WEC Energy Group (WEC) : Analyst Rating Update

WEC Energy Group (WEC) : Zacks Investment Research ranks WEC Energy Group (WEC) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.4, which indicates as a Buy.

WEC Energy Group (WEC) : The highest level WEC Energy Group (WEC) is projected to reach is $62 for the short term and the lowest estimate is at $56. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $59.6 and the possibility the share price can swing is $2.51.

WEC Energy Group (NYSE:WEC): The stock opened at $65.72 on Wednesday but the bulls could not build on the opening and the stock topped out at $65.82 for the day. The stock traded down to $65.00 during the day, due to lack of any buying support eventually closed down at $65.65 with a loss of -0.26% for the day. The stock had closed at $65.82 on the previous day. The total traded volume was 2,533,613 shares.

Also, Equity analysts at the Brokerage firm UBS upgrades its rating on WEC Energy Group (NYSE:WEC). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The Analysts at UBS raises the price target from $53 per share to $58 per share. The rating by the firm was issued on May 9, 2016. The company shares have rallied 38.80% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $66.10 and the one year low was seen on Jul 29, 2015. The 50-Day Moving Average price is $61.71 and the 200 Day Moving Average price is recorded at $57.83.

WEC Energy Group,Inc., formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas, operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power, which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries, Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities and Minnesota Energy Resources, among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas), W.E. Power, LLC (We Power), Integrys Energy Group, Inc. and Integrys Holding, Inc., among others.

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