Meiji Yasuda Asset Management Co Ltd. Takes Position in WEC Energy Group, Inc. $WEC

Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,002 shares of the utilities provider’s stock, valued at approximately $1,401,000.

Several other institutional investors have also recently bought and sold shares of WEC. Magellan Asset Management Ltd acquired a new stake in shares of WEC Energy Group in the 2nd quarter worth about $144,582,000. Haverford Trust Co purchased a new position in WEC Energy Group in the second quarter worth $676,000. Bank of Nova Scotia purchased a new position in shares of WEC Energy Group in the 2nd quarter worth about $9,035,000. Compass Financial Management LLC purchased a new position in WEC Energy Group in the second quarter valued at about $29,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of WEC Energy Group in the 2nd quarter worth approximately $777,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective on the stock. in a research note on Tuesday, August 4th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Truist Financial cut their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. BMO Capital Markets decreased their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, WEC Energy Group has a consensus rating of “Moderate Buy” and an average price target of $121.91.

WEC Energy Group Stock Up 1.5%

WEC Energy Group stock opened at $107.60 on Tuesday. The firm has a 50 day simple moving average of $112.73 and a 200 day simple moving average of $113.70. 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 $35.06 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.83 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a yield of 3.5%. WEC Energy Group’s dividend payout ratio is 73.84%.

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.