Y Intercept Hong Kong Ltd Buys Shares of 32,315 WEC Energy Group, Inc. $WEC

Y Intercept Hong Kong Ltd purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, Holdings Channel reports. The fund purchased 32,315 shares of the utilities provider’s stock, valued at approximately $3,773,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Godfrey Financial Associates Inc. bought a new position in shares of WEC Energy Group during the fourth quarter valued at $25,000. Torren Management LLC bought a new position in WEC Energy Group during the 4th quarter worth $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group during the 2nd quarter worth about $27,000. Physician Wealth Advisors Inc. grew its position 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 buying an additional 131 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. This trade represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $108.96 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The firm has a fifty day simple moving average of $113.31 and a two-hundred day simple moving average of $113.76. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. The firm has a market capitalization of $35.50 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.85 and a beta of 0.47.

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

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.84%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Truist Financial upped their price objective on shares of WEC Energy Group from $119.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Barclays lifted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings lowered shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.41.

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.