WEC Energy Group Inc. (WEC) has exhibited variable market performance, often underperforming compared to its competitors. Despite this, their EPS has often surpassed estimates and shares remain attractive for various institutional investors. Traders forecast a Q3 2024
Earnings per Share of $1.18 while the Q1 2024 earnings beat estimates, despite a 4.6% drop since the last report. A significant number of shares were purchased by entities like
HSBC Holdings PLC,
TrinityPoint Wealth LLC, and
EverSource Wealth Advisors LLC, indicating faith in the company's growth potential. The energy firm's rate proposals are facing opposition from customer advocates and industrial energy users. Other news includes WEC paying $459 million for a Texas solar project, hinting at a commitment to renewable energy. There are also plans to discontinue using coal as a fuel source, and the expectation of substantial investment in clean energy. Their strategic strength was also analyzed, and dividend growth and yield prove strong, suggesting the company is a potential 'Dividend Aristocrat' in the making. However, the stock's recent underperformance brought mixed reactions causing some institutional owners to take dramatic actions. Consequently, the overall outlook remains uncertain.
Wec Energy Group WEC News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Sat, 01 Jun 2024 05:45:04 GMT -
Rating 0
- Innovation 0
- Information 6
- Rumor -5
