First Heartland Consultants buys $2,343,999 stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : First Heartland Consultants scooped up 1,404 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 Aug 12, 2016. The investment management firm now holds a total of 37,528 shares of WEC Energy Group Inc which is valued at $2,343,999.WEC Energy Group Inc makes up approximately 0.70% of First Heartland Consultants’s portfolio.

Other Hedge Funds, Including , Epoch Investment Partners reduced its stake in WEC by selling 122,397 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 7,103,176 shares of WEC which is valued at $443,664,373. WEC Energy Group Inc makes up approx 1.62% of Epoch Investment Partners’s portfolio.Advisor Partners boosted its stake in WEC in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 4,960 shares of WEC Energy Group Inc which is valued at $309,802. WEC Energy Group Inc makes up approx 0.10% of Advisor Partners’s portfolio.Financial Counselors Inc boosted its stake in WEC in the latest quarter, The investment management firm added 1,080 additional shares and now holds a total of 4,635 shares of WEC Energy Group Inc which is valued at $289,224. WEC Energy Group Inc makes up approx 0.02% of Financial Counselors Inc’s portfolio. Jaffetilchin Investment Partners added WEC to its portfolio by purchasing 5,535 company shares during the most recent quarter which is valued at $346,380. WEC Energy Group Inc makes up approx 0.10% of Jaffetilchin Investment Partners’s portfolio.

WEC Energy Group Inc opened for trading at $59.89 and hit $60.44 on the upside on Monday, eventually ending the session at $60.34, with a gain of 1.11% or 0.66 points. The heightened volatility saw the trading volume jump to 10,87,054 shares. Company has a market cap of $19,045 M.

On the company’s financial health, WEC Energy Group Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.55. The company had revenue of $1602.00 million for the quarter, compared to analysts expectations of $2063.35 million. The company’s revenue was up 61.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

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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