6,147 Shares in MGE Energy, Inc. (NASDAQ:MGEE) Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. bought a new stake in MGE Energy, Inc. (NASDAQ:MGEE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,147 shares of the utilities provider’s stock, valued at approximately $444,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in MGE Energy by 5.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,229,511 shares of the utilities provider’s stock worth $88,906,000 after buying an additional 60,190 shares in the last quarter. Beck Bode LLC increased its holdings in shares of MGE Energy by 8.9% during the fourth quarter. Beck Bode LLC now owns 10,325 shares of the utilities provider’s stock valued at $747,000 after purchasing an additional 842 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of MGE Energy by 55.8% during the fourth quarter. Russell Investments Group Ltd. now owns 22,786 shares of the utilities provider’s stock valued at $1,648,000 after purchasing an additional 8,162 shares during the period. Foundry Partners LLC raised its stake in shares of MGE Energy by 7.2% during the fourth quarter. Foundry Partners LLC now owns 4,455 shares of the utilities provider’s stock valued at $322,000 after purchasing an additional 300 shares in the last quarter. Finally, North Star Asset Management Inc. acquired a new stake in MGE Energy in the fourth quarter worth about $227,000. Institutional investors and hedge funds own 52.58% of the company’s stock.

Insider Activity

In related news, Director James G. Berbee purchased 458 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $82.16 per share, for a total transaction of $37,629.28. Following the completion of the acquisition, the director now owns 9,725 shares in the company, valued at approximately $799,006. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by corporate insiders.

MGE Energy Price Performance

NASDAQ MGEE opened at $79.91 on Monday. MGE Energy, Inc. has a 1 year low of $61.94 and a 1 year high of $83.27. The business’s fifty day moving average is $76.06 and its two-hundred day moving average is $72.46. The stock has a market capitalization of $2.89 billion, a P/E ratio of 24.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.05 and a current ratio of 1.52.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.06). MGE Energy had a net margin of 17.05% and a return on equity of 10.49%. The business had revenue of $164.65 million for the quarter, compared to analyst estimates of $190.55 million. On average, research analysts forecast that MGE Energy, Inc. will post 3.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

MGEE has been the topic of a number of recent analyst reports. TheStreet downgraded shares of MGE Energy from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. StockNews.com cut MGE Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

About MGE Energy

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.