53,274 Shares in WEC Energy Group, Inc. $WEC Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 53,274 shares of the utilities provider’s stock, valued at approximately $6,310,000.

Other hedge funds have also recently modified their holdings of the company. Pure Financial Advisors LLC grew its holdings in shares of WEC Energy Group by 3.9% in the fourth quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 86 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of WEC Energy Group by 1.7% during the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 93 shares during the last quarter. State of Wyoming lifted its holdings in WEC Energy Group by 5.7% during the second quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 95 shares during the period. Community Bank & Trust Waco Texas boosted its position in WEC Energy Group by 5.1% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 96 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in WEC Energy Group by 1.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 6,808 shares of the utilities provider’s stock worth $718,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Down 0.1%

WEC Energy Group stock opened at $106.15 on Friday. The firm has a 50 day simple moving average of $112.23 and a 200 day simple moving average of $113.54. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. The firm has a market capitalization of $34.59 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.84 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio is presently 73.84%.

Analyst Ratings Changes

WEC has been the subject of several research analyst reports. BMO Capital Markets decreased their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings lowered shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Mizuho set a $124.00 target price on shares of WEC Energy Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

About WEC Energy Group

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.