WEC Energy Group, Inc. $WEC Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 9.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 140,051 shares of the utilities provider’s stock after buying an additional 11,611 shares during the period. Resona Asset Management Co. Ltd.’s holdings in WEC Energy Group were worth $16,206,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WEC. Whittier Trust Co. of Nevada Inc. increased its position in shares of WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in WEC Energy Group in the 4th quarter valued at $25,000. Torren Management LLC purchased a new position in WEC Energy Group in the 4th quarter valued at $26,000. Physician Wealth Advisors Inc. boosted its stake in WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 131 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in WEC Energy Group during the 2nd quarter worth $27,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WEC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. JPMorgan Chase & Co. decreased their price target on shares of 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. Barclays boosted their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. Finally, Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, WEC Energy Group has a consensus rating of “Moderate Buy” and a consensus price target of $123.60.

Insider Buying and Selling at WEC Energy Group

In other news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

WEC Energy Group Trading Up 0.2%

NYSE:WEC traded up $0.20 during trading hours on Friday, hitting $115.09. The company had a trading volume of 1,588,741 shares, compared to its average volume of 2,060,571. WEC Energy Group, Inc. has a 1 year low of $102.95 and a 1 year high of $119.91. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average of $113.64 and a 200 day moving average of $112.90. The company has a market cap of $37.49 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.76 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The company’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. Sell-side analysts expect 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 was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s payout ratio is presently 76.05%.

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.