WEC Energy Group (WEC) stock had a bullish inflow of $15.53 million worth of trades on uptick and an outflow of $9.18 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.69. The net money flow into the stock was $6.35 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $6.54 million. $6.54 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, WEC Energy Group (WEC) stock traded down $0.15 , and reached $64.02, a drop of -0.23% over the previous day. On a weekly basis, the stock is 0.09%, over the previous weeks close.
Also, 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 (NYSE:WEC): The stock opened at $64.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $64.48 for the day. The stock traded down to $63.77 during the day, due to lack of any buying support eventually closed down at $64.02 with a loss of -0.23% for the day. The stock had closed at $64.17 on the previous day. The total traded volume was 1,076,662 shares.
The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 3.19%. In a related news,The director of Wec Energy Group, Inc., Klappa Gale E sold 22,000 shares at $61.53 on June 3, 2016. The Insider selling transaction had a total value worth of $1,353,660. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.