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

BTG Pactual Asset Management US LLC reduced its stake in WEC Energy Group, Inc. (NYSE:WEC) by 62.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Empowered Funds LLC boosted its stake in WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after purchasing an additional 2,417 shares during the period. Woodline Partners LP increased its position in shares of WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after buying an additional 7,841 shares during the period. Cerity Partners LLC increased its position in shares of WEC Energy Group by 7.3% during the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock valued at $4,616,000 after buying an additional 3,006 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of WEC Energy Group by 477.4% in the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after buying an additional 275,786 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of WEC Energy Group by 8.8% in the second quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock worth $6,082,000 after buying an additional 4,730 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction dated Tuesday, August 11th. The stock was 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 represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $106.15 on Monday. The firm’s fifty day moving average price is $112.23 and its 200-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. The stock has a market cap of $34.59 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.84 and a beta of 0.47. WEC Energy Group, Inc. has a fifty-two week low of $102.95 and a fifty-two week high of $119.91.

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, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio is presently 73.84%.

Analysts Set New Price Targets

Several equities analysts recently commented on WEC shares. Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial reduced their price target 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. BMO Capital Markets lowered their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price for the company. in a research report on Tuesday, August 4th. Finally, KeyCorp decreased their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.91.

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.