2 weeks Ago By ABMN Staff
Invesco Ltd. raised its stake in MGE Energy, Inc. ( NASDAQ:MGEE – Free Report ) by 30.
3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,852 shares of the utilities provider’s stock after buying an additional 32,555 shares during the period. Invesco Ltd.
owned about 0.39% of MGE Energy worth $13,140,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently made changes to their positions in the company.
Barclays PLC raised its position in MGE Energy by 345.8% during the third quarter. Barclays PLC now owns 62,308 shares of the utilities provider’s stock valued at $5,697,000 after purchasing an additional 48,330 shares in the last quarter.
JPMorgan Chase & Co. boosted its stake in MGE Energy by 16.0% in the third quarter.
JPMorgan Chase & Co. now owns 59,585 shares of the utilities provider’s stock worth $5,449,000 after buying an additional 8,233 shares in the last quarter. Versant Capital Management Inc grew 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 valued at $31,000 after acquiring an additional 257 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of MGE Energy by 196.
1% during the fourth quarter. GAMMA Investing LLC now owns 4,657 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 3,084 shares in the last quarter. Finally, Legacy Private Trust Co.
bought a new stake in shares of MGE Energy in the 4th quarter worth approximately $356,000. Hedge funds and other institutional investors own 52.58% of the company’s stock.
MGE Energy Trading Down 1.0 % Shares of MGEE opened at $89.69 on Tuesday.
The firm has a fifty day simple moving average of $90.99 and a two-hundred day simple moving average of $93.50.
MGE Energy, Inc. has a twelve month low of $72.27 and a twelve month high of $109.
22. The stock has a market capitalization of $3.28 billion, a P/E ratio of 27.
43 and a beta of 0.71. The company has a quick ratio of 0.
94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60.
Wall Street Analyst Weigh In MGEE has been the topic of a number of analyst reports. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a research report on Monday, March 17th. Morgan Stanley boosted their target price on MGE Energy from $78.
00 to $80.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. View Our Latest Stock Report on MGE Energy Insider Buying and Selling In related news, Director James G.
Berbee bought 446 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $90.83 per share, with a total value of $40,510.
18. Following the transaction, the director now owns 11,532 shares in the company, valued at approximately $1,047,451.56.
This trade represents a 4.02 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
0.19% of the stock is currently owned by insiders. 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 Want to see what other hedge funds are holding MGEE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for MGE Energy, Inc. ( NASDAQ:MGEE – Free Report ). Receive News & Ratings for MGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGE Energy and related companies with MarketBeat.
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