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

Key Points

• Mitsubishi UFJ Asset Management increased its stake in WEC Energy Group by 9.8%, buying 62,243 shares to hold 698,377 shares (about 0.21% of the company) worth $74,356,000 at quarter-end.
• Company insiders sold a total of 42,354 shares valued at $4,855,505 in the last quarter, reducing insider ownership to about 0.46%.
• WEC beat quarterly EPS estimates and set FY2026 guidance of $5.510–$5.610; the firm also declared a quarterly dividend of $0.9525 ($3.81 annualized, a 3.4% yield) with an ex-dividend date of May 14 and payment on June 1.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 698,377 shares of the utilities provider's stock after acquiring an additional 62,243 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of WEC Energy Group worth $74,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WEC. Torren Management LLC acquired a new stake in shares of WEC Energy Group during the 4th quarter worth about $26,000. Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $27,000. Harbor Investment Advisory LLC lifted its stake in shares of 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 buying an additional 200 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of 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 buying an additional 264 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its stake in shares of 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 buying an additional 104 shares during the last quarter. Institutional investors own 77.20% of the company's stock.

Insider Activity at WEC Energy Group

In related news, VP Mary Beth Straka sold 2,815 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 4,707 shares in the company, valued at $543,658.50. This represents a 37.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the transaction, the director owned 20,541 shares of the company's stock, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,354 shares of company stock valued at $4,855,505 in the last quarter. 0.46% of the stock is owned by company insiders.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $112.79 on Friday. The firm has a 50 day moving average of $115.58 and a 200-day moving average of $111.90. The stock has a market capitalization of $36.73 billion, a PE ratio of 22.51, a PEG ratio of 2.74 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 1.36. WEC Energy Group, Inc. has a 12 month low of $100.61 and a 12 month high of $119.62.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to analysts' expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WEC. KeyCorp raised their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. raised their target price on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, January 15th. Barclays raised their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Monday, April 20th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a research note on Wednesday. Finally, Jefferies Financial Group dropped their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a "hold" rating for the company in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $122.13.

WEC Energy Group 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.

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