Invesco Ltd. Buys 32,555 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Invesco Ltd. grew its position in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,852 shares of the utilities provider's stock after purchasing an additional 32,555 shares during the period. Invesco Ltd. owned approximately 0.39% of MGE Energy worth $13,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in MGE Energy by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 432,877 shares of the utilities provider's stock worth $40,673,000 after acquiring an additional 7,416 shares during the last quarter. Principal Financial Group Inc. increased its stake in MGE Energy by 4.1% in the 4th quarter. Principal Financial Group Inc. now owns 191,447 shares of the utilities provider's stock valued at $17,988,000 after buying an additional 7,554 shares during the last quarter. JPMorgan Chase & Co. lifted its position in MGE Energy by 145.0% during the 4th quarter. JPMorgan Chase & Co. now owns 146,008 shares of the utilities provider's stock worth $13,719,000 after buying an additional 86,423 shares in the last quarter. Swiss National Bank grew its holdings in shares of MGE Energy by 0.7% in the 4th quarter. Swiss National Bank now owns 71,150 shares of the utilities provider's stock valued at $6,685,000 after acquiring an additional 500 shares in the last quarter. Finally, Barclays PLC increased its position in shares of MGE Energy by 345.8% in the third 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. 52.58% of the stock is owned by institutional investors and hedge funds.

MGE Energy Stock Performance

MGE Energy stock traded down $0.36 during mid-day trading on Wednesday, hitting $91.03. 108,682 shares of the company's stock traded hands, compared to its average volume of 142,773. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 27.84 and a beta of 0.71. The firm has a 50 day simple moving average of $91.04 and a two-hundred day simple moving average of $93.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94.

MGE Energy (NASDAQ:MGEE - Get Free Report) last announced 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 company had revenue of $171.42 million for the quarter. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. On average, research analysts expect that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a "strong sell" rating in a report on Monday, March 17th. Morgan Stanley upped their target price on shares of MGE Energy from $78.00 to $80.00 and gave the company an "underweight" rating in a report on Thursday, March 20th.

Insider Buying and Selling

In other MGE Energy news, Director James G. Berbee bought 446 shares of MGE Energy 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 transaction, the director now owns 11,532 shares in the company, valued at $1,047,451.56. The trade was a 4.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by insiders.

MGE Energy Profile

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.