Foundry Partners LLC Acquires 300 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Foundry Partners LLC boosted its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,455 shares of the utilities provider’s stock after acquiring an additional 300 shares during the quarter. Foundry Partners LLC’s holdings in MGE Energy were worth $322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in MGE Energy by 4.4% in the third quarter. Victory Capital Management Inc. now owns 1,169,321 shares of the utilities provider’s stock valued at $80,110,000 after acquiring an additional 49,220 shares during the period. Charles Schwab Investment Management Inc. grew its stake in MGE Energy by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,396 shares of the utilities provider’s stock worth $25,581,000 after buying an additional 4,692 shares during the last quarter. Bank of New York Mellon Corp grew its stake in MGE Energy by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 288,434 shares of the utilities provider’s stock worth $19,761,000 after buying an additional 3,353 shares during the last quarter. Swiss National Bank grew its stake in MGE Energy by 1.0% during the third quarter. Swiss National Bank now owns 79,550 shares of the utilities provider’s stock worth $5,450,000 after buying an additional 800 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in MGE Energy by 10.5% during the third quarter. Harbour Investments Inc. now owns 59,000 shares of the utilities provider’s stock worth $4,042,000 after buying an additional 5,593 shares during the last quarter. Institutional investors own 52.58% of the company’s stock.

Insider Transactions at MGE Energy

In related news, Director James G. Berbee bought 458 shares of MGE Energy stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $82.16 per share, for a total transaction of $37,629.28. Following the completion of the transaction, the director now owns 9,725 shares of the company’s stock, valued at $799,006. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on MGEE shares. TheStreet cut shares of MGE Energy from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. StockNews.com cut shares of MGE Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

MGE Energy Price Performance

Shares of MGE Energy stock opened at $77.40 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 23.82 and a beta of 0.72. MGE Energy, Inc. has a 1-year low of $61.94 and a 1-year high of $83.27. The firm’s 50-day moving average price is $73.57 and its two-hundred day moving average price is $72.00.

MGE Energy (NASDAQ:MGEE) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). MGE Energy had a return on equity of 10.49% and a net margin of 17.05%. The company had revenue of $164.65 million for the quarter, compared to analyst estimates of $190.55 million. On average, equities analysts predict that MGE Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.