Wec Energy Group, Inc. (WEC) Files Form 4 Insider Selling : Gale E Klappa Sells 15,628 Shares

Wec Energy Group, Inc. (WEC): Gale E Klappa , director of Wec Energy Group, Inc. sold 15,628 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $60.40 per share for a total value of $943,843.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Allen L Leverett (President and CEO) sold 68,210 shares at $60.30 per share price.On Jun 2, 2016, Gale E Klappa (director) sold 25,000 shares at $60.19 per share price.Also, On May 26, 2016, Joan M Shafer (Exec VP-HR & Org Effectiveness) sold 15,990 shares at $58.67 per share price.On May 17, 2016, Tom Metcalfe (Exec. VP – Generation) sold 4,860 shares at $59.99 per share price.

WEC Energy Group Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in WEC Energy Group Inc which led to swings in the share price. The shares opened for trading at $60.78 and hit $61.81 on the upside , eventually ending the session at $61.52, with a gain of 2.23% or 1.34 points. The heightened volatility saw the trading volume jump to 14,98,131 shares. The 52-week high of the share price is $61.81 and the company has a market cap of $19,419 M . The 52-week low of the share price is at $44.93.

WEC Energy Group Inc Money Flow Index Chart

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.

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