WEC Energy Group Inc (WEC) : Annex Advisory Services scooped up 15,520 additional shares in WEC Energy Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 37,690 shares of WEC Energy Group Inc which is valued at $2,233,133.WEC Energy Group Inc makes up approximately 0.64% of Annex Advisory Services’s portfolio.
WEC Energy Group Inc closed down -0.72 points or -1.20% at $59.25 with 24,92,970 shares getting traded on Friday. Post opening the session at $59.94, the shares hit an intraday low of $58.74 and an intraday high of $59.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Tiemann Investment Advisors reduced its stake in WEC by selling 397 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 4,540 shares of WEC which is valued at $268,995. WEC Energy Group Inc makes up approx 0.27% of Tiemann Investment Advisors’s portfolio. Pitcairn Co added WEC to its portfolio by purchasing 3,821 company shares during the most recent quarter which is valued at $222,420. WEC Energy Group Inc makes up approx 0.03% of Pitcairn Co’s portfolio.Whittier Trust Co reduced its stake in WEC by selling 118 shares or 9.12% in the most recent quarter. The Hedge Fund company now holds 1,176 shares of WEC which is valued at $68,455.Raymond James Trust N.a. reduced its stake in WEC by selling 1,081 shares or 5.85% in the most recent quarter. The Hedge Fund company now holds 17,395 shares of WEC which is valued at $985,427. WEC Energy Group Inc makes up approx 0.09% of Raymond James Trust N.a.’s portfolio.
On the company’s financial health, WEC Energy Group Inc reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.01. The company had revenue of $2194.80 million for the quarter, compared to analysts expectations of $2553.66 million. The company’s revenue was up 58.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 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.