WEC Energy Group Inc (WEC) : Wealth Enhancement Advisory Services reduced its stake in WEC Energy Group Inc by 5.19% during the most recent quarter end. The investment management company now holds a total of 28,749 shares of WEC Energy Group Inc which is valued at $1,628,631 after selling 1,573 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.WEC Energy Group Inc makes up approximately 0.33% of Wealth Enhancement Advisory Services’s portfolio.
WEC Energy Group Inc opened for trading at $56.2 and hit $56.69 on the upside on Friday, eventually ending the session at $56.65, with a gain of 1.34% or 0.75 points. The heightened volatility saw the trading volume jump to 19,95,503 shares. Company has a market cap of $17,882 M.
Other Hedge Funds, Including , Dearborn Partners boosted its stake in WEC in the latest quarter, The investment management firm added 17,049 additional shares and now holds a total of 281,282 shares of WEC Energy Group Inc which is valued at $15,934,625. WEC Energy Group Inc makes up approx 1.47% of Dearborn Partners’s portfolio.Osborne Partners Capital Management reduced its stake in WEC by selling 3,565 shares or 18.99% in the most recent quarter. The Hedge Fund company now holds 15,206 shares of WEC which is valued at $893,961. WEC Energy Group Inc makes up approx 0.13% of Osborne Partners Capital Management’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.