Dynamic Technology Lab Private Ltd Has $801,000 Stock Holdings in WEC Energy Group, Inc. $WEC

Key Points

• Dynamic Technology Lab Private Ltd reduced its position in WEC Energy Group by 43.1%, now holding 7,351 shares valued at approximately $801,000.
• WEC Energy Group's recent earnings report showed $0.76 EPS, exceeding analysts' expectations of $0.71, with revenue rising 13.4% year-over-year.
• The company's quarterly dividend was recently reported at $0.8925 per share, representing a yield of 3.3% and a payout ratio of 68.39%.

Dynamic Technology Lab Private Ltd lowered its holdings in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 43.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,351 shares of the utilities provider's stock after selling 5,559 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in WEC Energy Group were worth $801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter worth approximately $25,000. Hughes Financial Services LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter worth approximately $32,000. WPG Advisers LLC acquired a new stake in shares of WEC Energy Group during the 1st quarter worth approximately $35,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of WEC Energy Group by 252.6% during the 1st quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock worth $37,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 5,930 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $111.14, for a total value of $659,060.20. Following the completion of the sale, the executive vice president directly owned 6,606 shares in the company, valued at approximately $734,190.84. This trade represents a 47.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Molly A. Mulroy sold 4,030 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.33, for a total value of $444,629.90. Following the completion of the sale, the executive vice president owned 5,829 shares of the company's stock, valued at approximately $643,113.57. This trade represents a 40.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,448 shares of company stock valued at $7,581,132. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WEC shares. Wall Street Zen lowered WEC Energy Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. The Goldman Sachs Group lowered WEC Energy Group from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $106.00 to $100.00 in a report on Wednesday, June 25th. Finally, UBS Group set a $107.00 price objective on WEC Energy Group and gave the stock a "neutral" rating in a report on Friday, July 11th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $106.40.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock traded up $0.80 during midday trading on Friday, hitting $110.52. 1,532,663 shares of the company were exchanged, compared to its average volume of 1,936,969. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. The firm has a market cap of $35.57 billion, a P/E ratio of 21.17, a PEG ratio of 3.04 and a beta of 0.44. WEC Energy Group, Inc. has a 52 week low of $91.94 and a 52 week high of $111.90. The firm has a 50 day simple moving average of $107.92 and a 200-day simple moving average of $106.84.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.71 by $0.05. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.87 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.WEC Energy Group's revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Research analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Thursday, August 14th were given a $0.8925 dividend. The ex-dividend date was Thursday, August 14th. This represents a $3.57 annualized dividend and a yield of 3.2%. WEC Energy Group's payout ratio is presently 68.39%.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.