J.P. Morgan Keeps Their Hold Rating on WEC Energy Group (WEC)
In a report released today, Jeremy Tonet from J.P. Morgan maintained a Hold rating on WEC Energy Group, with a price target of $126.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Tonet covers the Energy sector, focusing on stocks such as Enbridge, Oneok, and Plains All American. According to TipRanks, Tonet has an average return of 8.9% and a 60.93% success rate on recommended stocks.
In addition to J.P. Morgan, WEC Energy Group also received a Hold from TipRanks – OpenAI’s OpenAI Regulated Electric in a report issued on March 3. However, on March 4, KeyBanc maintained a Buy rating on WEC Energy Group (NYSE: WEC).
Based on WEC Energy Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.54 billion and a net profit of $316.9 million. In comparison, last year the company earned a revenue of $2.28 billion and had a net profit of $453.8 million
Based on the recent corporate insider activity of 63 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. Last month, Ulice Payne, a Director at WEC sold 1,450.00 shares for a total of $166,155.50.
Read More on WEC:
