WEC Energy Group (NYSE:WEC) has climbed 1.23% in the past week and advanced 8.19% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.45% and the outperformance has advanced to 7.2% for the last 4 weeks period.
WEC Energy Group (NYSE:WEC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.99 and $62.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.30, notching a gain of 0.25% for the day. The total traded volume was 2,635,193 . The stock had closed at $63.14 on the previous day.
The company shares have rallied 35.90% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $63.41 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $60.21 and the 200 Day Moving Average price is recorded at $56.47.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Wec Energy Group, Inc., Klappa Gale E had sold 22,000 shares worth of $1,353,660 in a transaction dated June 3, 2016. In this transaction, 22,000 shares were sold at $61.53 per share.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, UBS upgrades its outlook on WEC Energy Group (NYSE:WEC). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Sell. The brokerage firm raises the price target from $53 per share to $58 per share. The rating by the firm was issued on May 9, 2016. Currently the company Insiders own 0.81% of WEC Energy Group shares according to the proxy statements. Institutional Investors own 69.85% of WEC Energy Group shares. During last six month period, the net percent change held by insiders has seen a change of -10.14%.
WEC Energy Group,Inc., 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.