Reaves W H Co Inc Lowers stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : Reaves W H Co Inc reduced its stake in WEC Energy Group Inc by 1.06% during the most recent quarter end. The investment management company now holds a total of 883,191 shares of WEC Energy Group Inc which is valued at $55,111,118 after selling 9,446 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.WEC Energy Group Inc makes up approximately 1.98% of Reaves W H Co Inc’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in WEC in the latest quarter, The investment management firm added 2,714 additional shares and now holds a total of 656,670 shares of WEC Energy Group Inc which is valued at $40,963,075. WEC Energy Group Inc makes up approx 0.02% of Dimensional Fund Advisors Lp’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.Brown Advisory Securities reduced its stake in WEC by selling 15 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 3,628 shares of WEC which is valued at $227,040. WEC Energy Group Inc makes up approx 0.07% of Brown Advisory Securities’s portfolio.Retirement Systems Of Alabama boosted its stake in WEC in the latest quarter, The investment management firm added 1,261 additional shares and now holds a total of 160,920 shares of WEC Energy Group Inc which is valued at $10,297,271. WEC Energy Group Inc makes up approx 0.06% of Retirement Systems Of Alabama’s portfolio.Campbell Newman Asset Management Inc reduced its stake in WEC by selling 8,826 shares or 9.52% in the most recent quarter. The Hedge Fund company now holds 83,883 shares of WEC which is valued at $5,390,322. WEC Energy Group Inc makes up approx 0.96% of Campbell Newman Asset Management Inc’s portfolio.

WEC Energy Group Inc opened for trading at $60.19 and hit $61.03 on the upside on Wednesday, eventually ending the session at $60.88, with a gain of 1.43% or 0.86 points. The heightened volatility saw the trading volume jump to 28,55,897 shares. Company has a market cap of $19,215 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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