Curian Capital Lowers stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Curian Capital reduced its stake in WEC Energy Group Inc by 65.46% during the most recent quarter end. The investment management company now holds a total of 94,749 shares of WEC Energy Group Inc which is valued at $6,161,527 after selling 179,585 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.WEC Energy Group Inc makes up approximately 0.44% of Curian Capital’s portfolio.

Other Hedge Funds, Including , Laurel Wealth Advisors boosted its stake in WEC in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 8,308 shares of WEC Energy Group Inc which is valued at $540,269. WEC Energy Group Inc makes up approx 0.26% of Laurel Wealth Advisors’s portfolio.Stock Yards Bank Trust Co reduced its stake in WEC by selling 65 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 14,894 shares of WEC which is valued at $980,323. WEC Energy Group Inc makes up approx 0.13% of Stock Yards Bank Trust Co’s portfolio.

WEC Energy Group Inc closed down -0.12 points or -0.18% at $64.91 with 14,96,103 shares getting traded on Monday. Post opening the session at $64.63, the shares hit an intraday low of $63.87 and an intraday high of $64.98 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Leave a Reply

WEC Energy Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on WEC Energy Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.