WEC Energy Group (WEC) : Investors lapped up stocks on upticks to the tune of $9.38 million in the Mondays trading session. The trading value on downticks was comparatively at $8.53 million and the uptick to downtick ratio of 1.1 indicates continuous buying by the bulls. The net money flow into the stock was $0.85 million. The block trades were dominated by the bulls with a healthy 2.26, uptick to downtick ratio. Only $0.92 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $2.08 clearly indicating buying by large investors. The total money flow for block trades stood at $1.16 million, which is a positive for the stock in the long-term. WEC Energy Group (WEC) fell $0.88 during the day at $61.58, a drop of -1.41% over the previous days close. However, for the week, the stock is -1.6%, compared to the previous week.
WEC Energy Group, Inc. has lost 1.16% in the last five trading days and dropped 3.6% in the last 4 weeks. WEC Energy Group, Inc. is up 2.51% in the last 3-month period. Year-to-Date the stock performance stands at 22.22%.
WEC Energy Group (NYSE:WEC): The stock opened at $62.53 on Monday but the bulls could not build on the opening and the stock topped out at $62.67 for the day. The stock traded down to $61.14 during the day, due to lack of any buying support eventually closed down at $61.17 with a loss of -2.07% for the day. The stock had closed at $62.46 on the previous day. The total traded volume was 1,807,232 shares.
In a related news, The officer (Exec. VP – Generation), of Wec Energy Group, Inc., Metcalfe Tom had unloaded 10,090 shares at $63.21 per share in a transaction on August 5, 2016. The total value of transaction was $637,789. The Insider information was revealed by 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.