mi reported 9,105 shares stake. Gemmer Asset Limited Com reported 159 shares.

Since February 28, 2017, it had 0 insider purchases, and 9 insider sales for $17.26 million activity. KLAPPA GALE E sold $6.20M worth of stock. $56,417 worth of stock was sold by PAYNE ULICE JR on Wednesday, May 31. Another trade for 15,470 shares valued at $966,875 was made by Martin Susan H. on Thursday, May 25. Another trade for 1,600 shares valued at $95,875 was made by BOWLES BARBARA L on Wednesday, March 1. Shares for $262,226 were sold by Schubilske James A. on Friday, May 5. Lauber Scott J sold $408,975 worth of WEC Energy Group Inc (NYSE:WEC) on Monday, March 27. Another trade for 7,935 shares valued at $486,451 was sold by Metcalfe Tom.

Wall Street await WEC Energy Group Inc (NYSE:WEC) to release earnings on July, 26. Analysts forecast earnings per share of $0.58, up exactly $0.01 or 1.75 % from 2014’s $0.57 EPS. The expected WEC’s profit could reach $184.26M giving the stock 26.55 P/E in the case that $0.58 earnings per share is reported. After posting $1.12 EPS for the previous quarter, WEC Energy Group Inc’s analysts now forecast -48.21 % negative EPS growth. The stock increased 0.60% or $0.37 during the last trading session, reaching $61.6. About 1.18M shares traded. WEC Energy Group Inc (NYSE:WEC) has risen 4.43% since July 18, 2016 and is uptrending. It has underperformed by 12.27% the S&P500.

WEC Energy Group Inc (NYSE:WEC) Ratings Coverage

Among 9 analysts covering Wisconsin Energy Corporation (NYSE:WEC), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Wisconsin Energy Corporation had 20 analyst reports since July 28, 2015 according to SRatingsIntel. Argus Research maintained WEC Energy Group Inc (NYSE:WEC) on Tuesday, January 19 with “Buy” rating. The rating was downgraded by Deutsche Bank to “Hold” on Friday, February 5. The stock has “Neutral” rating by Goldman Sachs on Wednesday, January 27. As per Monday, May 9, the company rating was upgraded by UBS. Mizuho maintained the shares of WEC in report on Friday, September 18 with “Buy” rating. Mizuho maintained it with “Buy” rating and $63 target in Monday, February 8 report. The firm has “Neutral” rating given on Thursday, February 2 by Mizuho. The firm has “Outperform” rating given on Thursday, July 30 by Wolfe Research. On Monday, October 26 the stock rating was downgraded by UBS to “Sell”. As per Monday, June 26, the company rating was downgraded by Goldman Sachs.

WEC Energy Group, Inc. was a diversified holding firm with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric activities through its We Power business, as of December 31, 2016. The company has market cap of $19.57 billion. The Company’s divisions include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other. It has a 20.57 P/E ratio. Wisconsin includes the electric and natural gas utility activities of Wisconsin Electric Power Company, Wisconsin Gas LLC, and Wisconsin Public Service Corporation, including WE’s and WPS’s electric and natural gas activities in the state of Michigan.

More news for WEC Energy Group Inc (NYSE:WEC) were recently published by: Gurufocus.com, which released: “Clean Yield Group Buys Columbia Property Trust Inc, NTT DOCOMO Inc, Tractor …” on July 17, 2017. Seekingalpha.com‘s article titled: “Time For Value? Focus On Utilities” and published on June 19, 2017 is yet another important article.

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