MGE Energy, Inc. (NASDAQ:MGEE) Position Increased by Northern Trust Corp

Northern Trust Corp boosted its position in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 393,127 shares of the utilities provider's stock after purchasing an additional 24,605 shares during the quarter. Northern Trust Corp owned approximately 1.09% of MGE Energy worth $36,938,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 acquiring an additional 168 shares in the last quarter. Sterling Capital Management LLC increased its stake 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 purchasing an additional 584 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 929 shares during the last quarter. KBC Group NV increased its stake 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 purchasing an additional 360 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake 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 purchasing an additional 1,684 shares during the last quarter. 52.58% of the stock is currently owned by hedge funds and other institutional investors.

MGE Energy Stock Down 0.9%

Shares of MGEE stock traded down $0.78 during trading hours on Monday, reaching $90.30. The company had a trading volume of 126,822 shares, compared to its average volume of 139,876. 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 twelve month low of $72.27 and a twelve month high of $109.22. The company has a market capitalization of $3.30 billion, a P/E ratio of 27.61 and a beta of 0.80. The stock's fifty day simple moving average is $90.83 and its 200 day simple moving average is $93.46.

MGE Energy (NASDAQ:MGEE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. The business had revenue of $218.97 million during the quarter, compared to analyst estimates of $202.42 million. As a group, sell-side analysts expect that MGE Energy, Inc. will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling at MGE Energy

In other MGE Energy news, Director James G. Berbee acquired 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, for a total transaction of $40,510.18. Following the purchase, the director now directly owns 11,532 shares in the company, valued at $1,047,451.56. This trade represents a 4.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a research note on Monday, March 17th. Morgan Stanley restated an "underweight" rating on shares of MGE Energy in a research note on Wednesday, April 23rd.

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.