WEC Energy Group (WEC) Gets a Sell from Goldman Sachs
Goldman Sachs analyst Carly Davenport maintained a Sell rating on WEC Energy Group yesterday and set a price target of $108.00. The company’s shares closed yesterday at $110.65.
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Davenport covers the Utilities sector, focusing on stocks such as Duke Energy, Eversource Energy, and Public Service Enterprise. According to TipRanks, Davenport has an average return of 2.9% and a 60.00% success rate on recommended stocks.
WEC Energy Group has an analyst consensus of Moderate Buy, with a price target consensus of $123.92.
Based on WEC Energy Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.43 billion and a net profit of $804.7 million. In comparison, last year the company earned a revenue of $3.15 billion and had a net profit of $724.5 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEC in relation to earlier this year. Earlier this month, Daniel Krueger, the EVP WEC Infrastructure of WEC sold 4,665.00 shares for a total of $517,588.15.
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