MUFG Securities EMEA plc Has $1.41 Million Stock Position in WEC Energy Group, Inc. $WEC

MUFG Securities EMEA plc increased its stake in WEC Energy Group, Inc. (NYSE:WEC) by 116.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,336 shares of the utilities provider’s stock after acquiring an additional 7,175 shares during the quarter. MUFG Securities EMEA plc’s holdings in WEC Energy Group were worth $1,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new position in shares of WEC Energy Group in the fourth quarter worth approximately $25,000. Torren Management LLC acquired a new position in shares of WEC Energy Group in the fourth quarter worth approximately $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the second quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its stake in shares of WEC Energy Group by 2,400.0% in the fourth 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 period. Finally, Harbor Investment Advisory LLC lifted its stake in shares of WEC Energy Group by 256.4% in the fourth 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 period. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. KeyCorp lifted their target price on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Argus upgraded WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Truist Financial lowered their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $122.13.

WEC Energy Group Trading Up 1.4%

NYSE WEC opened at $110.14 on Wednesday. The company has a market cap of $35.88 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.61 and a beta of 0.47. WEC Energy Group, Inc. has a 52 week low of $102.49 and a 52 week high of $119.62. The business has a 50 day moving average price of $114.08 and a 200-day moving average price of $111.63. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data 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 firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were given a dividend of $0.9525 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. WEC Energy Group’s payout ratio is presently 76.05%.

Insider Activity

In related news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction that occurred 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 of the company’s stock, valued at $815,112.16. The trade was a 38.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by insiders.

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.