New England Investment Retirement Group adds WEC Energy Group Inc (WEC) to its portfolio

WEC Energy Group Inc (WEC) : New England Investment Retirement Group added new position in WEC Energy Group Inc during the most recent quarter end. The investment management firm now holds 58,356 shares of WEC Energy Group Inc which is valued at $3,430,749 , the company said in a statement filed on Apr 14, 2016 with the SEC.WEC Energy Group Inc makes up approximately 1.87% of New England Investment Retirement Group’s portfolio.

WEC Energy Group Inc opened for trading at $58.71 and hit $59.14 on the upside on Monday, eventually ending the session at $59.14, with a gain of 0.60% or 0.35 points. The heightened volatility saw the trading volume jump to 9,72,031 shares. Company has a market cap of $18,668 M.

Other Hedge Funds, Including , Oakbrook Investments boosted its stake in WEC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 18,984 shares of WEC Energy Group Inc which is valued at $1,116,069. WEC Energy Group Inc makes up approx 0.07% of Oakbrook Investments’s portfolio.Churchill Management Corp boosted its stake in WEC in the latest quarter, The investment management firm added 23,728 additional shares and now holds a total of 184,697 shares of WEC Energy Group Inc which is valued at $10,858,337. WEC Energy Group Inc makes up approx 0.76% of Churchill Management Corp’s portfolio.Creative Planning reduced its stake in WEC by selling 572 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 37,522 shares of WEC which is valued at $2,203,667. WEC Energy Group Inc makes up approx 0.02% of Creative Planning’s portfolio.Chevy Chase Trust Holdings boosted its stake in WEC in the latest quarter, The investment management firm added 7,235 additional shares and now holds a total of 270,094 shares of WEC Energy Group Inc which is valued at $15,862,621. WEC Energy Group Inc makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.Curbstone Financial Management Corp reduced its stake in WEC by selling 200 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 9,556 shares of WEC which is valued at $561,224. WEC Energy Group Inc makes up approx 0.19% of Curbstone Financial Management Corp’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 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.

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