2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. boosted its position in shares of MGE Energy, Inc. ( NASDAQ:MGEE – Free Report ) by 4.
7% during the 4th quarter, HoldingsChannel reports. The fund owned 3,814 shares of the utilities provider’s stock after buying an additional 172 shares during the quarter. Summit Investment Advisors Inc.
’s holdings in MGE Energy were worth $358,000 as of its most recent filing with the Securities & Exchange Commission. Several other large investors have also recently added to or reduced their stakes in MGEE. Barclays PLC increased its position in shares of 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 during the period. JPMorgan Chase & Co.
increased its holdings in MGE Energy by 16.0% in the 3rd quarter. JPMorgan Chase & Co.
now owns 59,585 shares of the utilities provider’s stock valued at $5,449,000 after buying an additional 8,233 shares during the period. Versant Capital Management Inc raised its stake in shares of MGE Energy by 367.1% in the 4th 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of MGE Energy by 196.1% during the 4th 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 during the period. Finally, Legacy Private Trust Co. acquired a new stake in shares of MGE Energy during the 4th quarter valued at about $356,000.
Institutional investors and hedge funds own 52.58% of the company’s stock. Insider Transactions at MGE Energy In other MGE Energy news, Director James G.
Berbee acquired 446 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $90.83 per share, for a total transaction of $40,510.
18. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
0.19% of the stock is owned by company insiders. Analyst Ratings Changes Get Our Latest Research Report on MGEE MGE Energy Stock Up 0.
3 % Shares of NASDAQ:MGEE opened at $90.58 on Monday. The company’s fifty day moving average is $90.
98 and its 200-day moving average is $93.51. 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, Inc. has a 52 week low of $72.27 and a 52 week high of $109.
22. The company has a market capitalization of $3.31 billion, a PE ratio of 27.
70 and a beta of 0.71. MGE Energy ( NASDAQ:MGEE – Get Free Report ) last released its quarterly earnings results on Tuesday, February 25th.
The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates 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%.
Equities research analysts predict that MGE Energy, Inc. will post 3.43 earnings per share for the current fiscal year.
MGE Energy Company Profile ( 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.
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