Albion Financial Group UT Buys 5,548 Shares of WEC Energy Group, Inc. (NYSE:WEC)

Albion Financial Group UT increased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,951 shares of the utilities provider's stock after buying an additional 5,548 shares during the quarter. Albion Financial Group UT's holdings in WEC Energy Group were worth $6,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Larson Financial Group LLC boosted 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 valued at $26,000 after buying an additional 268 shares during the period. Prudent Man Investment Management Inc. acquired a new position in WEC Energy Group during the 4th quarter worth $28,000. Opal Wealth Advisors LLC acquired a new stake in WEC Energy Group in the 1st quarter valued at approximately $32,000. Golden State Wealth Management LLC raised its stake in WEC Energy Group by 252.6% during the 1st quarter. Golden State Wealth Management LLC now owns 342 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. Finally, Hoey Investments Inc. acquired a new stake in WEC Energy Group during the fourth quarter worth about $42,000. 77.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, VP Joshua M. Erickson sold 2,155 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total transaction of $232,244.35. Following the transaction, the vice president owned 2,686 shares of the company's stock, valued at $289,470.22. The trade was a 44.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WEC. Scotiabank set a $115.00 price target on WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $106.00 to $108.00 in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Sunday. The Goldman Sachs Group lowered shares of WEC Energy Group from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $106.00 to $100.00 in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company increased their target price on shares of WEC Energy Group from $115.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of "Hold" and a consensus price target of $106.33.

WEC Energy Group Stock Up 1.1%

WEC traded up $1.09 during trading on Monday, hitting $104.22. The company had a trading volume of 1,925,800 shares, compared to its average volume of 2,142,809. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $33.26 billion, a PE ratio of 20.32, a PEG ratio of 2.83 and a beta of 0.45. The firm's 50-day moving average price is $106.34 and its 200 day moving average price is $103.27. WEC Energy Group, Inc. has a one year low of $77.47 and a one year high of $111.00.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.09. WEC Energy Group had a net margin of 17.95% and a return on equity of 12.94%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the firm earned $1.97 earnings per share. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, equities analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were paid a $0.8975 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. This represents a $3.59 annualized dividend and a dividend yield of 3.44%. WEC Energy Group's dividend payout ratio (DPR) is currently 69.59%.

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.