Barclays Reiterates an 'Equalweight' on Wisconsin Energy (WEC); Strong Start to the Year

Barclays reiterates an 'Equalweight' on Wisconsin Energy (NYSE: WEC), raises PT from $31 to $33.

Barclays analyst says, "WEC reported Q1 '11 operating EPS of $0.72 v. our $0.67E and consensus of $0.66...WEC affirmed full-year EPS guidance of $2.05 - $2.10: We are maintaining our '11/'12E of $2.09/$2.27, respectively. The Company also indicated it will reassess its dividend policy, and opportunities for debt reduction and/or share repurchases mid-year, given its strong projected free cash flow position."

For more ratings news on Wisconsin Energy click here and for the rating history of Wisconsin Energy click here.

Shares of Wisconsin Energy closed at $31.61 yesterday.

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