Aggressive’ Bullish Options Activity Seen in WEC Energy Group Inc

 Aggressive' Bullish Options Activity Seen in WEC Energy Group Inc

In today’s session WEC Energy Group Inc (WEC) registered an unusually high (275) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WEC increase. With 275 contracts traded and 5634 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WEC161118C00060000 closed last at: $0.6 or 33.3% down. About 293,895 shares traded hands. WEC Energy Group Inc (NYSE:WEC) has declined 3.32% since April 1, 2016 and is downtrending. It has underperformed by 4.53% the S&P500.

WEC Energy Group Inc (NYSE:WEC) Ratings Coverage

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. $63 is the highest target while $51.50 is the lowest. The $57.06 average target is -1.99% below today’s ($58.22) stock price. Wisconsin Energy Corporation has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Argus Research maintained WEC Energy Group Inc (NYSE:WEC) on Tuesday, January 19 with “Buy” rating. As per Friday, February 5, the company rating was downgraded by Deutsche Bank. Wolfe Research upgraded WEC Energy Group Inc (NYSE:WEC) on Thursday, July 30 to “Outperform” rating. As per Monday, October 26, the company rating was downgraded by UBS. The stock of WEC Energy Group Inc (NYSE:WEC) has “Buy” rating given on Monday, September 14 by Argus Research. Goldman Sachs downgraded WEC Energy Group Inc (NYSE:WEC) on Wednesday, January 27 to “Neutral” rating. Goldman Sachs upgraded it to “Conviction Buy List” rating and $52 target price in Monday, August 31 report. The company was maintained on Monday, February 8 by Mizuho. The stock of WEC Energy Group Inc (NYSE:WEC) has “Buy” rating given on Friday, September 18 by Mizuho. The firm has “Neutral” rating by UBS given on Monday, May 9.

According to Zacks Investment Research, “WEC Energy Group is the natural gas distribution company. WEC Energy Group, Inc., formerly known as Wisconsin Energy Corporation, is based in MILWAUKEE, United States.”

Insitutional Activity: The institutional sentiment decreased to 0.5 in 2016 Q2. Its down 0.50, from 1 in 2016Q1. The ratio fall, 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.
Vantage Inv Lc has 0.17% invested in the company for 6,194 shares. The Illinois-based Bruce And has invested 0.4% in WEC Energy Group Inc (NYSE:WEC). Moreover, Lmr Prtn Ltd Liability Partnership has 0.07% invested in WEC Energy Group Inc (NYSE:WEC) for 6,582 shares. Gemmer Asset Management Lc, a California-based fund reported 115 shares. Ashford Management reported 7,313 shares or 0.11% of all its holdings. Huntington Bank accumulated 34,631 shares or 0.04% of the stock. Fishman Jay A Limited Mi owns 10,605 shares or 0% of their US portfolio. Eqis has 25,858 shares for 0.12% of their US portfolio. Moreover, North Star Asset Mngmt has 0.04% invested in WEC Energy Group Inc (NYSE:WEC) for 5,958 shares. Prudential Public Ltd Com has invested 0.01% of its portfolio in WEC Energy Group Inc (NYSE:WEC). Moreover, South Street Lc has 4.67% invested in WEC Energy Group Inc (NYSE:WEC) for 227,400 shares. Gulf Int Comml Bank (Uk) has 93,685 shares for 0.1% of their US portfolio. Westport Resources Mgmt Inc has 0% invested in the company for 212 shares. Winch Advisory Llc holds 0.48% or 6,088 shares in its portfolio. West Oak Capital Ltd Com has invested 0% of its portfolio in WEC Energy Group Inc (NYSE:WEC).

Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 12 insider sales for $26.45 million net activity. On Monday, August 15 the insider PAYNE ULICE JR sold $275,181. Metcalfe Tom had sold 10,090 shares worth $634,113. On Thursday, August 4 LEVERETT ALLEN L sold $1.72M worth of the stock or 26,825 shares. 15,990 WEC Energy Group Inc (NYSE:WEC) shares with value of $938,119 were sold by Shafer Joan M. $12.75 million worth of WEC Energy Group Inc (NYSE:WEC) was sold by KLAPPA GALE E. $2.60 million worth of WEC Energy Group Inc (NYSE:WEC) shares were sold by Martin Susan H.. Garvin Robert M also sold $1.18 million worth of WEC Energy Group Inc (NYSE:WEC) on Thursday, August 18.

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 $18.21 billion. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. It has a 19.98 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.

WEC Company Profile

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 news for WEC Energy Group Inc (NYSE:WEC) were recently published by: Prnewswire.com, which released: “WEC Energy Group posts third-quarter results” on October 26, 2016. Prnewswire.com‘s article titled: “WEC Energy Group announces 2016 third-quarter earnings news release and …” and published on October 19, 2016 is yet another important article.

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