WEC Energy Group, Inc. $WEC Stock Holdings Cut by Brookstone Capital Management

Brookstone Capital Management cut its position in shares of WEC Energy Group, Inc. (NYSE:WEC) by 84.2% during the 2nd quarter, Holdings Channel reports. The firm owned 16,792 shares of the utilities provider’s stock after selling 89,678 shares during the period. Brookstone Capital Management’s holdings in WEC Energy Group were worth $1,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in WEC Energy Group by 2.0% during 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 buying an additional 819,627 shares in the last quarter. Geode Capital Management LLC raised its position in WEC Energy Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after acquiring an additional 88,557 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in WEC Energy Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock worth $562,826,000 after acquiring an additional 52,467 shares in the last quarter. Northern Trust Corp lifted its holdings in WEC Energy Group by 1.4% in the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after acquiring an additional 48,903 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after acquiring an additional 2,136,542 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 2.1%

Shares of WEC opened at $108.96 on Thursday. The business’s 50-day moving average price is $113.31 and its 200 day moving average price is $113.76. The stock has a market capitalization of $35.50 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.85 and a beta of 0.47. WEC Energy Group, Inc. has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction that occurred 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 transaction, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. The trade was a 38.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the transaction, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays raised their price objective on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research note on Wednesday, May 6th. Truist Financial raised their target price on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Weiss Ratings lowered shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Finally, BMO Capital Markets dropped their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.41.

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.