Shell Asset Management Co. lowered its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE – Get Rating) by 17.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,505 shares of the utilities provider’s stock after selling 1,535 shares during the period. Shell Asset Management Co.’s holdings in MGE Energy were worth $528,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Wipfli Financial Advisors LLC purchased a new position in MGE Energy in the third quarter valued at about $318,000. Virtu Financial LLC bought a new stake in shares of MGE Energy in the 3rd quarter valued at approximately $508,000. Creative Financial Designs Inc. ADV increased its holdings in MGE Energy by 16.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 3,851 shares of the utilities provider’s stock worth $253,000 after buying an additional 556 shares during the last quarter. ICW Investment Advisors LLC raised its position in MGE Energy by 3.2% during the fourth quarter. ICW Investment Advisors LLC now owns 7,356 shares of the utilities provider’s stock valued at $518,000 after acquiring an additional 227 shares in the last quarter. Finally, MBE Wealth Management LLC lifted its stake in MGE Energy by 40.3% in the fourth quarter. MBE Wealth Management LLC now owns 6,389 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 1,834 shares during the last quarter. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MGEE has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of MGE Energy from $68.00 to $72.00 and gave the company an “underweight” rating in a report on Thursday, April 20th. StockNews.com started coverage on MGE Energy in a report on Thursday, March 16th. They set a “hold” rating on the stock.
Insider Activity
MGE Energy Stock Up 0.9 %
MGEE opened at $77.96 on Friday. The firm has a market cap of $2.82 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 4.29 and a beta of 0.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.75 and a current ratio of 1.08. The business has a 50 day moving average price of $75.49 and a 200 day moving average price of $72.12. MGE Energy, Inc. has a twelve month low of $61.67 and a twelve month high of $86.27.
MGE Energy (NASDAQ:MGEE – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The utilities provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.08). MGE Energy had a return on equity of 10.41% and a net margin of 15.53%. The firm had revenue of $189.83 million during the quarter, compared to analyst estimates of $171.35 million. Research analysts forecast that MGE Energy, Inc. will post 3.37 EPS for the current year.
MGE Energy Profile
MGE Energy, Inc engages in the provision of natural gases and electric services. It operates though the following segments: Regulated Electric Utility Operations, Regulated Gas Utility Operations, Non-Regulated Energy Operations, Transmission Investments, and All Other. The Regulated Electric Utility Operations segment involves generating, purchasing, and distributing electricity.
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