Mitsubishi UFJ Asset Management Co. Ltd. Has $27.39 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 316,255 shares of the utilities provider's stock after acquiring an additional 19,867 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of WEC Energy Group worth $27,391,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in shares of WEC Energy Group in the 4th quarter valued at $26,000. Valued Wealth Advisors LLC purchased a new position in WEC Energy Group in the fourth quarter valued at about $28,000. First United Bank & Trust bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $30,000. Fortitude Family Office LLC purchased a new position in WEC Energy Group in the fourth quarter valued at approximately $33,000. Finally, Authentikos Wealth Advisory LLC bought a new position in WEC Energy Group during the third quarter valued at $38,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Chairman Gale E. Klappa sold 37,180 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total value of $2,925,694.20. Following the sale, the chairman now directly owns 274,782 shares of the company's stock, valued at $21,622,595.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Gale E. Klappa sold 37,180 shares of WEC Energy Group stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the transaction, the chairman now owns 274,782 shares in the company, valued at $21,622,595.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Scott J. Lauber sold 2,830 shares of the company's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $78.89, for a total value of $223,258.70. Following the completion of the sale, the chief executive officer now owns 43,125 shares of the company's stock, valued at $3,402,131.25. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

WEC Energy Group Trading Up 0.6 %

Shares of NYSE WEC traded up $0.48 during trading hours on Thursday, hitting $85.51. 1,531,979 shares of the company traded hands, compared to its average volume of 2,080,763. WEC Energy Group, Inc. has a 12 month low of $75.13 and a 12 month high of $93.37. The stock has a market capitalization of $27.01 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.43 and a beta of 0.40. The company's 50 day moving average price is $81.65 and its 200 day moving average price is $81.57. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 1.24.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.92 billion. WEC Energy Group had a return on equity of 13.01% and a net margin of 16.67%. The firm's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. On average, equities research analysts anticipate that WEC Energy Group, Inc. will post 4.87 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Monday, May 13th. WEC Energy Group's dividend payout ratio (DPR) is presently 72.93%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WEC shares. Wells Fargo & Company cut their price target on WEC Energy Group from $93.00 to $91.00 and set an "overweight" rating for the company in a research note on Friday, February 2nd. Scotiabank cut their price objective on WEC Energy Group from $96.00 to $90.00 and set a "sector outperform" rating for the company in a report on Monday, April 22nd. Barclays dropped their target price on shares of WEC Energy Group from $79.00 to $75.00 and set an "underweight" rating for the company in a research report on Thursday, February 8th. KeyCorp increased their price target on shares of WEC Energy Group from $95.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Finally, The Goldman Sachs Group started coverage on shares of WEC Energy Group in a research report on Wednesday, April 10th. They issued a "neutral" rating and a $88.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $86.29.

WEC Energy Group Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.