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Zacks Investment Research downgraded WEC Energy Group Inc (NYSE:WEC) to Sell in a report released today.

Zacks Investment Research has downgraded WEC Energy Group Inc(NYSE:WEC) to Sell in a statement released on 9/16/2016.

On 5/09/2016, UBS Securities reported about WEC Energy Group Inc(NYSE:WEC) bumped the target price from $53.00 to $58.00 that suggested a downside of -0.03%.

Yesterday WEC Energy Group Inc (NYSE:WEC) traded 0.30% higher at $60.28. WEC Energy Group Inc’s 50-day moving average is $61.54 and its 200-day moving average is $60.74. The last stock price is down 0.62% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. 875,205 shares of the stock traded, down from ann avg. volume of 1,845,030.

See Graphic Below:

WEC Energy Group Inc (NYSE:WEC)

WEC Energy Group Inc has a one-year low of $47.98 and a one-year high of $66.10 with a price-earnings ratio of 22. WEC’s market cap is currently $0.0.

A total of 10 analysts have issued a ratings update on WEC Energy Group Inc. Four firms rate the company a strong buy, two analysts rate the company a buy, eight analyts rate the stock a hold, one brokerage rate the stock to underperform, and finally 0 analystsrate the company as sell with a 12-month target stock price of $59.15

About WEC Energy Group Inc (NYSE:WEC)

WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The Company’s segments are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility operations of Wisconsin Electric Power Company (Wisconsin Electric), Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas operations in the state of Michigan. The Company’s Illinois segment includes the natural gas utility and non-utility operations of North Shore Gas Company (NSG), and and The Peoples Gas Light and Coke Company (PGL). The Company’s other states segment includes the natural gas utility and non-utility operations of Minnesota Energy Resources Corporation (MERC) and Michigan Gas Utilities Corporation (MGU).

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