Wec Energy Group, Inc. (WEC): Gale E Klappa , director of Wec Energy Group, Inc. sold 212,735 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $59.95 per share for a total value of $12750222 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 4, 2016, Charles R Matthews (President & CEO – PGL/NSG) sold 28,490 shares at $59.58 per share price.On Mar 7, 2016, Robert M Garvin (Exec Vice President – Ext Affs) sold 1,579 shares at $55.33 per share price.Also, On Feb 25, 2016, Barbara L Bowles (director) sold 2,000 shares at $57.29 per share price.On Feb 25, 2016, Allen L Leverett (President) sold 31,000 shares at $57.59 per share price.
Shares of WEC Energy Group Inc (WEC) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.08% at $60.03 with 23,21,270 shares getting traded. Post opening the session at $60.1, the shares hit an intraday low of $59.79 and an intraday high of $60.43 and the price vacillated in this range throughout the day. The company has a market cap of $18,948 M and the number of outstanding shares has been calculated to be 31,56,47,210 shares. The 52-week high of WEC Energy Group Inc is $60.505 and the 52-week low is $44.93.
Company has been under the radar of several Street Analysts.WEC Energy Group Inc is Upgraded by UBS to Neutral and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $53 .Earlier the firm had a rating of Sell on the company shares. The Rating was issued on May 9, 2016.
WEC Energy GroupInc. formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service Peoples Gas North Shore Gas Michigan Gas Utilities and Minnesota Energy Resources among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric) Wisconsin Gas LLC (Wisconsin Gas) W.E. Power LLC (We Power) Integrys Energy Group Inc. and Integrys Holding Inc. among others.