What Will Happen to WEC Energy Group, Inc. (WEC) Next? The Stock Just Reaches All Time High

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

Investors sentiment increased to 1 in 2019 Q1. 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.
Gulf Int Fincl Bank (Uk) Limited owns 72,541 shares. Balasa Dinverno And Foltz Limited Liability Com holds 0.06% of its portfolio in WEC Energy Group, Inc. (NYSE:WEC) for 5,850 shares. Fishman Jay A Ltd Mi holds 4,000 shares. Bruce And holds 0.36% or 23,124 shares. Gemmer Asset Mgmt Ltd Limited Liability Company reported 0% of its portfolio in WEC Energy Group, Inc. (NYSE:WEC). West Oak Capital accumulated 6,355 shares. Prudential Plc invested in 24,965 shares.

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 1.52M 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 company was downgraded on Monday, June 24 by Bank of America. 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 report details pathway to cleaner energy future – PRNewswire” on April 18, 2019, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Spotify Technology S.A. (SPOT) – Yahoo Finance” published on June 10, 2019, Prnewswire.com published: “WEC Energy Group acquires 80 percent ownership in Coyote Ridge Wind Farm – PRNewswire” on January 08, 2019. More interesting news about WEC Energy Group, Inc. (NYSE:WEC) were released by: Finance.Yahoo.com and their article: “What Type Of Shareholder Owns WEC Energy Group, Inc.’s (NYSE:WEC)? – Yahoo Finance” published on July 05, 2019 as well as Seekingalpha.com‘s news article titled: “WEC Energy Q2 2019 Earnings Preview – Seeking Alpha” with publication date: August 04, 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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