WEC Energy Group Inc (WEC) : Cookson Peirce Co Inc reduced its stake in WEC Energy Group Inc by 6.84% during the most recent quarter end. The investment management company now holds a total of 109,000 shares of WEC Energy Group Inc which is valued at $6,943,300 after selling 8,000 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.WEC Energy Group Inc makes up approximately 1.00% of Cookson Peirce Co Inc’s portfolio.
Other Hedge Funds, Including , Rmb Capital Management reduced its stake in WEC by selling 139 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 3,756 shares of WEC which is valued at $239,257. WEC Energy Group Inc makes up approx 0.02% of Rmb Capital Management’s portfolio.Mondrian Investment Partners Ltd reduced its stake in WEC by selling 13,697 shares or 7.47% in the most recent quarter. The Hedge Fund company now holds 169,691 shares of WEC which is valued at $10,809,317. WEC Energy Group Inc makes up approx 0.26% of Mondrian Investment Partners Ltd’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in WEC in the latest quarter, The investment management firm added 163 additional shares and now holds a total of 10,465 shares of WEC Energy Group Inc which is valued at $669,655. WEC Energy Group Inc makes up approx 0.07% of Tokio Marine Asset Management Co Ltd’s portfolio.Highland Capital Management reduced its stake in WEC by selling 20 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 4,111 shares of WEC which is valued at $263,186. WEC Energy Group Inc makes up approx 0.02% of Highland Capital Management’s portfolio.
WEC Energy Group Inc closed down -0.2 points or -0.32% at $62.38 with 15,78,549 shares getting traded on Monday. Post opening the session at $62.7, the shares hit an intraday low of $62.25 and an intraday high of $63.11 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 $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.
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.