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Wisconsin Energy Corporation (WEC)

  • Jun. 24, 2014, 2:55 PM
    • Wisconsin Energy (WEC +1.9%) regains some of yesterday's 3.5% loss following its acquisition of Integrys (TEG +1.5%) for $71.47/share, which represents a 17.3% premium to Friday's closing price.
    • Wells Fargo upgrades WEC to Outperform and raises its target price for shares to $50-$51 from $49-$50, believing the deal makes strategic sense given synergies associated with geographic fit and potential opportunities via an increased ownership in Wisconsin transmission grid owner ATC; however, CRT Capital cuts its WEC target price to $44 from $48, citing subsequent increased regulatory risk and potential year-long overhang (
    • For TEG shareholders, the deal brings a healthy 17% premium and they’re getting shares in a very solid company, says Morningstar's Charles Fishman.
  • Mar. 27, 2014, 5:45 PM
    • Top gainers, as of 5:15 p.m.: RH +9.3%. VRS +7.9%. PAMT +4.8%. JMLP +3.9%. WTW +3.4%.
    • Top losers, as of 5:15 p.m.: CZR -5.8%. BVN -4.9%. WEC -4.6%. MTDR -3.7%. CRK -3.7%.
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  • Mar. 4, 2014, 10:43 AM
    • Utilities that meet takeover criteria outlined by Warren Buffett this weekend for another “major” acquisition after paying more than $5B last year for electricity provider NV Energy include Wisconsin Energy (WEC +1.8%) and Alliant Energy (LNT +1.1%), Bloomberg speculates.
    • WEC and LNT operate in states with favorable regulatory environments, and LNT is expanding into renewable energy, which Buffett has signaled could be a focus for large investments, according to Morningstar; pipeline MLPs such as Plains All American (PAA) and MarkWest Energy (MWE) also could appeal to Buffett, a Baird analyst says.
    • Berkshire Hathaway (BRK.A, BRK.B) “is likely looking at a lot of small, regulated utilities that have a lot of growth on the table where his low cost of capital is an incredible advantage,” Morningstar's Mark Barnett says.
  • May 29, 2013, 2:41 PM
    Small and mid-cap regulated utilities with high dividend yields are trading slightly lower as investors rotate positions on rising treasury yields: CNL -1.7%, EE -2.1%, GXP -1.7%, PNW -2.4%, POR -2.5%, SCG -1.9%, NVE -2.8%, WEC -2.5%, WR -2.6%, AWK -1.7%.
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  • Dec. 7, 2011, 9:41 AM
    Alliant Energy's (LNT +1.4%) recent moves to revise provisions for executive pay and employee retirement plans in case of a takeover sparks speculation that the operator of power plants in Wisconsin and Iowa could sell itself to Berkshire Hathaway (BRK.A) or Wisconsin Energy (WEC).
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Company Description
Wisconsin Energy Corp is an energy holding company. The Company, through its subsidiaries, provides utility services such as distributing electric, gas, steam, and water.
Sector: Utilities
Country: United States