Y Intercept Hong Kong Ltd Invests $3.77 Million in WEC Energy Group, Inc. $WEC

Key Points

• Y Intercept Hong Kong Ltd. acquired 32,315 WEC Energy Group shares worth approximately $3.77 million in the second quarter. Institutional investors collectively own 77.2% of the utility company.
• WEC reported quarterly EPS of $0.91, beating analysts’ $0.80 estimate, while revenue reached $2.06 billion. Analysts maintain a consensus “Moderate Buy” rating with a $122.41 target price.
• The company declared a quarterly dividend of $0.9525 per share, equivalent to an annualized $3.81 dividend and a 3.5% yield. Shares recently opened at $108.96, near the lower end of their 52-week range.

Y Intercept Hong Kong Ltd acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,315 shares of the utilities provider's stock, valued at approximately $3,773,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC grew its position in shares of WEC Energy Group by 16.9% in the first 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 last quarter. Woodline Partners LP lifted its position in shares of WEC Energy Group by 41.3% during the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider's stock worth $2,925,000 after purchasing an additional 7,841 shares during the last quarter. Cerity Partners LLC boosted its stake in WEC Energy Group by 7.3% during the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider's stock valued at $4,616,000 after purchasing an additional 3,006 shares during the period. Qube Research & Technologies Ltd boosted its stake in WEC Energy Group by 477.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider's stock valued at $34,756,000 after purchasing an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC increased its position in WEC Energy Group by 8.8% in the 2nd 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 during the period. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEC has been the topic of several research reports. Wall Street Zen downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Sunday, May 24th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 price target on shares of WEC Energy Group in a report on Tuesday, April 21st. KeyCorp decreased their price objective 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. LADENBURG THALM/SH SH lowered WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 target price for the company. in a research note on Tuesday, August 4th. Finally, Weiss Ratings lowered shares of WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.41.

WEC Energy Group Price Performance

Shares of WEC stock opened at $108.96 on Thursday. WEC Energy Group, Inc. has a 52 week low of $102.95 and a 52 week high of $119.91. The stock has a market capitalization of $35.50 billion, a PE ratio of 21.12, a PEG ratio of 1.85 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. The stock's fifty day moving average is $113.31 and its 200-day moving average is $113.76.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm 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 posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group 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 completion of the sale, the director owned 19,588 shares of the company's stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by company insiders.

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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