Brookstone Capital Management Has $12.33 Million Stock Position in WEC Energy Group, Inc. $WEC

Brookstone Capital Management lessened its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,470 shares of the utilities provider’s stock after selling 5,842 shares during the quarter. Brookstone Capital Management’s holdings in WEC Energy Group were worth $12,326,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WEC. Campbell Newman Asset Management Inc. increased its position in WEC Energy Group by 1.1% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 375,749 shares of the utilities provider’s stock valued at $43,500,000 after buying an additional 4,080 shares in the last quarter. Evolve Private Wealth LLC grew its stake in WEC Energy Group by 7.7% in the first quarter. Evolve Private Wealth LLC now owns 6,370 shares of the utilities provider’s stock valued at $737,000 after acquiring an additional 457 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of WEC Energy Group by 28.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 678,954 shares of the utilities provider’s stock valued at $78,603,000 after acquiring an additional 149,635 shares in the last quarter. Park National Corp OH increased its holdings in shares of WEC Energy Group by 12.9% during the first quarter. Park National Corp OH now owns 152,486 shares of the utilities provider’s stock valued at $17,653,000 after acquiring an additional 17,476 shares in the last quarter. Finally, Genesis Private Wealth LLC acquired a new position in shares of WEC Energy Group during the first quarter worth approximately $217,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WEC shares. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. dropped their price objective on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Barclays boosted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Truist Financial cut their price target on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus target price of $122.12.

WEC Energy Group Price Performance

WEC opened at $112.97 on Tuesday. WEC Energy Group, Inc. has a 1 year low of $102.49 and a 1 year high of $119.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.70 and a beta of 0.47. The firm’s fifty day moving average price is $113.23 and its two-hundred day moving average price is $111.78.

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

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Insider Buying and Selling

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

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.