Duff Phelps Investment Management Co buys $124,917,664 stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Duff Phelps Investment Management Co scooped up 297,785 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 3, 2016. The investment management firm now holds a total of 2,108,315 shares of WEC Energy Group Inc which is valued at $124,917,664.WEC Energy Group Inc makes up approximately 1.95% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Harfst Associates reduced its stake in WEC by selling 252 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 6,925 shares of WEC which is valued at $410,306. WEC Energy Group Inc makes up approx 0.26% of Harfst Associates’s portfolio.Parkwood reduced its stake in WEC by selling 4,591 shares or 22.77% in the most recent quarter. The Hedge Fund company now holds 15,571 shares of WEC which is valued at $922,582. WEC Energy Group Inc makes up approx 0.16% of Parkwood’s portfolio.Aperio Group boosted its stake in WEC in the latest quarter, The investment management firm added 25,043 additional shares and now holds a total of 169,806 shares of WEC Energy Group Inc which is valued at $9,884,407. WEC Energy Group Inc makes up approx 0.08% of Aperio Group’s portfolio.Louisiana State Employees Retirement System reduced its stake in WEC by selling 1,000 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 21,100 shares of WEC which is valued at $1,228,231. WEC Energy Group Inc makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.Miller Howard Investments Inc Ny boosted its stake in WEC in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 30,910 shares of WEC Energy Group Inc which is valued at $1,751,052. WEC Energy Group Inc makes up approx 0.03% of Miller Howard Investments Inc Ny’s portfolio.

WEC Energy Group Inc closed down -0.05 points or -0.08% at $60.03 with 23,21,270 shares getting traded on Tuesday. Post opening the session at $60.1, the shares hit an intraday low of $59.79 and an intraday high of $60.43 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 .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 .

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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