MGE Energy, Inc. (NASDAQ:MGEE) Shares Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP boosted its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 307.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,843 shares of the utilities provider's stock after buying an additional 59,510 shares during the period. Susquehanna International Group LLP owned 0.22% of MGE Energy worth $7,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hsbc Holdings PLC raised its holdings in shares of MGE Energy by 147.4% in the fourth quarter. Hsbc Holdings PLC now owns 11,141 shares of the utilities provider's stock worth $1,046,000 after buying an additional 6,638 shares during the last quarter. IHT Wealth Management LLC purchased a new position in MGE Energy in the fourth quarter valued at $290,000. Stifel Financial Corp increased its stake in shares of MGE Energy by 12.3% in the 4th quarter. Stifel Financial Corp now owns 3,945 shares of the utilities provider's stock valued at $371,000 after purchasing an additional 433 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in MGE Energy by 257.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,275 shares of the utilities provider's stock worth $871,000 after purchasing an additional 6,681 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in MGE Energy by 4.5% in the fourth quarter. MetLife Investment Management LLC now owns 21,955 shares of the utilities provider's stock valued at $2,063,000 after purchasing an additional 947 shares during the period. Institutional investors own 52.58% of the company's stock.

Insider Activity at MGE Energy

In related news, Director James G. Berbee bought 446 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the acquisition, the director now directly owns 11,532 shares in the company, valued at approximately $1,047,451.56. This trade represents a 4.02 % increase in their position. 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 owned by corporate insiders.

MGE Energy Price Performance

Shares of MGE Energy stock traded down $0.12 during mid-day trading on Wednesday, reaching $91.33. 8,622 shares of the stock traded hands, compared to its average volume of 139,801. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $90.85 and a 200 day moving average of $93.46. The stock has a market capitalization of $3.34 billion, a PE ratio of 27.93 and a beta of 0.80. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22.

MGE Energy (NASDAQ:MGEE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.23). The firm had revenue of $171.42 million during the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. On average, analysts predict that MGE Energy, Inc. will post 3.43 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an "underweight" rating on shares of MGE Energy in a research note on Wednesday, April 23rd. LADENBURG THALM/SH SH raised shares of 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.