WEC Energy Group, Inc. $WEC Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management cut its WEC Energy Group holdings by 84.2% in the second quarter, selling 89,678 shares and retaining 16,792 shares valued at approximately $1.96 million. Institutional investors collectively own 77.2% of the company.
• WEC reported quarterly EPS of $0.91, exceeding the $0.80 analyst consensus, while revenue rose 2.6% year over year to $2.06 billion. The company provided fiscal 2026 EPS guidance of $5.51–$5.61.
• The utility declared a quarterly dividend of $0.9525 per share, equivalent to an annualized $3.81 and a 3.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $122.41.

Brookstone Capital Management decreased its holdings in shares of WEC Energy Group, Inc. (NYSE:WEC - Free Report) by 84.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,792 shares of the utilities provider's stock after selling 89,678 shares during the quarter. Brookstone Capital Management's holdings in WEC Energy Group were worth $1,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. QRG Capital Management Inc. lifted its holdings in WEC Energy Group by 20.0% in the second quarter. QRG Capital Management Inc. now owns 27,374 shares of the utilities provider's stock worth $3,196,000 after acquiring an additional 4,553 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of WEC Energy Group by 23.7% during the second quarter. CWA Asset Management Group LLC now owns 4,650 shares of the utilities provider's stock valued at $543,000 after purchasing an additional 890 shares during the last quarter. Spirit of America Management Corp NY grew its holdings in shares of WEC Energy Group by 2.3% during the second quarter. Spirit of America Management Corp NY now owns 21,800 shares of the utilities provider's stock valued at $2,546,000 after purchasing an additional 500 shares during the last quarter. Thompson Investment Management Inc. raised its position in shares of WEC Energy Group by 0.3% during the 2nd quarter. Thompson Investment Management Inc. now owns 67,866 shares of the utilities provider's stock worth $7,925,000 after purchasing an additional 183 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth approximately $3,773,000. Institutional investors and hedge funds own 77.20% of the company's stock.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director owned 19,588 shares of the company's stock, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares of the company's stock, valued at $815,112.16. This represents a 38.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by insiders.

WEC Energy Group Stock Performance

WEC opened at $108.96 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The business's 50 day moving average is $113.31 and its 200-day moving average is $113.76. The stock has a market cap of $35.50 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.85 and a beta of 0.47. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business 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 company posted $0.76 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, August 14th. WEC Energy Group's payout ratio is currently 73.84%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WEC. Wells Fargo & Company restated an "overweight" rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Tuesday, April 21st. Barclays increased their target price on 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. LADENBURG THALM/SH SH cut WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 target price on the stock. in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Sunday, May 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $122.41.

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.

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