Price T Rowe Associates Inc. MD Has $3.24 Million Stock Position in MGE Energy, Inc. (NASDAQ:MGEE)

Price T Rowe Associates Inc. MD trimmed its position in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,447 shares of the utilities provider's stock after selling 13,318 shares during the period. Price T Rowe Associates Inc. MD owned 0.10% of MGE Energy worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in MGE Energy by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 769,612 shares of the utilities provider's stock valued at $72,314,000 after purchasing an additional 2,225 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MGE Energy by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 432,877 shares of the utilities provider's stock worth $40,673,000 after acquiring an additional 7,416 shares during the last quarter. Principal Financial Group Inc. raised its stake in MGE Energy by 4.1% in the 4th quarter. Principal Financial Group Inc. now owns 191,447 shares of the utilities provider's stock valued at $17,988,000 after acquiring an additional 7,554 shares during the period. JPMorgan Chase & Co. raised its stake in MGE Energy by 145.0% in the 4th quarter. JPMorgan Chase & Co. now owns 146,008 shares of the utilities provider's stock valued at $13,719,000 after acquiring an additional 86,423 shares during the period. Finally, Invesco Ltd. boosted its position in MGE Energy by 30.3% during the fourth quarter. Invesco Ltd. now owns 139,852 shares of the utilities provider's stock worth $13,140,000 after purchasing an additional 32,555 shares during the period. 52.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of MGE Energy to a "strong sell" rating in a research report on Monday, March 17th. Morgan Stanley reissued an "underweight" rating on shares of MGE Energy in a report on Wednesday, April 23rd.

Insider Activity at MGE Energy

In related news, Director James G. Berbee acquired 446 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $90.83 per share, with a total value of $40,510.18. Following the acquisition, the director now directly owns 11,532 shares of the company's stock, valued at approximately $1,047,451.56. The trade was a 4.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

MGE Energy Stock Performance

NASDAQ MGEE traded up $0.77 on Friday, reaching $91.08. The stock had a trading volume of 81,189 shares, compared to its average volume of 139,928. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94. The company has a market cap of $3.33 billion, a P/E ratio of 27.85 and a beta of 0.80. The firm has a fifty day moving average of $90.82 and a two-hundred day moving average of $93.45. MGE Energy, Inc. has a 1-year low of $72.27 and a 1-year high of $109.22.

MGE Energy (NASDAQ:MGEE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.16. The business 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%. On average, equities research analysts anticipate that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Company 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.