Wisconsin Energy Corp (NYSE:WEC) Sentiment Crashes in 2018 Q1

July 16, 2018 - By Robert Shackelford

WEC Energy Group, Inc. (NYSE:WEC) Logo

Sentiment for Wisconsin Energy Corp (NYSE:WEC)

Wisconsin Energy Corp (NYSE:WEC) institutional sentiment decreased to 0.5 in 2018 Q1. Its down -0.17, from 0.67 in 2017Q4. The ratio has worsened, as 2 hedge funds started new and increased stock positions, while 4 sold and decreased their holdings in Wisconsin Energy Corp. The hedge funds in our partner’s database now possess: 219,923 shares, down from 221,618 shares in 2017Q4. Also, the number of hedge funds holding Wisconsin Energy Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 4 Increased: 2 New Position: 0.

WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company has market cap of $20.47 billion. The firm operates through Wisconsin, Illinois, Other States, Electric Transmission, We Power, and Corporate and Other divisions. It has a 16.63 P/E ratio. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass.

The stock decreased 0.51% or $0.33 during the last trading session, reaching $64.86. About 838,802 shares traded. WEC Energy Group, Inc. (NYSE:WEC) has risen 0.06% since July 16, 2017 and is uptrending. It has underperformed by 12.51% the S&P500.

Analysts await WEC Energy Group, Inc. (NYSE:WEC) to report earnings on July, 26 before the open. They expect $0.65 earnings per share, up 3.17 % or $0.02 from last year’s $0.63 per share. WEC’s profit will be $205.10M for 24.95 P/E if the $0.65 EPS becomes a reality. After $1.23 actual earnings per share reported by WEC Energy Group, Inc. for the previous quarter, Wall Street now forecasts -47.15 % negative EPS growth.

Bruce & Co. Inc. holds 0.3% of its portfolio in WEC Energy Group, Inc. for 23,124 shares. Vantage Investment Advisors Llc owns 6,194 shares or 0.1% of their US portfolio. Moreover, Gulf International Bank (Uk) Ltd has 0.08% invested in the company for 101,857 shares. The Delaware-based Ashford Capital Management Inc has invested 0.07% in the stock. Eqis Capital Management Inc., a California-based fund reported 21,041 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $223,503 activity.

WEC Energy Group, Inc. (NYSE:WEC) Ratings Coverage

Ratings analysis reveals 17% of WEC Energy Group’s analysts are positive. Out of 6 Wall Street analysts rating WEC Energy Group, 1 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $61 while the high is $71. The stock’s average target of $67 is 3.30% above today’s ($64.86) share price. WEC was included in 8 notes of analysts from February 1, 2018. The stock of WEC Energy Group, Inc. (NYSE:WEC) earned “Neutral” rating by Credit Suisse on Friday, February 23. The firm has “Neutral” rating given on Tuesday, July 10 by Citigroup. The company was maintained on Wednesday, May 2 by Credit Suisse. Wells Fargo maintained the shares of WEC in report on Thursday, February 1 with “Market Perform” rating. Bank of America upgraded WEC Energy Group, Inc. (NYSE:WEC) on Wednesday, May 23 to “Buy” rating.

WEC Energy Group, Inc. (NYSE:WEC) Ratings Chart

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