NorthRock Partners LLC Boosts Position in MGE Energy, Inc. (NASDAQ:MGEE)

NorthRock Partners LLC grew its position in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 108.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,172 shares of the utilities provider's stock after purchasing an additional 5,807 shares during the quarter. NorthRock Partners LLC's holdings in MGE Energy were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Barclays PLC boosted 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 worth $5,697,000 after acquiring an additional 48,330 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of MGE Energy by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 59,585 shares of the utilities provider's stock worth $5,449,000 after acquiring an additional 8,233 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 168 shares during the last quarter. Merit Financial Group LLC lifted its position in MGE Energy by 1.7% during the fourth quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider's stock valued at $665,000 after purchasing an additional 116 shares during the last quarter. Finally, Annex Advisory Services LLC bought a new position in MGE Energy during the fourth quarter valued at $320,000. 52.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MGEE has been the subject of several research reports. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a "strong sell" rating in a research report on Friday, May 9th. Morgan Stanley reiterated an "underweight" rating on shares of MGE Energy in a research report on Wednesday, April 23rd.

Insider Transactions at MGE Energy

In other news, Director James G. Berbee bought 446 shares of the stock in a transaction dated 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 acquisition, the director now owns 11,532 shares of the company's stock, valued at $1,047,451.56. The trade was a 4.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company's stock.

MGE Energy Price Performance

MGEE stock traded up $0.97 during trading on Friday, hitting $92.60. 150,222 shares of the company's stock traded hands, compared to its average volume of 139,518. MGE Energy, Inc. has a 52 week low of $72.27 and a 52 week high of $109.22. 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 business has a fifty day simple moving average of $90.84 and a 200 day simple moving average of $93.45. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 28.32 and a beta of 0.80.

MGE Energy (NASDAQ:MGEE - Get Free Report) last released its earnings results on Wednesday, May 7th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The firm had revenue of $218.97 million during 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%. As a group, research analysts expect that MGE Energy, Inc. will post 3.43 EPS for the current fiscal 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.