Barclays PLC lifted its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,520 shares of the utilities provider's stock after buying an additional 38,212 shares during the quarter. Barclays PLC owned about 0.28% of MGE Energy worth $9,445,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its position in MGE Energy by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider's stock worth $31,000 after acquiring an additional 257 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in MGE Energy by 88.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 168 shares during the period. Sterling Capital Management LLC grew its holdings in MGE Energy by 656.2% in the 4th quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider's stock valued at $63,000 after buying an additional 584 shares in the last quarter. Smartleaf Asset Management LLC increased its position in MGE Energy by 507.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider's stock worth $105,000 after buying an additional 929 shares during the period. Finally, KBC Group NV lifted its holdings in shares of MGE Energy by 32.2% during the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider's stock worth $139,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 52.58% of the company's stock.
MGE Energy Stock Up 1.9 %
Shares of NASDAQ MGEE opened at $91.39 on Wednesday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 27.95 and a beta of 0.71. The stock's fifty day moving average is $91.00 and its 200 day moving average is $93.49. MGE Energy, Inc. has a 52 week low of $72.27 and a 52 week 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.
MGE Energy (NASDAQ:MGEE - Get Free Report) last released its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.23). The firm 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%. Sell-side analysts forecast that MGE Energy, Inc. will post 3.43 earnings per share for the current fiscal year.
Insider Activity at MGE Energy
In other MGE Energy news, Director James G. Berbee bought 446 shares of MGE Energy stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $90.83 per share, with a total value of $40,510.18. Following the acquisition, the director now owns 11,532 shares in the company, valued at $1,047,451.56. This trade represents a 4.02 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. 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. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a "strong sell" rating in a research report on Monday, March 17th.
Get Our Latest Stock Analysis on MGEE
About MGE Energy
(
Free Report)
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.
Further Reading
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