**WEC Energy Group** (WEC), a prominent energy company, has been the focus of many financial transactions and decisions recently. **Coldstream Capital Management Inc.**, **Quest Partners LLC**, and **Trexquant Investment LP** acquired new positions in WEC stock, while **Dimensional Fund Advisors LP**, **Quadrant Capital Group LLC**, and **Janney Montgomery Scott LLC** sold WEC shares. Notably, **Franklin Resources Inc**., **Beacon Pointe Advisors LLC**, and **Dai ichi Life Insurance Company Ltd** increased their positions. Despite some underperformance compared to competitors, WEC's stock experienced periods of rise. Analysts gave an average rating of 'Hold' to WEC, while also cutting **Q2 2024 EPS Estimates**. WEC's significant **project pipeline** keeps growth steady, and there are predictions of it becoming a **Dividend Aristocrat**. However, it faces opposition to its rate proposals from customer advocates and industrial energy users. WEC recently announced a $750 million pricing of **Convertible Senior Notes due 2027** and missed revenue estimates by 8.7%. Additionally, WEC has committed itself to renewable investments, including a significant switch to natural gas at the Oak Creek coal plant, underlining a focus on clean energy. There have also been fluctuations in its earnings and they are expected to grow in the future, although they have missed expectations before.
Wec Energy Group WEC News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 19:55:19 GMT -
Rating -2
- Innovation 8
- Information 6
- Rumor 4
