Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 12,002 WEC Energy Group, Inc. $WEC

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, Holdings Channel.com reports. The firm purchased 12,002 shares of the utilities provider’s stock, valued at approximately $1,401,000.

Several other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in 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 valued at $28,000 after buying an additional 214 shares during the period. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group in the 4th quarter worth about $25,000. Torren Management LLC bought a new position in WEC Energy Group in the 4th quarter worth about $26,000. Physician Wealth Advisors Inc. raised its holdings in shares of WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $27,000. Institutional investors own 77.20% of the company’s stock.

Analyst Ratings Changes

WEC has been the subject of a number of research analyst reports. Weiss Ratings downgraded WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. KeyCorp lowered their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Truist Financial lowered their target price on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’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 sale, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $107.60 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $35.06 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.83 and a beta of 0.47. The business’s 50-day moving average price is $112.73 and its 200-day moving average price is $113.70. WEC Energy Group, Inc. has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion for 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%.WEC Energy Group’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. WEC Energy Group’s dividend payout ratio (DPR) 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.