PDT Partners LLC Makes New Investment in WEC Energy Group, Inc. $WEC

Key Points

• PDT Partners initiated a position in WEC Energy Group by purchasing 16,000 shares worth approximately $1.87 million. Institutional investors collectively own 77.2% of the company.
• WEC reported quarterly EPS of $0.91, beating analyst expectations of $0.80, while revenue rose 2.6% year over year to $2.06 billion. The company reaffirmed fiscal 2026 EPS guidance of $5.51–$5.61.
• WEC declared a quarterly dividend of $0.9525 per share, equivalent to an annualized $3.81 dividend and a 3.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $121.91.

PDT Partners LLC purchased a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,000 shares of the utilities provider's stock, valued at approximately $1,868,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC boosted its holdings 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 valued at $1,820,000 after purchasing an additional 2,417 shares during the period. Woodline Partners LP raised 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 last quarter. Cerity Partners LLC lifted its stake in shares of WEC Energy Group by 7.3% in 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 stake 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 valued at $34,756,000 after buying an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC grew its position in WEC Energy Group by 8.8% during 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. Institutional investors and hedge funds own 77.20% of the company's stock.

WEC Energy Group Stock Up 1.0%

Shares of WEC opened at $107.69 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $112.48 and a two-hundred day moving average price of $113.63. The stock has a market cap of $35.09 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.85 and a beta of 0.47. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.11 billion. The company's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. BMO Capital Markets decreased their price objective on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a 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 price objective on the stock. in a research report on Tuesday, August 4th. Truist Financial cut their target price on 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. Finally, Weiss Ratings cut WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, WEC Energy Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.91.

Insider Activity

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 value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 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.

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