Large Outflow of Money Witnessed in WEC Energy Group

WEC Energy Group (WEC) : The total money flow in WEC Energy Group (WEC) was negative ($11.32 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $23.73 million. Transactions on upticks were comparatively lower at $12.41 million. The uptick to downtick ratio was 0.52. The total block trades done on upticks were valued at $1.16 million. The total block trades on downticks were valued at $12.79 million. The uptick to the downtick ratio of block trades was 0.09. The money flow during block trades was negative ($11.63 million) when the stock traded with a gain of $66 cent. WEC Energy Group (WEC) was $65.38, an increase of 1.02% over the previous days close.


WEC Energy Group (WEC) stock is expected to deviate a maximum of $4.58 from the average target price of $61 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $68 and the most muted being $56.

WEC Energy Group (NYSE:WEC): stock turned positive on Friday. Though the stock opened at $64.75, the bulls momentum made the stock top out at $65.52 level for the day. The stock recorded a low of $64.67 and closed the trading day at $65.39, in the green by 1.04%. The total traded volume for the day was 1,529,388. The stock had closed at $64.72 in the previous days trading.

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.

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