Benjamin Edwards Inc. Acquires New Position in MGE Energy, Inc. (NASDAQ:MGEE)

Benjamin Edwards Inc. acquired a new stake in MGE Energy, Inc. (NASDAQ:MGEE) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,130 shares of the utilities provider’s stock, valued at approximately $200,000.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in MGE Energy by 88.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock valued at $34,000 after buying an additional 168 shares during the period. Sterling Capital Management LLC lifted its holdings in MGE Energy by 656.2% in the fourth quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider’s stock valued at $63,000 after buying an additional 584 shares during the period. Smartleaf Asset Management LLC lifted its holdings in MGE Energy by 507.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider’s stock valued at $105,000 after buying an additional 929 shares during the period. KBC Group NV lifted its holdings in MGE Energy by 32.2% in the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after buying an additional 360 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in MGE Energy by 7,321.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider’s stock valued at $160,000 after buying an additional 1,684 shares during the period. 52.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MGEE has been the topic of several analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of MGE Energy in a report on Wednesday, April 23rd. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a report on Monday, March 17th.

Insider Transactions at MGE Energy

In other MGE Energy news, Director James G. Berbee bought 446 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired 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 approximately $1,047,451.56. This trade represents a 4.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.

MGE Energy Trading Up 0.9%

MGEE opened at $91.08 on Monday. The firm’s fifty day moving average is $90.82 and its two-hundred day moving average is $93.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. The firm has a market cap of $3.33 billion, a PE ratio of 27.85 and a beta of 0.80. MGE Energy, Inc. has a twelve month low of $72.27 and a twelve month high of $109.22.

MGE Energy (NASDAQ:MGEE) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.16. The company had revenue of $218.97 million for the quarter, compared to analyst estimates of $202.42 million. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. Equities research analysts anticipate that MGE Energy, Inc. will post 3.43 EPS for the current year.

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.