Large Outflow of Money Witnessed in WEC Energy Group

WEC Energy Group (NYSE:WEC) traded on a positive note gaining 0.21 points or 0.34% to be valued at $62.53 per share. Intraday, the shares aggregated $16.3 million in upticks but saw an exodus of $19.54 million in downticks. The net money flow was calculated to be $(-3.25) million with the final up/down ratio coming in at 0.83. The share price has seen a change of 1.64% in value during the week. Block trade of up/down ratio of 0.22 was also registered with $0.63 million in upticks and $2.82 million in downticks. The net money flow for the block exchange was disappointing at $(-2.19) Million.


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%. On the companys insider trading activities, The director, of Wec Energy Group, Inc., Klappa Gale E had unloaded 22,000 shares at $61.53 per share in a transaction on June 3, 2016. The total value of transaction was $1,353,660. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

WEC Energy Group (NYSE:WEC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.02% at $62.52 with 2,020,397 shares getting traded. Post opening the session at $62.62, the shares hit an intraday low of $62.35 and an intraday high of $62.88 and the price was in this range throughout the day. The company has a market cap of $19,734 million and the number of outstanding shares have been calculated to be 315,647,210 shares. The 52-week high of WEC Energy Group (NYSE:WEC) is $62.88 and the 52-week low is $44.93.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, UBS upgrades its rating on WEC Energy Group (NYSE:WEC).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Sell by the brokerage firm. In a recent information released to the investors, UBS raises the new price target from $53 per share to $58 per share. The rating by the firm was issued on May 9, 2016.

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.

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