WEC Energy Group – Consensus Indicates Potential 7.9% Upside

Broker Ratings

WEC Energy Group which can be found using ticker (WEC) have now 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 111 and 94 with the average target price sitting at $102.36. Now with the previous closing price of $94.86 and the analysts are correct then we can expect a percentage increase in value of 7.9%. There is a 50 day moving average of $92.43 and the 200 day moving average is $96.16. The market cap for the company is $29,730m. Company Website: https://www.wecenergygroup.com

The potential market cap would be $32,080m based on the market consensus.

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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 incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.

The company has a dividend yield of 3.29% with the ex dividend date set at 13-2-2023 (DMY).

Other points of data to note are a P/E ratio of 21.28, revenue per share of 30.43 and a 3.14% return on assets.

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