4,940 Shares in WEC Energy Group, Inc. (NYSE:WEC) Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC bought a new position in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,940 shares of the utilities provider's stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clean Yield Group grew its stake in WEC Energy Group by 12.6% during the 1st quarter. Clean Yield Group now owns 867 shares of the utilities provider's stock worth $94,000 after buying an additional 97 shares during the last quarter. Callan Family Office LLC purchased a new position in WEC Energy Group during the 4th quarter worth $369,000. Empowered Funds LLC grew its stake in WEC Energy Group by 23.1% during the 4th quarter. Empowered Funds LLC now owns 14,281 shares of the utilities provider's stock valued at $1,343,000 after purchasing an additional 2,680 shares during the last quarter. Teacher Retirement System of Texas grew its stake in WEC Energy Group by 39.9% during the 4th quarter. Teacher Retirement System of Texas now owns 2,959 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 844 shares during the last quarter. Finally, Marshall Investment Management LLC purchased a new stake in WEC Energy Group during the 4th quarter valued at about $422,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms 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 note on Wednesday, May 7th. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Barclays boosted their price target on WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Wells Fargo & Company boosted their price target on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upgraded WEC Energy Group from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $107.13.

Insider Buying and Selling

In related news, VP Joshua M. Erickson sold 2,155 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the completion of the transaction, the vice president now owns 2,686 shares of the company's stock, valued at approximately $289,470.22. This represents a 44.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

WEC Energy Group Stock Down 1.4%

Shares of WEC opened at $104.92 on Monday. WEC Energy Group, Inc. has a 52 week low of $77.47 and a 52 week high of $111.00. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 2.60 and a beta of 0.45. The stock's 50-day moving average price is $106.83 and its 200-day moving average price is $102.83.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.09. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. The company's revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts predict that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

WEC Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were issued a $0.8975 dividend. This is a boost from WEC Energy Group's previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $3.59 dividend on an annualized basis and a yield of 3.42%. WEC Energy Group's dividend payout ratio is presently 69.59%.

About WEC Energy Group

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.

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