** Shares of utility co WEC Energy Group WEC.N down 0.7% premarket to $104.96 as it seeks to raise capital
** Milwaukee, Wisconsin-based firm offering privately $700 mln 3-yr convertible bonds
** It plans to use net proceeds for general purposes, including repayment of short-term debt
** With ~319.1 mln shares outstanding, co has $33.7 bln market cap, per LSEG
** WEC shares on Weds closed down 1.5% at $105.73
** YTD, stock up 12% and outperforming S&P 500 Utilities index's .SPLRCU 6% advance
** 6 of 18 analysts rate stock "strong buy" or "buy", rest rate "hold" and median PT is $109.25, according to most recent LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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