BTG Pactual Asset Management US LLC Decreases Position in WEC Energy Group, Inc. $WEC

BTG Pactual Asset Management US LLC cut its holdings in WEC Energy Group, Inc. (NYSE:WEC) by 62.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,109 shares of the utilities provider’s stock after selling 65,967 shares during the period. BTG Pactual Asset Management US LLC’s holdings in WEC Energy Group were worth $4,684,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Annex Advisory Services LLC boosted its holdings in shares of WEC Energy Group by 8.6% during the second quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock worth $14,179,000 after purchasing an additional 9,591 shares during the period. North Dakota State Investment Board purchased a new position in WEC Energy Group during the 4th quarter valued at about $1,155,000. Sterling Capital Management LLC increased its holdings in WEC Energy Group by 106.3% during the 1st quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock valued at $5,099,000 after purchasing an additional 22,697 shares during the period. GSA Capital Partners LLP raised its position in WEC Energy Group by 377.5% during the 4th quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider’s stock valued at $1,652,000 after purchasing an additional 12,385 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in WEC Energy Group by 9.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 698,377 shares of the utilities provider’s stock valued at $74,356,000 after purchasing an additional 62,243 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WEC shares. JPMorgan Chase & Co. lifted their price objective on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. 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 report on Wednesday, July 22nd. Truist Financial cut their price target on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective on the stock. in a research report on Tuesday, August 4th. Finally, KeyCorp decreased their price objective on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Stock Down 0.1%

WEC stock opened at $106.15 on Monday. WEC Energy Group, Inc. has a fifty-two week low of $102.95 and a fifty-two week high of $119.91. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.84 and a beta of 0.47. The business’s 50 day moving average price is $112.23 and its two-hundred day moving average price is $113.55. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53.

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

WEC Energy Group Dividend Announcement

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

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction 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 sale, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Company Profile

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.