Large Outflow of Money Witnessed in WEC Energy Group

WEC Energy Group (WEC): The stock had negative money flow to the tune of ($2.1 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $4.39 million, whereas, the outflow of money on downticks was $6.5 million and the ratio between the two was 0.68. The block trade had a negative net money flow of ($1.72 million). On the other hand, downticks amounted to $1.72 million of the traded value, which shows distribution in the stock by traders. WEC Energy Group (WEC) closed with marginal gains of 23 cents to end the day at $60.05, an increase of 0.38% over the previous days close. The stock recorded 0.62% for the week.


The company Insiders own 0.81% of WEC Energy Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.97% . Institutional Investors own 70.86% of WEC Energy Group shares. During last six month period, the net percent change held by insiders has seen a change of -13.97%.

In a related news,The officer (Exec Vice President – Ext Affs) of Wec Energy Group, Inc., Garvin Robert M sold 19,225 shares at $61.62 on August 18, 2016. The Insider selling transaction had a total value worth of $1,184,645. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

WEC Energy Group (NYSE:WEC): The stock opened at $59.74 and touched an intraday high of $60.61 on Friday. During the day, the stock corrected to an intraday low of $59.69, however, the bulls stepped in and pushed the price higher to close in the green at $60.56 with a gain of 1.24% for the day. The total traded volume for the day was 1,639,388. The stock had closed at $59.82 in the previous trading session.

WEC Energy Group (WEC) has been under a strong bear grip, hence the stock is down -3.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.97% in the past 1 week. The stock has risen by 1.47% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.23% in the past 4 weeks.

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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