Tuesday, September 21, 2010

Wisconsin Energy (NYSE:WEC) Upgraded by Goldman Sachs (NYSE:GS)

Commenting on several energy and utility companies, Goldman Sachs (NYSE:GS) ranked Wisconsin Energy (NYSE:WEC) among their favorites of those they took a look at.

Goldman raised Wisconsin Energy (NYSE:WEC) from "Neutral" to "BUY."

What was attractive to Goldman about the company was the raising of its estimates because of higher transmission earnings. They also said they're planning on increasing the dividend to a significant level sometime in the next several months.

Other companies Goldman upgraded and downgraded were El Paso Electric (NYSE:EE), which they upgraded to "Neutral," and Great Plains Energy (NYSE:GXP) which they downgraded to "Neutral."

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