Mitsubishi UFJ Asset Management Co. Ltd. Acquires 62,243 Shares of WEC Energy Group, Inc. $WEC

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 698,377 shares of the utilities provider’s stock after acquiring an additional 62,243 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in WEC Energy Group were worth $74,356,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in WEC Energy Group during the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group during the 2nd quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its holdings in WEC Energy Group by 2,400.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 275 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 264 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in WEC Energy Group by 256.4% during the 4th quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Finally, GoalVest Advisory LLC grew its holdings in WEC Energy Group by 54.7% during the 4th quarter. GoalVest Advisory LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 104 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WEC. Jefferies Financial Group reduced their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Argus raised shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $122.13.

Insider Activity at WEC Energy Group

In related news, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president directly owned 4,707 shares of the company’s stock, valued at $543,658.50. This represents a 37.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the transaction, the director directly owned 276,600 shares in the company, valued at approximately $31,930,704. This represents a 8.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,354 shares of company stock valued at $4,855,505 in the last ninety days. Insiders own 0.46% of the company’s stock.

WEC Energy Group Trading Down 1.0%

NYSE:WEC opened at $112.79 on Friday. The firm’s fifty day moving average is $115.58 and its 200-day moving average is $111.90. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.44 and a current ratio of 0.68. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $119.62. The firm has a market cap of $36.73 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.74 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm posted $2.27 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is currently 78.88%.

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.