8,480 Shares in MGE Energy, Inc. (NASDAQ:MGEE) Purchased by Alpine Global Management LLC

Alpine Global Management LLC bought a new position in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,480 shares of the utilities provider's stock, valued at approximately $797,000.

Several other large investors have also modified their holdings of the business. Barclays PLC increased its stake in shares of MGE Energy by 345.8% during the 3rd quarter. Barclays PLC now owns 62,308 shares of the utilities provider's stock valued at $5,697,000 after acquiring an additional 48,330 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of MGE Energy by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,585 shares of the utilities provider's stock worth $5,449,000 after purchasing an additional 8,233 shares during the period. Versant Capital Management Inc raised its holdings in MGE Energy by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider's stock valued at $31,000 after buying an additional 257 shares during the period. GAMMA Investing LLC lifted its position in MGE Energy by 196.1% during the fourth quarter. GAMMA Investing LLC now owns 4,657 shares of the utilities provider's stock valued at $438,000 after buying an additional 3,084 shares in the last quarter. Finally, Legacy Private Trust Co. purchased a new stake in MGE Energy during the 4th quarter worth $356,000. 52.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James G. Berbee acquired 446 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $90.83 per share, with a total value of $40,510.18. Following the completion of the acquisition, the director now owns 11,532 shares in the company, valued at approximately $1,047,451.56. This represents a 4.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MGEE shares. LADENBURG THALM/SH SH raised shares of MGE Energy to a "strong sell" rating in a research note on Monday, March 17th. Morgan Stanley raised their price target on shares of MGE Energy from $78.00 to $80.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th.

MGE Energy Trading Down 1.0 %

NASDAQ:MGEE opened at $89.69 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94. The business has a 50 day simple moving average of $90.99 and a 200 day simple moving average of $93.50. The firm has a market capitalization of $3.28 billion, a P/E ratio of 27.43 and a beta of 0.71. MGE Energy, Inc. has a 12-month low of $72.27 and a 12-month high of $109.22.

MGE Energy (NASDAQ:MGEE - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.23). The company had revenue of $171.42 million during the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. Equities research analysts predict that MGE Energy, Inc. will post 3.43 EPS for the current year.

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.

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