WEC Energy Group Inc
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Utilities : Multi-Utilities | Large Cap Value
Company profile

WEC Energy Group, Inc. was a diversified holding company with natural gas and electric utility operations, an approximately 60% equity ownership interest in American Transmission Company LLC, and non-utility electric operations through its We Power business, as of December 31, 2016. Its segments include Wisconsin; Illinois; Other States; Electric Transmission; We Power, and Corporate and Other. Wisconsin includes the electric and natural gas utility operations of Wisconsin Electric Power Company, Wisconsin Gas LLC, and Wisconsin Public Service Corporation, including WE's and WPS's electric and natural gas operations in the state of Michigan. Illinois includes the natural gas utility and non-utility operations of The Peoples Gas Light and Coke Company and North Shore Gas Company. Other states includes the natural gas utility and non-utility operations of Minnesota Energy Resources Corporation and Michigan Gas Utilities Corporation.

Closing Price
$90.17
Day's Change
0.84 (0.94%)
Bid
--
Ask
--
B/A Size
--
Day's High
90.86
Day's Low
89.67
Volume
(Light)
Volume:
979,909

10-day average volume:
1,819,218
979,909

Texas Roadhouse stock soars after earnings show same-store sales momentum

8:39 am ET February 21, 2020 (MarketWatch)
Print

Texas Roadhouse Inc. (TXRH) shares soared 10% in Friday premarket trading after earnings beat expectations (http://www.marketwatch.com/story/texas-roadhouse-stock-up-7-after-q4-beat-dividend-hike-2020-02-20). Analysts highlight the same-store sales momentum at the restaurant chain. "The company is sustaining powerful comp outperformance (positive traffic) while delivering improved margin flow through improved labor cost management and disciplined G&A (flat dollars year-over-year in the second half of 2020)," wrote Raymond James in a note. Raymond James rates Texas Roadhouse stock strong buy and raised its price target to $75 from $72. Texas Roadhouse reported 4.4% same-store sales growth at company-owned restaurants in the fourth quarter and 3.4% growth at U.S. franchises. For the first-quarter to date, Wedbush says same-store sales have grown 6.4%. Moreover, prices will go up in March, which analysts say will drive further upside. Wedbush rates Texas Roadhouse stock outperform with a $79 price target, up from $74. Texas Roadhouse shares have gained 4.4% over the past year, and 15% over the past three months. The S&P 500 index is up 21.6% over the last 12 months.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 21, 2020 08:39 ET (13:39 GMT)

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