79,796 Shares in WEC Energy Group, Inc. $WEC Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 79,796 shares of the utilities provider’s stock, valued at approximately $9,318,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new position in WEC Energy Group in the fourth quarter valued at $25,000. Torren Management LLC acquired a new stake in WEC Energy Group in the fourth quarter valued at $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $27,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEC has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Truist Financial reduced their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.91.

WEC Energy Group Stock Down 2.0%

WEC opened at $106.33 on Friday. WEC Energy Group, Inc. has a one year low of $102.95 and a one year high of $119.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market capitalization of $34.65 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.83 and a beta of 0.47. The business’s 50-day simple moving average is $112.86 and its 200-day simple moving average is $113.71.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts anticipate that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio is presently 73.84%.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the transaction, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.