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Wisconsin Energy Corp. Message Board

  • purplebears purplebears Apr 24, 2013 1:40 PM Flag

    2014 Stock Split?

    If WEC continues on its current upward trend, I would think that the board would consider some form of a stock split if we enter the $50-$55 range. Perhaps sometime next year, 2014.

    Sentiment: Hold

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    • What drives this stock to $50-$55 range. It is already trading at 18X 2013 earnings based on today's closing price.
      2014 earnings estimate is only $2.55/share a rise of only 5%. Companies growing at 5% do not trade at these high rates over a sustained period of time and it will take years for the stock price to catch up to the price.

      It is happening to all the Utilities, but I think we are approaching the limits of the PE expansion. Most of this huge run over the past few years has been based on PE expansion. In a market with government securities yielding reasonable rates this stock would not trade over $30 and that is stretching it a bit.

54.55+0.99(+1.85%)Dec 26 4:03 PMEST

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