Winch Advisory Services Lowers stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Winch Advisory Services reduced its stake in WEC Energy Group Inc by 0.94% during the most recent quarter end. The investment management company now holds a total of 6,038 shares of WEC Energy Group Inc which is valued at $361,737 after selling 57 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.WEC Energy Group Inc makes up approximately 0.60% of Winch Advisory Services’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in WEC in the latest quarter, The investment management firm added 755 additional shares and now holds a total of 76,861 shares of WEC Energy Group Inc which is valued at $4.6 Million. WEC Energy Group Inc makes up approx 0.02% of Credit Agricole S A’s portfolio. United Capital Financial Advisers added WEC to its portfolio by purchasing 4,428 company shares during the most recent quarter which is valued at $265,281. Barometer Capital Management added WEC to its portfolio by purchasing 288,600 company shares during the most recent quarter which is valued at $17.3 Million. WEC Energy Group Inc makes up approx 1.63% of Barometer Capital Management’s portfolio.Td Asset Management Inc boosted its stake in WEC in the latest quarter, The investment management firm added 31,349 additional shares and now holds a total of 867,133 shares of WEC Energy Group Inc which is valued at $51.4 Million. WEC Energy Group Inc makes up approx 0.10% of Td Asset Management Inc’s portfolio. Checchi Capital Advisers added WEC to its portfolio by purchasing 2,503 company shares during the most recent quarter which is valued at $148,303. WEC Energy Group Inc makes up approx 0.04% of Checchi Capital Advisers’s portfolio.

WEC Energy Group Inc opened for trading at $58.68 and hit $58.68 on the upside on Friday, eventually ending the session at $58.51, with a gain of 0.15% or 0.09 points. The heightened volatility saw the trading volume jump to 44,60,613 shares. Company has a market cap of $18,468,506 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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