Barometer Capital Management buys $20,161,650 stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Barometer Capital Management scooped up 25,200 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 Jul 15, 2016. The investment management firm now holds a total of 313,800 shares of WEC Energy Group Inc which is valued at $20,161,650.WEC Energy Group Inc makes up approximately 1.97% of Barometer Capital Management’s portfolio.

Other Hedge Funds, Including , Sterling Investment Advisors Adv added WEC to its portfolio by purchasing 3,250 company shares during the most recent quarter which is valued at $208,813. WEC Energy Group Inc makes up approx 0.21% of Sterling Investment Advisors Adv’s portfolio.Gradient Investments boosted its stake in WEC in the latest quarter, The investment management firm added 283 additional shares and now holds a total of 4,193 shares of WEC Energy Group Inc which is valued at $269,400. WEC Energy Group Inc makes up approx 0.03% of Gradient Investments’s portfolio.Gofen Glossberg Il reduced its stake in WEC by selling 136 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 44,625 shares of WEC which is valued at $2,867,603. WEC Energy Group Inc makes up approx 0.12% of Gofen Glossberg Il’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 opened for trading at $64.13 and hit $64.53 on the upside on Monday, eventually ending the session at $64.25, with a gain of 0.45% or 0.29 points. The heightened volatility saw the trading volume jump to 11,69,101 shares. Company has a market cap of $20,280 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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