WEC Energy Group (WEC) : During the past 4 weeks, traders have been relatively bearish on WEC Energy Group (WEC), hence the stock is down -3.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.25% relative to the S&P 500. The 4-week change in the price of the stock is -2.35% and the stock has fallen -0.19% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 1.04%. WEC Energy Group (NYSE:WEC): stock turned positive on Friday. Though the stock opened at $62.66, the bulls momentum made the stock top out at $62.92 level for the day. The stock recorded a low of $62.29 and closed the trading day at $62.46, in the green by 0.10%. The total traded volume for the day was 1,378,225. The stock had closed at $62.4 in the previous days trading.
The company Insiders own 0.81% of WEC Energy Group shares according to the proxy statements. Institutional Investors own 70.94% of WEC Energy Group shares. During last six month period, the net percent change held by insiders has seen a change of -15.69%. Also, Equity Analysts at the UBS upgrades the rating on WEC Energy Group (NYSE:WEC). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Sell. The Analysts at the ratings agency raises the price target from $53 per share to $58 per share. The rating by the firm was issued on May 9, 2016.
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.