WEC Energy Group, Inc. $WEC Shares Sold by AXQ Capital LP

Key Points

• AXQ Capital LP cut its WEC Energy Group stake by 78.1% in the second quarter, selling 28,282 shares and retaining 7,925 shares worth approximately $925,000. Institutional investors and hedge funds collectively own 77.2% of the company.
• WEC reported quarterly earnings of $0.91 per share, 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 pays a quarterly dividend of $0.9525 per share, equivalent to an annualized $3.81 dividend and a 3.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $121.91, versus a recent share price of $105.79.

AXQ Capital LP reduced its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 78.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,925 shares of the utilities provider's stock after selling 28,282 shares during the period. AXQ Capital LP's holdings in WEC Energy Group were worth $925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Annex Advisory Services LLC boosted its position in shares of WEC Energy Group by 8.6% in the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider's stock worth $14,179,000 after buying an additional 9,591 shares in the last quarter. Sterling Capital Management LLC raised its position in WEC Energy Group by 106.3% during the first quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider's stock worth $5,099,000 after acquiring an additional 22,697 shares during the last quarter. North Dakota State Investment Board acquired a new position in WEC Energy Group during the fourth quarter worth about $1,155,000. GSA Capital Partners LLP lifted its holdings in shares of WEC Energy Group by 377.5% in the fourth quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider's stock valued at $1,652,000 after purchasing an additional 12,385 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of WEC Energy Group by 15.3% in the second quarter. DAVENPORT & Co LLC now owns 96,430 shares of the utilities provider's stock valued at $11,260,000 after purchasing an additional 12,773 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Down 0.9%

Shares of NYSE WEC opened at $105.79 on Friday. The firm has a market cap of $34.47 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.19 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The firm's 50 day moving average price is $111.27 and its 200 day moving average price is $113.28.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm posted $0.76 EPS. WEC Energy Group's revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a dividend of $0.9525 per share. The ex-dividend date was Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.6%. WEC Energy Group's dividend payout ratio is 73.84%.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the sale, the director directly owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WEC. 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 note on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price 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. KeyCorp lowered their target price on WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Truist Financial dropped their price target on 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. Finally, BMO Capital Markets cut their price target on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.91.

About WEC Energy Group

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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