Tower Research Capital LLC TRC Boosts Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Tower Research Capital LLC TRC lifted its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 257.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,275 shares of the utilities provider's stock after buying an additional 6,681 shares during the period. Tower Research Capital LLC TRC's holdings in MGE Energy were worth $871,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Guggenheim Capital LLC purchased a new position in MGE Energy during the 4th quarter valued at approximately $232,000. Madison Investment Advisors LLC bought a new stake in MGE Energy during the 4th quarter valued at $295,000. JPMorgan Chase & Co. grew its position in shares of MGE Energy by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,585 shares of the utilities provider's stock worth $5,449,000 after buying an additional 8,233 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of MGE Energy by 62,788.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,660 shares of the utilities provider's stock worth $532,000 after purchasing an additional 5,651 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in MGE Energy in the fourth quarter valued at about $208,000. Institutional investors own 52.58% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports 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 MGE Energy to a "strong sell" rating in a report on Monday, March 17th.

MGE Energy Price Performance

Shares of MGEE traded up $0.16 during midday trading on Thursday, reaching $90.58. The stock had a trading volume of 16,196 shares, compared to its average volume of 140,896. The company has a market capitalization of $3.31 billion, a P/E ratio of 27.71 and a beta of 0.71. 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 firm's 50 day moving average price is $91.01 and its 200-day moving average price is $93.50. MGE Energy, Inc. has a 52 week low of $72.27 and a 52 week high of $109.22.

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 for the quarter, missing the consensus estimate of $0.84 by ($0.23). The company 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 forecast that MGE Energy, Inc. will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling at MGE Energy

In related news, Director James G. Berbee bought 446 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $90.83 per share, with a total value of $40,510.18. Following the completion of the acquisition, the director now owns 11,532 shares of the company's stock, valued at $1,047,451.56. The trade was a 4.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.