Boston, MA 03/18/2014 (wallstreetpr) – Wisconsin Energy Corp (NYSE:WEC) has seen its stock surge since the start of the year, marking a new life time high with an average dollar volume of $66.4 million. Wisconsin Energy with its subsidiary generates and distributes electric energy and natural gas to both commercial and residential premises. It operates two segments of utility and non-utility energy.
Wisconsin Energy stock currently commands a yield rate of 3.65 with a PE ratio of 17.4. The company’s stock is currently rated as a “Buy “by two equity research firms with eleven rating it as a hold and non as a sell. The average traded volume of the company’s stock stands at 1.7 million per day over 30 days with a market cap of $9.9 billion
Analyst at TheStreet currently rate Wisconsin Energy as a buy with the company showing significant strength in good returns on revenue as well as growth in earnings per share
Highlights of the buy rating
Wisconsin Energy Corp (NYSE:WEC)’s revenue growth metrics is currently higher than the industry average of 3% compared to that of the same quarter a year ago, its revenue has grown by 10% in the process and trickled down the company bottom line impacting a rise in earnings per share.
Wisconsin Energy earnings per share has grown by 46.5% in the recent quarter compared to the same quarter the prior year. The company has been demonstrating the positive pattern in growth in earnings per share which is expected to continue in the current fiscal year.
Wisconsin Energy return on equity has also grown when compared to that of the same quarter the prior year a sign of modest organization in the company. Despite the company’s stock being up in the present year it still lags that of other industry players as well as the S&P 500 index.
Wisconsin Energy Corp (NYSE:WEC) was up by 0.77% on Monday trading session closing at a high of $45.66