WEC Energy Group Inc. (NYSE:WEC) also failed to appeal the hedge fund industry during the September quarter. Actually, only 14 hedge funds observed by our team were invested in the company at the end of the third quarter, compared with 26 at the end of the previous one. Leaving all the hatred towards hedge funds aside, one should acknowledge that several smart money investors were correct on this stock as well. The shares of the energy company have lost 8% thus far in the fourth quarter, after gaining 16% during the third quarter. Earlier today, the company announced its intentions to raise its quarterly dividend to $0.495 per share in the first quarter of 2016, which denotes an increase of 3.75% over the current dividend. At the same time, WEC Energy's management aims at targeting a dividend payout ratio of 65%-to-70% of earnings. Stuart J. Zimmer 's Zimmer Partners owns 349,000 shares of WEC Energy Group Inc. (NYSE:WEC) as of September 30.