Mitsubishi UFJ Asset Management Co. Ltd. Has $48.09 Million Position in WEC Energy Group, Inc. (NYSE:WEC)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 512,787 shares of the utilities provider's stock after buying an additional 55,836 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of WEC Energy Group worth $48,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock worth $26,000 after acquiring an additional 268 shares in the last quarter. Human Investing LLC bought a new position in WEC Energy Group in the fourth quarter valued at $52,000. Cullen Frost Bankers Inc. grew its position in WEC Energy Group by 140.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 590 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 345 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in WEC Energy Group during the 4th quarter worth about $56,000. Finally, Bank of Jackson Hole Trust bought a new stake in WEC Energy Group during the 4th quarter worth about $59,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Activity

In related news, Director Gale E. Klappa sold 25,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the sale, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. The trade was a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the transaction, the director now owns 21,951 shares in the company, valued at $2,286,635.67. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

A number of research firms recently issued reports on WEC. Bank of America raised WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $90.00 to $98.00 in a research report on Thursday, December 12th. StockNews.com lowered WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. BMO Capital Markets increased their price objective on WEC Energy Group from $95.00 to $100.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Scotiabank raised their target price on shares of WEC Energy Group from $103.00 to $110.00 and gave the company a "sector outperform" rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company upped their price target on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $101.88.

WEC Energy Group Stock Performance

WEC stock traded down $0.29 during midday trading on Wednesday, reaching $108.61. 370,834 shares of the company were exchanged, compared to its average volume of 2,313,026. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $110.19. The firm has a market capitalization of $34.30 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The business has a 50-day moving average price of $103.96 and a two-hundred day moving average price of $99.13. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $1.10 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.