Will Today’s Deutsche Bank Upgrade Ultimately Help The Stock Price of WEC Energy Group (NYSE:WEC)?


WEC Energy Group (NYSE:WEC) Stock Upgrade

In analysts note finalized on Monday morning, Deutsche Bank announced that they have decided to upgrade shares of WEC Energy Group (NYSE:WEC) to a Buy from a Hold. There is now a $56 target on WEC’s stock.

From a total of 11 analysts covering Wisconsin Energy Corporation (NYSE:WEC) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is $54 while the lowest target price is $48. The mean of all analyst targets is $52.27 with a 7.44% above today’s ($49.33) stock price. Wisconsin Energy Corporation was the topic of 8 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. UBS downgraded shares on October 26 to “Sell” rating. Argus Research upgraded WEC stock in a recent report from September 14 to “Buy” rating. Finally, Goldman Sachs upgraded the stock to “Conviction Buy List” rating in a report issued on an August 31.

Approximately 1.46M shares of stock traded hands. WEC Energy Group Inc (NYSE:WEC) has risen 1.40% since May 11, 2015 and is uptrending. It has outperformed by 5.81% the S&P500.

The overall sentiment of institutions has increased to 0.26 in Q2 2015. Its up 0.20, from 0.06 in 2015Q2. The ratio is positive, as 41 institutions have sold all the shares of WEC Energy Group Inc that they owned while 2 funds have taken shares off the table. 3 funds have purchased shares for the first time while 8 added to their positions. These institutions now hold 483,966 shares or 97.18% less than the 17.15 million shares they owned in 2015Q2.

The Fund South Street Advisors Llc currently is holding shares equating to 4.06% of its total portfolio in WEC Energy Group Inc representing a total of 230,030 shares. Another fund,Eisneramper Wealth Management Corporate Benefits Llc, is holding a total of 14,510 shares equating to 0.53% of their holdings. Additionally, Winch Advisory Services Llc has a 6,485 share stake in WEC Energy Group Inc which represents 0.5% of their total portfolio. The Fund, Bruce & Co. Inc., based out of Illinois, has also built up a stake in the stock, which represents a total of 0.33% of their total portfolio. Finally Caldwell & Orkin Inc, a fund which is based in the state of Georgia reported a total holdings of 5,835 shares.

Insider activity is a very important aspect to track on any stock. Going back to February 25, 2015, shareholders of WEC Energy Group Inc have witnessed 0 insider buys, and a total of 9 insider sales equating to a net activity of approximately $24.92 million . Garvin Robert M sold 1,730 shares worth approximately $80,575. Payne Ulice Jr sold 1,850 shares worth approximately $93,693. Klappa Gale E sold 50,000 shares worth approximately $2.56 million. Leverett Allen L sold 10,000 shares worth approximately $509,565.

WEC Energy Group,Inc., formerly Wisconsin Energy Corporation is a holding company. The company has a market cap of $15.39 billion. The Firm operates through two divisions: utility energy segment and non-utility energy segment. It has 21.22 P/E ratio. The Company’s utility energy segment consists of Wisconsin Electric and Wisconsin Gas, operating together under the trade name of We Energies.

According to Zacks Investment Research, “WEC Energy Group is the natural gas distribution company. WEC Energy Group, Inc., formerly known as Wisconsin Energy Corporation, is based in MILWAUKEE, United States.”