South Street Advisors Lowers stake in WEC Energy Group Inc (WEC)

WEC Energy Group Inc (WEC) : South Street Advisors reduced its stake in WEC Energy Group Inc by 0.14% during the most recent quarter end. The investment management company now holds a total of 233,340 shares of WEC Energy Group Inc which is valued at $14,574,416 after selling 330 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 4.66% of South Street Advisors’s portfolio.

Other Hedge Funds, Including , Lpl Financial reduced its stake in WEC by selling 32,161 shares or 40.94% in the most recent quarter. The Hedge Fund company now holds 46,401 shares of WEC which is valued at $2,898,206. WEC Energy Group Inc makes up approx 0.02% of Lpl Financial’s portfolio.Ls Investment Advisors boosted its stake in WEC in the latest quarter, The investment management firm added 12,223 additional shares and now holds a total of 37,472 shares of WEC Energy Group Inc which is valued at $2,450,294. WEC Energy Group Inc makes up approx 0.16% of Ls Investment Advisors’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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