Bahl Gaynor Inc buys $166,099,936 stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Bahl Gaynor Inc scooped up 689,885 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 10, 2016. The investment management firm now holds a total of 2,772,491 shares of WEC Energy Group Inc which is valued at $166,099,936.WEC Energy Group Inc makes up approximately 2.21% of Bahl Gaynor Inc’s portfolio.

Other Hedge Funds, Including , Blue Chip Partners boosted its stake in WEC in the latest quarter, The investment management firm added 1,057 additional shares and now holds a total of 25,483 shares of WEC Energy Group Inc which is valued at $1,526,687. WEC Energy Group Inc makes up approx 0.74% of Blue Chip Partners’s portfolio.Opus Capital Group boosted its stake in WEC in the latest quarter, The investment management firm added 2,250 additional shares and now holds a total of 16,570 shares of WEC Energy Group Inc which is valued at $981,773. WEC Energy Group Inc makes up approx 0.22% of Opus Capital Group’s portfolio. Amica Pension Fund Board Of Trustees sold out all of its stake in WEC during the most recent quarter. The investment firm sold 4,563 shares of WEC which is valued $270,358.Parkside Financial Bank Trust boosted its stake in WEC in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 7,483 shares of WEC Energy Group Inc which is valued at $443,368. WEC Energy Group Inc makes up approx 0.22% of Parkside Financial Bank Trust’s portfolio.Oppenheimer Co Inc boosted its stake in WEC in the latest quarter, The investment management firm added 680 additional shares and now holds a total of 14,970 shares of WEC Energy Group Inc which is valued at $871,404. WEC Energy Group Inc makes up approx 0.03% of Oppenheimer Co Inc’s portfolio.

WEC Energy Group Inc opened for trading at $59.83 and hit $60.17 on the upside on Monday, eventually ending the session at $60.15, with a gain of 0.40% or 0.24 points. The heightened volatility saw the trading volume jump to 15,44,194 shares. Company has a market cap of $18,986 M.

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 Upgraded by UBS on May 9, 2016 to ” Neutral”, Firm has raised the Price Target to $ 58 from a previous price target of $53 .

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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