WEC Energy Group (WEC) : Thursdays money flow data in WEC Energy Group (WEC) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $25.95 million, whereas, $19.17 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.35, in favor of the bulls. The total money flow into the stock was $6.79 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $5.15 million. The total value of block trades done on upticks was $6.8 million. The value of bearish trades on downticks was only $1.65 million.The up/down ratio in the block trades was a healthy 4.13 in favor of the bulls, suggesting strong buying in the stock by large traders. WEC Energy Group (WEC) fell $1.27 and traded at $64.38, down -1.93% for the day, over previous days close. On a weekly basis, the shares are -1.03% over the previous weeks close.
WEC Energy Group (WEC) : The highest short term price target forecast on WEC Energy Group (WEC) is $62 and the lowest target price is $56. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $59.6 with a standard deviation of $2.51. The stock has recorded a 20-day Moving Average of 1.32% and the 50-Day Moving Average is 5.67%.
WEC Energy Group (NYSE:WEC): The stock opened at $65.50 on Thursday but the bulls could not build on the opening and the stock topped out at $65.50 for the day. The stock traded down to $64.18 during the day, due to lack of any buying support eventually closed down at $64.38 with a loss of -1.93% for the day. The stock had closed at $65.65 on the previous day. The total traded volume was 2,290,982 shares.
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.