Forbes J M Co Llp Lowers stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Forbes J M Co Llp reduced its stake in WEC Energy Group Inc by 0.89% during the most recent quarter end. The investment management company now holds a total of 106,206 shares of WEC Energy Group Inc which is valued at $5,796,723 after selling 950 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.WEC Energy Group Inc makes up approximately 1.63% of Forbes J M Co Llp’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank reduced its stake in WEC by selling 8,085 shares or 54.59% in the most recent quarter. The Hedge Fund company now holds 6,726 shares of WEC which is valued at $367,105. WEC Energy Group Inc makes up approx 0.08% of Amalgamated Bank’s portfolio.Shell Asset Management Co reduced its stake in WEC by selling 6,911 shares or 7.81% in the most recent quarter. The Hedge Fund company now holds 81,567 shares of WEC which is valued at $4,871,181. WEC Energy Group Inc makes up approx 0.12% of Shell Asset Management Co’s portfolio.Commonwealth Equity Services Inc reduced its stake in WEC by selling 5,125 shares or 5.36% in the most recent quarter. The Hedge Fund company now holds 90,547 shares of WEC which is valued at $5,263,497. WEC Energy Group Inc makes up approx 0.04% of Commonwealth Equity Services Inc’s portfolio.Bartlett reduced its stake in WEC by selling 3,610 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 119,613 shares of WEC which is valued at $6,913,631. WEC Energy Group Inc makes up approx 0.34% of Bartlett’s portfolio. Blb&b Advisors sold out all of its stake in WEC during the most recent quarter. The investment firm sold 3,070 shares of WEC which is valued $177,262.

WEC Energy Group Inc (WEC) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $55.42 and reached the intraday high at $55.84. The bulls started the profit booking and pushed the shares to intraday low of $55.26. The trading session was marked by a volume range of 24,56,704 shares exchanging hands. The 52-week high of the shares is $66.1032 and the 52-week low is $47.98. The market cap of the company stands at $17,526 M and there are 31,56,17,300 shares in public circulation.

On the company’s financial health, WEC Energy Group Inc reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.62. The company had revenue of $1712.50 million for the quarter, compared to analysts expectations of $2207.96 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 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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