Buy WEC Stock

We had success earlier this year owning utility WEC Energy Group, Inc. (WEC), with the stock quickly reaching our target price. With utilities selling off on what has become a “risk-on” environment as traders have sought more aggressive plays, the stock is back close to my original recommendation price, and I am once again advocating purchase of shares.

Growth in renewables should enable WEC to realize mid-single digit EPS gains, and the 3.6% dividend yield should help drive solid total returns. WEC Energy is a buy under $93, my target is $100. I will have more details in next week’s issue.

Buy WEC stock under $93, my target is $100.