Schonfeld Strategic Advisors LLC Invests $961,000 in MGE Energy, Inc. (NASDAQ:MGEE)

Schonfeld Strategic Advisors LLC purchased a new position in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,233 shares of the utilities provider's stock, valued at approximately $961,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 valued at $34,000 after buying an additional 168 shares in the last quarter. Sterling Capital Management LLC lifted its stake in MGE Energy by 656.2% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 valued at $105,000 after buying an additional 929 shares in the last quarter. KBC Group NV lifted its stake in shares of MGE Energy by 32.2% during the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider's stock worth $139,000 after purchasing an additional 360 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of MGE Energy by 7,321.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider's stock worth $160,000 after purchasing an additional 1,684 shares during the last quarter. Institutional investors and hedge funds own 52.58% of the company's stock.

MGE Energy Stock Down 0.9%

MGE Energy stock traded down $0.78 during midday trading on Monday, hitting $90.30. The stock had a trading volume of 126,822 shares, compared to its average volume of 139,876. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.30 billion, a P/E ratio of 27.61 and a beta of 0.80. MGE Energy, Inc. has a 12 month low of $72.27 and a 12 month high of $109.22. The business has a fifty day moving average price of $90.82 and a 200 day moving average price of $93.47.

MGE Energy (NASDAQ:MGEE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $1.14 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 company had revenue of $218.97 million during the quarter, compared to the consensus estimate of $202.42 million. Research analysts predict that MGE Energy, Inc. will post 3.43 EPS for the current year.

Insider Buying and Selling at MGE Energy

In related news, Director James G. Berbee bought 446 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the completion of the purchase, the director now directly owns 11,532 shares in the company, valued at approximately $1,047,451.56. The trade was a 4.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MGEE. Morgan Stanley reiterated an "underweight" rating on shares of MGE Energy in a report on Wednesday, April 23rd. LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a 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.