WEC Energy Group Inc (WEC) : Keystone Financial Planning reduced its stake in WEC Energy Group Inc by 1.45% during the most recent quarter end. The investment management company now holds a total of 107,251 shares of WEC Energy Group Inc which is valued at $6.3 Million after selling 1,580 shares in WEC Energy Group Inc according to a report filed by the company on Apr 5, 2016 with the SEC.WEC Energy Group Inc makes up approximately 4.51% of Keystone Financial Planning’s portfolio.
Other Hedge Funds, Including , West Oak Capital boosted its stake in WEC in the latest quarter, The investment management firm added 16,765 additional shares and now holds a total of 22,780 shares of WEC Energy Group Inc which is valued at $1.3 Million. WEC Energy Group Inc makes up approx 1.04% of West Oak Capital’s portfolio. Pensionfund Sabic added WEC to its portfolio by purchasing 26,000 company shares during the most recent quarter which is valued at $1.5 Million. WEC Energy Group Inc makes up approx 0.47% of Pensionfund Sabic’s portfolio. Pensionfund Dsm Netherlands added WEC to its portfolio by purchasing 58,000 company shares during the most recent quarter which is valued at $3.4 Million. WEC Energy Group Inc makes up approx 0.46% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, WEC Energy Group Inc reported $0.63 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.63. The company had revenue of $1848.30 million for the quarter, compared to analysts expectations of $2237.89 million. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on WEC Energy Group Inc. Company shares were Reiterated by Mizuho on Feb 8, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $54 .Company shares were Downgraded by Deutsche Bank on Feb 5, 2016 to ” Hold”, Firm has raised the Price Target to $ 57 from a previous price target of $56 .Shares were Reiterated by Barclays on Feb 5, 2016 to “Equal Weight” and Lowered the Price Target to $ 57 from a previous price target of $61 .
WEC Energy Group Inc closed down -0.2 points or -0.34% at $58.73 with 19,98,569 shares getting traded on Monday. Post opening the session at $59, the shares hit an intraday low of $58.7 and an intraday high of $59.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.