Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 816,948 shares of the utilities provider's stock, valued at approximately $95,395,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of WEC Energy Group as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC acquired a new position in WEC Energy Group in the 2nd quarter valued at $618,000. OneDigital Investment Advisors LLC acquired a new stake in shares of WEC Energy Group during the second quarter worth $1,012,000. AMG National Trust Bank bought a new stake in shares of WEC Energy Group in the second quarter valued at about $297,000. Roman Butler Fullerton & Co. bought a new stake in shares of WEC Energy Group in the second quarter valued at about $251,000. Finally, Simplicity Wealth LLC acquired a new position in shares of WEC Energy Group in the second quarter valued at about $552,000. Institutional investors own 77.20% of the company's stock.
WEC Energy Group Price Performance
WEC stock opened at $111.16 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91. The firm has a market cap of $36.22 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.91 and a beta of 0.47. The company's 50-day moving average price is $113.19 and its two-hundred day moving average price is $113.78.
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, topping analysts' consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts anticipate that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.
WEC Energy Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. WEC Energy Group's dividend payout ratio (DPR) is presently 73.84%.
Analyst Ratings Changes
WEC has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. BMO Capital Markets lowered their target price on shares of 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. KeyCorp dropped their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Truist Financial cut their price target 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 downgraded WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $121.91.
Check Out Our Latest Stock Analysis on WEC Energy Group
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 stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.
WEC Energy Group Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding WEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WEC Energy Group, Inc. (NYSE:WEC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider WEC Energy Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEC Energy Group wasn't on the list.
While WEC Energy Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
