WEC Energy Group, Inc. (WEC) on Focus After Trading At All-Time Highs

WEC Energy Group, Inc. (NYSE:WEC) Logo

Investors sentiment increased to 1 in Q1 2019. Its up 0.40, from 0.6 in 2018Q4. It is positive, as 2 investors sold WEC Energy Group, Inc. shares while 1 reduced holdings. 0 funds opened positions while 3 raised stakes. 137,054 shares or 8.18% less from 149,260 shares in 2018Q4 were reported.
72,541 are held by Gulf State Bank (Uk). Fishman Jay A Mi invested 0% of its portfolio in WEC Energy Group, Inc. (NYSE:WEC). Prudential Pcl holds 0.01% or 24,965 shares in its portfolio. West Oak Capital Limited Liability Corp stated it has 0.31% in WEC Energy Group, Inc. (NYSE:WEC). Gemmer Asset Management Ltd Limited Liability Company holds 0% in WEC Energy Group, Inc. (NYSE:WEC) or 219 shares. Bruce & Inc holds 23,124 shares. Balasa Dinverno Foltz Ltd Liability Com owns 5,850 shares or 0.06% of their US portfolio.

The stock of WEC Energy Group, Inc. (NYSE:WEC) reached all time high today, Aug, 15 and still has $97.95 target or 8.00 % above today’s $90.69 share price. This indicates more upside for the $28.61B company. This technical setup was reported by Barchart.com. If the $97.95 PT is reached, the company will be worth $2.29 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.02% or $1.8 during the last trading session, reaching $90.69. About 1.52 million shares traded. WEC Energy Group, Inc. (NYSE:WEC) has risen 31.07% since August 15, 2018 and is uptrending. It has outperformed by 31.07% the S&P500.

WEC Energy Group, Inc. (NYSE:WEC) Ratings Coverage

Among 2 analysts covering WEC Energy Group (NYSE:WEC), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. WEC Energy Group has $85 highest and $7600 lowest target. $84’s average target is -7.38% below currents $90.69 stock price. WEC Energy Group had 5 analyst reports since April 8, 2019 according to SRatingsIntel. The rating was downgraded by Bank of America to “Sell” on Monday, June 24. Credit Suisse downgraded the stock to “Underperform” rating in Wednesday, August 7 report.

More notable recent WEC Energy Group, Inc. (NYSE:WEC) news were published by: Prnewswire.com which released: “WEC Energy Group declares quarterly dividend – PRNewswire” on July 18, 2019, also Finance.Yahoo.com with their article: “Is WEC Energy Group, Inc. (WEC) A Good Stock To Buy ? – Yahoo Finance” published on June 23, 2019, Businesswire.com published: “MGE, We Energies Announce Plan for Expanded Solar Partnership – Business Wire” on August 01, 2019. More interesting news about WEC Energy Group, Inc. (NYSE:WEC) were released by: Finance.Yahoo.com and their article: “See what the IHS Markit Score report has to say about WEC Energy Group Inc. – Yahoo Finance” published on July 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “What Type Of Shareholder Owns WEC Energy Group, Inc.’s (NYSE:WEC)? – Yahoo Finance” with publication date: July 05, 2019.

WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company has market cap of $28.61 billion. The firm operates through Wisconsin, Illinois, Other States, Electric Transmission, We Power, and Corporate and Other divisions. It has a 26.29 P/E ratio. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass.

WEC Energy Group, Inc. (NYSE:WEC) Ratings Chart

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