WEC Energy Group with ticker code (WEC) have now 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 111 and 98 suggesting an average Analsyt target price of $102.89. Given that the stocks previous close was at $96.17 this would indicate that there is a potential upside of 7.0%. The day 50 moving average is $93.62 and the 200 day MA is $95.68. The company has a market capitalization of $30,263m. Company Website: https://www.wecenergygroup.com
The potential market cap would be $32,377m based on the market consensus.
WEC Energy Group, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, and oil, as well as hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2022, it operated approximately 35,600 miles of overhead distribution lines and 36,100 miles of underground distribution cables, as well as 430 electric distribution substations and 514,800 line transformers; 52,000 miles of natural gas distribution mains; 1,100 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group in June 2015. WEC Energy Group was founded in 1896 and is headquartered in Milwaukee, Wisconsin.
The company has a dividend yield of 3.24% with the ex dividend date set at 11-5-2023 (DMY).
Other points of data to note are a P/E ratio of 21.56, revenue per share of 30.43 and a 3.14% return on assets.
