Ownership Action Report: 0.57 is Wisconsin Energy Corp’s (NYSE:WEC) Institutional Investor Sentiment

November 25, 2016 - By Clifton Ray   ·   0 Comments

Ownership Action Report: 0.57 is Wisconsin Energy Corp's (NYSE:WEC) Institutional Investor Sentiment

Sentiment for Wisconsin Energy Corp (NYSE:WEC)

Wisconsin Energy Corp (NYSE:WEC) institutional sentiment increased to 0.57 in Q2 2016. Its up 0.07, from 0.5 in 2016Q1. The ratio increased, as 3 investment managers increased and started new equity positions, while 6 trimmed and sold stock positions in Wisconsin Energy Corp. The investment managers in our partner’s database now have: 503,583 shares, down from 556,790 shares in 2016Q1. Also, the number of investment managers holding Wisconsin Energy Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 3 Increased: 2 New Position: 1.

WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, is a holding company, which has electric and natural gas utility operations. The company has a market cap of $17.58 billion. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. It has a 19.41 P/E ratio. The Company’s Wisconsin segment includes the electric and natural gas utility, and non-utility activities of Wisconsin Electric Power Company , Wisconsin Gas LLC (Wisconsin Gas) and Wisconsin Public Service Corporation (WPS), including Wisconsin Electric’s electric and WPS’s electric and natural gas activities in the state of Michigan.

The stock increased 1.51% or $0.84 during the last trading session, hitting $56.56. About 661,039 shares traded hands. WEC Energy Group Inc (NYSE:WEC) has declined 1.64% since April 22, 2016 and is downtrending. It has underperformed by 7.05% the S&P500.

Analysts await WEC Energy Group Inc (NYSE:WEC) to report earnings on February, 2. They expect $0.64 earnings per share, up 1.59% or $0.01 from last year’s $0.63 per share. WEC’s profit will be $198.93M for 22.09 P/E if the $0.64 EPS becomes a reality. After $0.69 actual earnings per share reported by WEC Energy Group Inc for the previous quarter, Wall Street now forecasts -7.25% negative EPS growth.

According to Zacks Investment Research, “WEC Energy Group is the natural gas distribution company. WEC Energy Group, Inc., formerly known as Wisconsin Energy Corporation, is based in MILWAUKEE, United States.”

South Street Advisors Llc holds 4.67% of its portfolio in WEC Energy Group Inc for 227,400 shares. Winch Advisory Services Llc owns 6,088 shares or 0.48% of their US portfolio. Moreover, Bruce & Co. Inc. has 0.4% invested in the company for 24,252 shares. The Pennsylvania-based Vantage Investment Advisors Llc has invested 0.17% in the stock. Eqis Capital Management Inc., a California-based fund reported 25,858 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 insider sales for $11.88 million net activity.

WEC Energy Group Inc (NYSE:WEC) Ratings Coverage

Ratings analysis reveals 44% of Wisconsin Energy Corporation’s analysts are positive. Out of 9 Wall Street analysts rating Wisconsin Energy Corporation, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $51.50 while the high is $63. The stock’s average target of $57.06 is 0.88% above today’s ($56.56) share price. WEC was included in 17 notes of analysts from July 28, 2015. The stock of WEC Energy Group Inc (NYSE:WEC) earned “Outperform” rating by Wells Fargo on Tuesday, September 8. The rating was maintained by Argus Research on Tuesday, January 19 with “Buy”. Goldman Sachs upgraded WEC Energy Group Inc (NYSE:WEC) on Monday, August 31 to “Conviction Buy List” rating. Deutsche Bank downgraded WEC Energy Group Inc (NYSE:WEC) on Friday, February 5 to “Hold” rating. The firm has “Neutral” rating by UBS given on Monday, May 9. The stock of WEC Energy Group Inc (NYSE:WEC) earned “Buy” rating by Mizuho on Monday, February 8. The firm has “Sell” rating given on Monday, October 26 by UBS. The rating was upgraded by Argus Research to “Buy” on Monday, September 14. Goldman Sachs upgraded the shares of WEC in a report on Tuesday, July 28 to “Buy” rating. The stock of WEC Energy Group Inc (NYSE:WEC) has “Buy” rating given on Monday, December 14 by Deutsche Bank.

WEC Company Profile

WEC Energy Group, Inc., formerly Wisconsin Energy Corporation, incorporated on June 26, 1981, is a holding company, which has electric and natural gas utility operations. The Firm serves clients in Wisconsin, Illinois, Michigan and Minnesota. The Company’s divisions are Wisconsin, Illinois, other states, electric transmission, We Power, and corporate and other. The Company’s subsidiaries provide regulated natural gas and electricity, as well as non-regulated renewable energy.

More important recent WEC Energy Group Inc (NYSE:WEC) news were published by: Forbes.com which released: “Ex-Dividend Reminder: MSCI, Tractor Supply and WEC Energy Group” on November 07, 2016, also Prnewswire.com published article titled: “WEC Energy Group posts third-quarter results”, Forbes.com published: “Ex-Dividend Reminder: Costco Wholesale, Nexstar Broadcasting Group and WEC …” on August 08, 2016. More interesting news about WEC Energy Group Inc (NYSE:WEC) was released by: Nasdaq.com and their article: “WEC Energy Group, Inc. (WEC) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 2016.

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By Clifton Ray

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