Wisconsin Energy Rating Lowered to Neutral at UBS AG (WEC)

By admin | 6 years ago

Wisconsin Energy (NYSE: WEC) was downgraded by equities researchers at UBS AG (NYSE: UBS) from a “buy” rating to a “neutral” rating in a report issued on Thursday. They currently have a $38.00 target price on the stock.

Wisconsin Energy traded up 0.38% on Thursday, hitting $37.44. Wisconsin Energy has a 52-week low of $27.00 and a 52-week high of $37.45. The company has a market cap of $8.628 billion and a price-to-earnings ratio of 16.55.

Wisconsin Energy last posted its quarterly earnings results 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of Wisconsin Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, May 15th. They now have a $38.00 price target on the stock, down previously from $39.00. They noted that the move was a valuation call. Separately, analysts at Robert W. Baird upgraded shares of Wisconsin Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, May 14th. They now have a $40.00 price target on the stock, up previously from $35.00. Finally, 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.

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.

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