Sumitomo Mitsui DS Asset Management Company Ltd Buys 4,907 Shares of WEC Energy Group, Inc. $WEC

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 11.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,706 shares of the utilities provider’s stock after acquiring an additional 4,907 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in WEC Energy Group were worth $5,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CVA Family Office LLC grew its position in shares of WEC Energy Group by 25.4% during the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 89 shares during the period. Inscription Capital LLC grew its position in shares of WEC Energy Group by 4.7% during the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 91 shares during the period. Moors & Cabot Inc. grew its position in shares of WEC Energy Group by 1.7% during the 3rd 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 period. MBE Wealth Management LLC grew its position in shares of WEC Energy Group by 3.5% during the 3rd quarter. MBE Wealth Management LLC now owns 2,793 shares of the utilities provider’s stock valued at $320,000 after acquiring an additional 95 shares during the period. Finally, Matrix Trust Co grew its position in shares of WEC Energy Group by 0.7% during the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock valued at $1,508,000 after acquiring an additional 95 shares during the period. 77.20% of the stock is owned by institutional investors.

Insider Activity

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total value of $895,452.30. Following the sale, the chief executive officer directly owned 66,801 shares in the company, valued at $7,394,870.70. This represents a 10.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of the 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 completion of the sale, the director owned 20,541 shares in the company, valued at $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. Over the last 90 days, insiders have sold 42,354 shares of company stock valued at $4,855,505. 0.46% of the stock is owned by company insiders.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $112.79 on Friday. The stock has a market capitalization of $36.73 billion, a P/E 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. The firm’s 50 day moving average is $115.58 and its 200 day moving average is $111.90. 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) 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 net margin of 16.25% and a return on equity of 12.72%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the company posted $2.27 EPS. WEC Energy Group’s revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be paid a $0.9525 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is currently 78.88%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WEC. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. Truist Financial assumed coverage on shares of WEC Energy Group in a research note on Monday, April 20th. They set a “hold” rating and a $124.00 price target on the stock. Mizuho set a $124.00 price target on shares of WEC Energy Group in a research note on Wednesday. BMO Capital Markets restated a “market perform” rating and set a $121.00 price target on shares of WEC Energy Group in a research note on Friday, February 6th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $122.13.

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.