November 21, 2016 - By Peter Erickson · 0 Comments
The stock of Wec Energy Group Incorporated (NYSE:WEC) registered a decrease of 1.81% in short interest. WEC’s total short interest was 11.46 million shares in November as published by FINRA. Its down 1.81% from 11.67 million shares, reported previously. With 1.93 million shares average volume, it will take short sellers 6 days to cover their WEC’s short positions. The short interest to Wec Energy Group Incorporated’s float is 3.64%. About 310,515 shares traded hands. WEC Energy Group Inc (NYSE:WEC) has declined 6.10% since April 19, 2016 and is downtrending. It has underperformed by 9.96% the S&P500.
WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The company has a market cap of $17.57 billion. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. It has a 19.1 P/E ratio. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility activities of Wisconsin Electric Power Company , Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas activities in the state of Michigan.
Insitutional Activity: The institutional sentiment increased to 0.57 in 2016 Q2. Its up 0.07, from 0.5 in 2016Q1. The ratio increased, as 3 funds sold all WEC Energy Group Inc shares owned while 3 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 503,583 shares or 9.56% less from 556,790 shares in 2016Q1.
West Oak Capital Ltd Liability Company has 0% invested in the company for 23,635 shares. Huntington National Bank & Trust accumulated 34,631 shares or 0.04% of the stock. Lmr Prtn Llp accumulated 0.07% or 6,582 shares. Westport Management has 0% invested in the company for 212 shares. South Street Advsrs Ltd holds 227,400 shares or 4.67% of its portfolio. Bruce And holds 24,252 shares or 0.4% of its portfolio. Fishman Jay A Ltd Mi holds 10,605 shares or 0% of its portfolio. Balasa Dinverno Foltz Ltd Limited Liability Company reported 6,227 shares or 0.07% of all its holdings. Gulf Savings Bank (Uk) Limited holds 0.1% of its portfolio in WEC Energy Group Inc (NYSE:WEC) for 93,685 shares. Gemmer Asset Mngmt Limited Liability Com, a California-based fund reported 115 shares. Prudential Plc holds 0.01% or 23,400 shares in its portfolio. Winch Advisory Services Ltd Com accumulated 0.48% or 6,088 shares. Moreover, Ashford Capital Management has 0.11% invested in WEC Energy Group Inc (NYSE:WEC) for 7,313 shares. Vantage Invest Limited Liability Company accumulated 6,194 shares or 0.17% of the stock. America First Advisors Limited Company has 0.04% invested in the company for 1,428 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 8 selling transactions for $11.88 million net activity. PAYNE ULICE JR also sold $275,181 worth of WEC Energy Group Inc (NYSE:WEC) shares. 10,090 shares with value of $634,113 were sold by Metcalfe Tom on Friday, August 5. Shafer Joan M sold 15,990 shares worth $938,119. Another trade for 25,000 shares valued at $1.50M was sold by KLAPPA GALE E. On Thursday, August 18 the insider Garvin Robert M sold $1.18 million. LEVERETT ALLEN L sold $1.72M worth of WEC Energy Group Inc (NYSE:WEC) on Thursday, August 4. Martin Susan H. had sold 40,000 shares worth $2.60 million on Friday, July 29.
Out of 9 analysts covering Wisconsin Energy Corporation (NYSE:WEC), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Wisconsin Energy Corporation has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Wolfe Research given on Thursday, July 30. UBS downgraded WEC Energy Group Inc (NYSE:WEC) on Monday, October 26 to “Sell” rating. The stock has “Hold” rating given by Deutsche Bank on Friday, February 5. The firm earned “Buy” rating on Monday, September 14 by Argus Research. The stock has “Conviction Buy List” rating given by Goldman Sachs on Monday, August 31. Goldman Sachs upgraded WEC Energy Group Inc (NYSE:WEC) on Tuesday, July 28 to “Buy” rating. Mizuho maintained the shares of WEC in a report on Monday, February 8 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, January 27 by Goldman Sachs. The stock has “Outperform” rating given by Wells Fargo on Tuesday, September 8. UBS upgraded WEC Energy Group Inc (NYSE:WEC) on Monday, May 9 to “Neutral” rating.
WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, incorporated on June 26, 1981, is a holding company, which has electric and natural gas utility operations. The Firm serves clients in Wisconsin, Illinois, Michigan and Minnesota. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s subsidiaries provide regulated natural gas and electricity, as well as non-regulated renewable energy.
More recent WEC Energy Group Inc (NYSE:WEC) news were published by: Prnewswire.com which released: “WEC Energy Group posts third-quarter results” on October 26, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: MSCI, Tractor Supply and WEC Energy Group” on November 07, 2016. Nasdaq.com‘s news article titled: “WEC Energy Group, Inc. (WEC) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 2016 was also an interesting one.
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By Peter Erickson