WEC Energy Group Inc (WEC) : Wbi Investments added new position in WEC Energy Group Inc during the most recent quarter end. The investment management firm now holds 511,723 shares of WEC Energy Group Inc which is valued at $31,962,219 , the company said in a statement filed on Aug 11, 2016 with the SEC.WEC Energy Group Inc makes up approximately 1.12% of Wbi Investments’s portfolio.
Other Hedge Funds, Including , Engineers Gate Manager Lp added WEC to its portfolio by purchasing 5,100 company shares during the most recent quarter which is valued at $318,546. WEC Energy Group Inc makes up approx 0.02% of Engineers Gate Manager Lp’s portfolio.Eaton Vance Management reduced its stake in WEC by selling 479 shares or 5.47% in the most recent quarter. The Hedge Fund company now holds 8,283 shares of WEC which is valued at $516,859.Wealth Architects boosted its stake in WEC in the latest quarter, The investment management firm added 987 additional shares and now holds a total of 5,746 shares of WEC Energy Group Inc which is valued at $358,550. WEC Energy Group Inc makes up approx 0.17% of Wealth Architects’s portfolio.Greenleaf Trust reduced its stake in WEC by selling 873 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 27,305 shares of WEC which is valued at $1,772,368. WEC Energy Group Inc makes up approx 0.05% of Greenleaf Trust’s portfolio.
WEC Energy Group Inc closed down -0.39 points or -0.63% at $61.21 with 10,17,480 shares getting traded on Tuesday. Post opening the session at $61.54, the shares hit an intraday low of $61.19 and an intraday high of $61.97 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, WEC Energy Group Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.55. The company had revenue of $1602.00 million for the quarter, compared to analysts expectations of $2063.35 million. The company’s revenue was up 61.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
WEC Energy GroupInc. formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service Peoples Gas North Shore Gas Michigan Gas Utilities and Minnesota Energy Resources among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric) Wisconsin Gas LLC (Wisconsin Gas) W.E. Power LLC (We Power) Integrys Energy Group Inc. and Integrys Holding Inc. among others.