I downloaded Graphviz 2.38 MSI version and installed under folder C:\\Python34, then I run pip install Graphviz, everything went well.
Graphviz 2.38
C:\\Python34
pip install Graphviz
After you've installed the package (link if you haven't), add the path to dot.exe as a new system variable.
Default path is:
C:\Program Files (x86)\Graphviz2.38\bin\dot.exe