WEC Energy Group Inc (WEC) : Harvest Capital Management Inc scooped up 140 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 13, 2016. The investment management firm now holds a total of 10,484 shares of WEC Energy Group Inc which is valued at $628,096.WEC Energy Group Inc makes up approximately 0.29% of Harvest Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in WEC by selling 631,929 shares or 8.2% in the most recent quarter. The Hedge Fund company now holds 7,076,368 shares of WEC which is valued at $423.9 Million. WEC Energy Group Inc makes up approx 1.15% of Caisse De Depot Et Placement Du Quebec’s portfolio.Dean Investment Associates boosted its stake in WEC in the latest quarter, The investment management firm added 592 additional shares and now holds a total of 15,797 shares of WEC Energy Group Inc which is valued at $946,398. WEC Energy Group Inc makes up approx 0.20% of Dean Investment Associates’s portfolio. Emerson Investment Management added WEC to its portfolio by purchasing 3,610 company shares during the most recent quarter which is valued at $216,275. WEC Energy Group Inc makes up approx 0.04% of Emerson Investment Management’s portfolio. Ci Global Investments added WEC to its portfolio by purchasing 250 company shares during the most recent quarter which is valued at $14,813.
WEC Energy Group Inc closed down -0.12 points or -0.20% at $58.75 with 14,82,762 shares getting traded on Wednesday. Post opening the session at $58.55, the shares hit an intraday low of $58.23 and an intraday high of $58.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 .
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.