Alley Investment Management Company LLC Has $7.96 Million Stock Position in WEC Energy Group, Inc. $WEC

Alley Investment Management Company LLC increased its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 16.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 68,788 shares of the utilities provider’s stock after buying an additional 9,583 shares during the quarter. Alley Investment Management Company LLC’s holdings in WEC Energy Group were worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in WEC Energy Group by 175.0% during the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after acquiring an additional 2,136,542 shares during the last quarter. Vanguard Group Inc. grew its position in shares of WEC Energy Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after purchasing an additional 819,627 shares during the last quarter. Freestone Grove Partners LP grew its position in shares of WEC Energy Group by 30,697.3% in the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after purchasing an additional 618,550 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of WEC Energy Group by 324.1% in the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after purchasing an additional 592,028 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of WEC Energy Group by 603.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 414,028 shares of the utilities provider’s stock worth $43,664,000 after purchasing an additional 355,144 shares during the period. Institutional investors own 77.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WEC. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday. JPMorgan Chase & Co. dropped their price target on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. KeyCorp upped their price target on WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Barclays increased their price target on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, Truist Financial reduced their price objective on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.60.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. The trade was a 38.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $116.83 on Wednesday. The firm has a market cap of $38.05 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.85 and a beta of 0.47. The firm’s 50-day simple moving average is $113.31 and its 200-day simple moving average is $112.27. WEC Energy Group, Inc. has a twelve month low of $102.49 and a twelve month high of $119.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. The company’s quarterly 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. As a group, research analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is 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.