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WEC

WEC Energy

$68.48

0.06 (0.09%)

14:11
12/07/17
12/07
14:11
12/07/17
14:11

WEC Energy to raise quarterly dividend 6.25% to 55.25c per share

The board of directors of WEC Energy Group announced that it is planning to raise the quarterly dividend on the company's common stock to 55.25c per share in the first quarter of 2018. This would represent an increase of 3.25c per share or 6.25% over the current quarterly rate. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend - which would be equivalent to an annual rate of $2.21 per share - is expected to be payable March 1, 2018, to stockholders of record on Feb. 14, 2018.

WEC WEC Energy
$68.48

0.06 (0.09%)

12/07/17
FBCO
12/07/17
INITIATION
Target $70
FBCO
Neutral
WEC Energy initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Weinstein starts WEC Energy with a Neutral rating and $70 price target. The company is "essentially a large-cap plain vanilla regulated utility story," the analyst contends.
10/24/17
BOFA
10/24/17
INITIATION
Target $67
BOFA
Neutral
WEC Energy initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith initiated Vistra Energy with a Neutral and $67 price target.
06/26/17
06/26/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. GrubHub (GRUB) downgraded to Equal Weight from Overweight by Morgan Stanley analyst John Glass, who lowered his price target to $43 from $47. The firm's survey results indicate 26% of Amazon (AMZN) Prime members have tried Amazon Restaurants in the past 6 months, and other players such as UberEATS and YelpEat24 are emerging, which longer-term will reduce GrubHub's profitability and cash flow, the analyst argues. 2. Stratasys (SSYS) downgraded to Sell from Neutral by Goldman Sachs analyst Matthew Cabral, who noted that the shares are up 67% year-to-date while competition is ramping and price pressure is mounting. 3. DaVita (DVA) downgraded to Hold from Buy by Jefferies analyst Chris Cooper, who cites slowing treatment growth and the "tight" rate environment. 4. Agios Pharmaceuticals (AGIO) downgraded to Neutral by Janney Capital analyst Debjit Chattopadhyay, who believes peak sales estimates for its acute myeloid leukemia treatment are likely to move lower over time. 5. American Electric (AEP) was downgraded to Neutral from Buy while Ameren (AEE) and WEC Energy (WEC) were both downgraded to Sell from Neutral at Goldman Sachs, where analyst Michael Lapides downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/25/17
GSCO
06/25/17
DOWNGRADE
Target $58
GSCO
Sell
WEC Energy downgraded to Sell from Neutral at Goldman Sachs
Goldman analyst Michael Lapides downgraded WEC Energy to Sell and trimmed its price target to $58 from $59 due to relative valuation, slowing earnings growth, and regulatory overhangs. The analyst also downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal.

TODAY'S FREE FLY STORIES

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AEP

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SAGE

Sage Therapeutics

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Conference/Events
Sage Therapeutics management to meet with RBC Capital »

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ORCL

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  • 14

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ADBE

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ADBE

Adobe

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ORCL

Oracle

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0.14 (0.28%)

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ORCL

Oracle

$50.19

0.14 (0.28%)

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Earnings
Oracle sees Q3 adjusted EPS 68c-70c, consensus 72c »

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UBA

Urstadt Biddle

$22.71

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, UBP

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$18.00

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Urstadt Biddle raises quarterly dividend by 0.5c to 27c »

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ORCL

Oracle

$50.19

0.14 (0.28%)

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NQ

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CVX

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VSTM

Verastem

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DNR

Denbury Resources

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NCBS

Nicolet Bankshares

$56.52

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GALE

Galena

$0.32

0.0399 (14.24%)

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FDS

FactSet

$202.46

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Initiation
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UTX

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CSCO

Cisco

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ANET

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  • 26

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GRA

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  • 02

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LENS

Presbia

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