MGE Energy, Inc. (NASDAQ:MGEE) Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC increased its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 108.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,172 shares of the utilities provider’s stock after purchasing an additional 5,807 shares during the quarter. NorthRock Partners LLC’s holdings in MGE Energy were worth $1,050,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Occudo Quantitative Strategies LP acquired a new position in MGE Energy in the 4th quarter worth about $211,000. Millennium Management LLC raised its stake in shares of MGE Energy by 134.8% during the 4th quarter. Millennium Management LLC now owns 106,611 shares of the utilities provider’s stock worth $10,017,000 after buying an additional 61,200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in MGE Energy by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,753 shares of the utilities provider’s stock worth $1,950,000 after acquiring an additional 803 shares during the period. Graham Capital Management L.P. acquired a new position in MGE Energy during the fourth quarter worth $1,244,000. Finally, Focus Partners Wealth acquired a new position in MGE Energy during the fourth quarter worth $116,000. Institutional investors and hedge funds own 52.58% of the company’s stock.

Insider Buying and Selling at MGE Energy

In other MGE Energy news, Director James G. Berbee acquired 446 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $90.83 per share, for a total transaction of $40,510.18. Following the acquisition, the director now owns 11,532 shares in the company, valued at approximately $1,047,451.56. The trade was a 4.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.

MGE Energy Stock Down 0.5%

NASDAQ MGEE opened at $89.71 on Thursday. The business has a fifty day moving average price of $90.85 and a 200 day moving average price of $93.41. MGE Energy, Inc. has a one year low of $72.27 and a one year high of $109.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. The company has a market cap of $3.28 billion, a P/E ratio of 27.43 and a beta of 0.80.

MGE Energy (NASDAQ:MGEE) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $218.97 million during the quarter, compared to analysts’ expectations of $202.42 million. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. Research analysts anticipate that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MGEE shares. Morgan Stanley restated an “underweight” rating on shares of MGE Energy in a research report on Wednesday, April 23rd. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a research report on Friday, May 9th.

About MGE Energy

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services.