Wisconsin Energy (WEC) 11/20/09 PriceWatch Alert Targets 6.31% Return
Posted: Friday, November 20, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Wisconsin Energy (NYSE: WEC) closed yesterday at $44.44. So far the stock has hit a 52-week low of $36.31 and 52-week high of $46.50. Wisconsin Energy stock has been showing support around 43.86 and resistance in the 45.12 range. Technical indicators for the stock are Neutral and S&P gives WEC a neutral 3 STAR (out of 5) hold rating. WEC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 42.50 covered call (WEC DV) for a net debit in the $41.44 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 6.75% downside protection and a 2.56% assigned return rate for a 6.31% annualized return rate (comparison purposes only). Wisconsin Energy has a current annual dividend yield of 3.01%. [FBB-Seven Summits Research]
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