WEC Energy Group (WEC) has caught the attention of several brokerages recently, with varying recommendations and assessments. JPMorgan Chase & Co. upgraded the company's price objective to $99.00 and gave it a "neutral" rating. Guggenheim, on the other hand, lowered the price objective to $94.00. Mizuho reiterated a "buy" rating with a target price of $98.00, while Evercore ISI revised their target price down to $91.00. BMO Capital Markets also lowered their price target to $95.00 and assigned a "market perform" rating. With such contrasting opinions, investors may be left wondering what course of action to take.

In a separate announcement, WEC Energy Group revealed that it will be paying a quarterly dividend on September 1st. Shareholders who were listed as owners on record by August 14th will receive a dividend of $0.78 per share, representing an annualized dividend of $3.12 and a dividend yield of approximately 3.63%. The company's impressive payout ratio of 72.73% should also be noted.

Overall, the mixed recommendations and assessments by analysts may leave investors feeling uncertain about WEC Energy Group. However, each opinion offers valuable insights and should be considered in the context of an investor's own research and risk tolerance.

Source:

- JPMorgan Chase & Co. (August 16th report)

- Guggenheim (July 7th report)

- Mizuho (June 30th report)

- Evercore ISI (June 9th report)

- BMO Capital Markets (August 2nd report)

- WEC Energy Group (dividend announcement)