Janney Montgomery Scott LLC Purchases 10,881 Shares of WEC Energy Group, Inc. $WEC

Janney Montgomery Scott LLC grew its position in WEC Energy Group, Inc. (NYSE:WEC) by 12.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,747 shares of the utilities provider’s stock after buying an additional 10,881 shares during the period. Janney Montgomery Scott LLC’s holdings in WEC Energy Group were worth $11,200,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WEC. Franklin Resources Inc. raised its stake 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 buying an additional 2,136,542 shares during the period. Vanguard Group Inc. grew its stake in 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 acquiring an additional 819,627 shares during the period. Freestone Grove Partners LP increased its holdings 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 worth $71,111,000 after acquiring an additional 618,550 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings 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 acquiring an additional 592,028 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of WEC Energy Group by 603.1% during 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

WEC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Mizuho set a $124.00 target price on WEC Energy Group in a research note on Wednesday, May 6th. Truist Financial dropped their target price on shares of WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Wall Street Zen lowered shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Barclays upped 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.60.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $118.69 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The stock has a 50 day moving average price of $113.43 and a 200 day moving average price of $112.46. The stock has a market capitalization of $38.66 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.47. WEC Energy Group, Inc. has a 52 week low of $102.51 and a 52 week high of $119.62.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s payout ratio is presently 76.05%.

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.