Sanctuary Advisors LLC has purchased 79,085 shares in WEC Energy Group (WEC), a company that is actively seeking to invest an additional $1.7 billion into renewable energy. Meanwhile, despite some daily losses, WEC's stock has outperformed its competitors, and investor pessimism is reportedly lesser than expected. Controversy has arisen with a coalition protesting against WEC's new gas plan, accusing it of corporate greed. Nonetheless, the WEC stock hit a 52-week high at $96.66, likely due to its sustained growth and recent RS Rating upgrade. It is also noted that Clearbridge Investments LLC has increased its position in WEC Energy Group. Bullish views of the company have seemingly increased, with WEC's price target being raised to $103 by KeyCorp. It's worth noting that the company has seen a decline over the past few years, with shareholders suffering a 3.8% loss on their investments over three years. Institutional owners are reportedly considering taking drastic measures due to recent stock price drops. WEC's Q2 2024 earnings were reported to have missed estimates and their hold rating by Jefferies.
Wec Energy Group WEC News Analytics from Fri, 02 Feb 2024 08:00:00 GMT to Sat, 05 Oct 2024 12:42:36 GMT -
Rating 5
- Innovation -2
- Information 8
- Rumor -5
