#2 - WEC Energy Group (NYSE:WEC)
WEC Energy Group (NYSE: WEC) - Speaking of dividends…utility stocks are always an attractive choice for long-term growth in any market because of their ability to pay a dividend. WEC is a small player but has seen its share price increase by nearly 80% in five years. That means $10,000 invested in 2014 would be worth almost $18,000 at present stock prices and that doesn't factor in the ability to reinvest dividends. The dividend yield for WEC is a modest 2.95%, but that's not what has caused it to grow. The secret, in WEC's case, is in its relative obscurity. WEC doesn’t face the same buying and selling pressures as larger utilities such as Duke Energy (NYSE: DUK) and Southern Co. (NYSE: SO), giving it the ability to grow at a comfortable pace. The downside for this stock is that it does trade within a defined range for quite some time before breaking out to the upside.
About WEC Energy Group
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.
Read More - Current Price
- $94.50
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $98.00 (3.7% Upside)
