Susquehanna Fundamental Investments LLC Buys New Stake in MGE Energy, Inc. (NASDAQ:MGEE)

Susquehanna Fundamental Investments LLC acquired a new position in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 48,487 shares of the utilities provider's stock, valued at approximately $4,556,000. Susquehanna Fundamental Investments LLC owned 0.13% of MGE Energy at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MGEE. Dimensional Fund Advisors LP grew its stake in shares of MGE Energy by 0.3% during 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 period. Charles Schwab Investment Management Inc. boosted its holdings in shares of MGE Energy by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 432,877 shares of the utilities provider's stock worth $40,673,000 after buying an additional 7,416 shares during the last quarter. Principal Financial Group Inc. grew its position in MGE Energy by 4.1% during the fourth quarter. Principal Financial Group Inc. now owns 191,447 shares of the utilities provider's stock valued at $17,988,000 after buying an additional 7,554 shares during the period. JPMorgan Chase & Co. increased its holdings in MGE Energy by 145.0% during the fourth quarter. JPMorgan Chase & Co. now owns 146,008 shares of the utilities provider's stock valued at $13,719,000 after buying an additional 86,423 shares during the last quarter. Finally, Invesco Ltd. raised its position in MGE Energy by 30.3% in the fourth quarter. Invesco Ltd. now owns 139,852 shares of the utilities provider's stock worth $13,140,000 after acquiring an additional 32,555 shares during the period. Hedge funds and other institutional investors own 52.58% of the company's stock.

Wall Street Analysts Forecast Growth

MGEE has been the subject of several recent research reports. LADENBURG THALM/SH SH raised MGE Energy to a "strong sell" rating in a report on Monday, March 17th. Morgan Stanley reissued an "underweight" rating on shares of MGE Energy in a report on Wednesday, April 23rd.

MGE Energy Price Performance

MGE Energy stock traded up $0.55 during mid-day trading on Friday, hitting $90.89. The stock had a trading volume of 73,387 shares, compared to its average volume of 140,993. MGE Energy, Inc. has a one year low of $72.27 and a one year high of $109.22. 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 firm has a market capitalization of $3.32 billion, a P/E ratio of 27.80 and a beta of 0.71. The firm's 50 day moving average is $90.96 and its 200 day moving average is $93.50.

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

Insider Transactions at MGE Energy

In related news, Director James G. Berbee purchased 446 shares of MGE Energy stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the acquisition, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company's stock.

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.