MUFG Securities EMEA plc Buys 7,175 Shares of WEC Energy Group, Inc. $WEC

MUFG Securities EMEA plc boosted its holdings in WEC Energy Group, Inc. (NYSE:WECFree Report) by 116.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,336 shares of the utilities provider’s stock after buying 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.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in WEC Energy Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after buying an additional 819,627 shares in the last quarter. Geode Capital Management LLC boosted its stake in WEC Energy Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after buying an additional 88,557 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in WEC Energy Group by 12.4% in the third quarter. Envestnet Asset Management Inc. now owns 3,046,591 shares of the utilities provider’s stock valued at $349,109,000 after buying an additional 337,300 shares in the last quarter. Legal & General Group Plc boosted its stake in WEC Energy Group by 3.4% in the third quarter. Legal & General Group Plc now owns 2,697,248 shares of the utilities provider’s stock valued at $309,078,000 after buying an additional 87,446 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in WEC Energy Group by 9.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,589,930 shares of the utilities provider’s stock valued at $296,780,000 after buying an additional 226,894 shares in the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $110.14 on Wednesday. The business’s 50-day moving average price is $114.08 and its 200-day moving average price is $111.63. WEC Energy Group, Inc. has a 12 month low of $102.49 and a 12 month high of $119.62. The firm has a market capitalization of $35.88 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.61 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36.

WEC Energy Group (NYSE:WECGet Free Report) last announced its quarterly earnings results 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 return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter 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 research analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on WEC. 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. Truist Financial reduced their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Mizuho set a $124.00 price objective on WEC Energy Group in a research note on Wednesday, May 6th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, JPMorgan Chase & Co. reduced their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group currently has an average rating of “Hold” and an average target price of $122.13.

Read Our Latest Stock Analysis on WEC

Insider Activity at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.

See Also

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Institutional Ownership by Quarter for WEC Energy Group (NYSE:WEC)

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