Wisconsin Energy Corp. Set to Hold Board Meeting Today (WEC)

J.P. Morgan has published its research report today on Wisconsin Energy Corp.

in anticipation of WEC's board meeting today. In a note to clients, J.P. Morgan writes, "We expect Wisconsin Energy to materially raise its dividend following its Board meeting scheduled for today. We also expect the company to boost its expected payout ratio target over time. We recommend buying WEC shares ahead of the event, although we are maintaining our Neutral rating because the shares already trade at a premium to their peers, which we believe is warranted." J.P. Morgan maintains its $60 price target on WEC. WEC is trading at $60.07.