Barclays PLC Buys 38,212 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Barclays PLC lifted its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,520 shares of the utilities provider's stock after acquiring an additional 38,212 shares during the quarter. Barclays PLC owned 0.28% of MGE Energy worth $9,445,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Versant Capital Management Inc grew its stake in MGE Energy by 367.1% during the 4th 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in MGE Energy by 88.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider's stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in MGE Energy by 656.2% in the 4th quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider's stock worth $63,000 after purchasing an additional 584 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in MGE Energy by 507.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider's stock worth $105,000 after purchasing an additional 929 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of MGE Energy by 32.2% during the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider's stock worth $139,000 after buying an additional 360 shares during the last quarter. 52.58% of the stock is owned by institutional investors.

Insider Activity at MGE Energy

In other news, Director James G. Berbee bought 446 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $90.83 per share, with a total value of $40,510.18. Following the completion of the purchase, the director now owns 11,532 shares of the company's stock, valued at approximately $1,047,451.56. This trade represents a 4.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

MGE Energy Price Performance

Shares of MGEE stock traded up $0.21 during trading hours on Monday, reaching $90.06. 92,677 shares of the company were exchanged, compared to its average volume of 141,696. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22. The stock's fifty day moving average is $91.04 and its two-hundred day moving average is $93.54. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 27.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94.

MGE Energy (NASDAQ:MGEE - Get Free Report) last announced its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.23). MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. The company had revenue of $171.42 million for the quarter. Sell-side analysts forecast that MGE Energy, Inc. will post 3.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MGEE. Morgan Stanley upped their price target on MGE Energy from $78.00 to $80.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a research report on Monday, March 17th.

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.