Martin Currie Ltd Lowers stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Martin Currie Ltd reduced its stake in WEC Energy Group Inc by 13.36% during the most recent quarter end. The investment management company now holds a total of 237,450 shares of WEC Energy Group Inc which is valued at $14,831,127 after selling 36,600 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.WEC Energy Group Inc makes up approximately 1.38% of Martin Currie Ltd’s portfolio.

Other Hedge Funds, Including , Zimmer Partners Lp sold out all of its stake in WEC during the most recent quarter. The investment firm sold 550,000 shares of WEC which is valued $34,353,000. Renaissance Technologies sold out all of its stake in WEC during the most recent quarter. The investment firm sold 232,402 shares of WEC which is valued $14,515,829.Quantbot Technologies Lp boosted its stake in WEC in the latest quarter, The investment management firm added 58,522 additional shares and now holds a total of 63,401 shares of WEC Energy Group Inc which is valued at $4,038,644. WEC Energy Group Inc makes up approx 0.42% of Quantbot Technologies Lp’s portfolio.Boston Advisors reduced its stake in WEC by selling 1,138 shares or 6.75% in the most recent quarter. The Hedge Fund company now holds 15,714 shares of WEC which is valued at $1,005,539. WEC Energy Group Inc makes up approx 0.02% of Boston Advisors’s portfolio.Daiwa Securities Group boosted its stake in WEC in the latest quarter, The investment management firm added 39,400 additional shares and now holds a total of 46,630 shares of WEC Energy Group Inc which is valued at $2,983,854. WEC Energy Group Inc makes up approx 0.02% of Daiwa Securities Group’s portfolio.

WEC Energy Group Inc closed down -0.06 points or -0.10% at $59.82 with 16,85,843 shares getting traded on Thursday. Post opening the session at $59.83, the shares hit an intraday low of $59.49 and an intraday high of $59.99 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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