Robert W. Baird Upgrades Wisconsin Energy to Outperform (WEC)
Wisconsin Energy (NYSE: WEC) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday. The firm currently has a $40.00 price target on the stock, up from their previous price target of $35.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Wisconsin Energy in a research note to investors on Thursday, May 3rd. They now have a $39.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their EPS on shares of Wisconsin Energy in a research note to investors on Wednesday, May 2nd. They now have a “market perform” rating and a $38.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Wisconsin Energy from $33.00 to $35.00 in a research note to investors on Wednesday, May 2nd.
Wisconsin Energy traded down 0.40% on Monday, hitting $37.10. Wisconsin Energy has a 1-year low of $27.00 and a 1-year high of $37.45. The company has a market cap of $8.550 billion and a price-to-earnings ratio of 16.53.
Wisconsin Energy last released its earnings data on Tuesday, May 1st. The company reported $0.74 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.74. The company’s quarterly revenue was down 10.3% on a year-over-year basis. Analysts expect that Wisconsin Energy will post $0.56 EPS next quarter.
Wisconsin Energy Corporation is a diversified holding company. The Company operates primarily through two segments: a utility energy segment and a non-utility energy segment.