WEC Energy Group (NYSE:WEC), witnessed a 1.6% loss over three years,
underperformed the market several times, and was
downgraded to Sell by StockNews.com. Despite these setbacks, companies like Canada Pension Plan Investment Board, Ameritas Investment Partners Inc., Intech Investment Management LLC, UniSuper Management Pty Ltd, and others, have
purchased shares. Following the report of a
5.7% recent decline and an unprofitable year, institutional owners were rumored to take dramatic action. The firm's Q2 2024 earnings are expected at $0.64 per share, with analysts at Barclays
increasing price targets to $80 and at BMO Capital Markets
cutting to $87. Following a clean energy project completion with Foxconn, and a large project pipeline,
dividend growth is expected. However,
customer advocates and industrial energy users opposed WEC Energy Group's rate proposals. Even amidst regulatory challenges, the firm demonstrated
mixed 2023 financial results. With return trends unappealing, the company aims to invest another $300 million due to economic growth.
Wec Energy Group WEC News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 15:40:24 GMT -
Rating -7
- Innovation 2
- Information 5
- Rumor -8
