16,000 Shares in WEC Energy Group, Inc. $WEC Acquired by PDT Partners LLC

PDT Partners LLC purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WECFree Report) in the second quarter, Holdings Channel.com reports. The fund purchased 16,000 shares of the utilities provider’s stock, valued at approximately $1,868,000.

Several other institutional investors have also recently bought and sold shares of the business. Pure Financial Advisors LLC grew its holdings in shares of WEC Energy Group by 3.9% during the fourth quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 86 shares during the last quarter. Inscription Capital LLC raised its holdings in shares of WEC Energy Group by 4.7% in the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after buying an additional 91 shares during the last quarter. Moors & Cabot Inc. lifted its position in WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares in the last quarter. State of Wyoming lifted its position in WEC Energy Group by 5.7% during the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after buying an additional 95 shares in the last quarter. Finally, Community Bank & Trust Waco Texas grew its holdings in WEC Energy Group by 5.1% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. BMO Capital Markets decreased their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective for the company. in a research report on Tuesday, August 4th. Weiss Ratings downgraded WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research 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 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 price target of $121.91.

Get Our Latest Analysis on WEC Energy Group

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $107.69 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. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The company has a market cap of $35.09 billion, a PE ratio of 20.87, a PEG ratio of 1.85 and a beta of 0.47. The company’s 50-day moving average is $112.48 and its two-hundred day moving average is $113.63.

WEC Energy Group (NYSE:WECGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 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 analysts’ expectations of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

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

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the company’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 completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

About WEC Energy Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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