MGE Energy (NASDAQ:MGEE) Announces Earnings Results

MGE Energy (NASDAQ:MGEEGet Rating) issued its earnings results on Thursday. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02, MarketWatch Earnings reports. MGE Energy had a return on equity of 10.42% and a net margin of 17.44%.

Shares of NASDAQ:MGEE traded down $0.03 during mid-day trading on Friday, hitting $79.40. The company had a trading volume of 67,890 shares, compared to its average volume of 75,505. The firm has a fifty day moving average price of $78.96 and a 200 day moving average price of $77.41. The company has a market capitalization of $2.87 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 4.24 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.69 and a quick ratio of 1.25. MGE Energy has a one year low of $69.23 and a one year high of $84.96.

In other MGE Energy news, Director James L. Possin purchased 400 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was acquired at an average price of $70.05 per share, for a total transaction of $28,020.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James G. Berbee purchased 1,067 shares of the firm’s stock in a transaction on Friday, March 4th. The shares were acquired at an average price of $74.86 per share, with a total value of $79,875.62. The disclosure for this purchase can be found here. Insiders bought a total of 1,598 shares of company stock valued at $117,891 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Madison Asset Management LLC bought a new stake in shares of MGE Energy in the 4th quarter worth $221,000. Janus Henderson Group PLC purchased a new position in shares of MGE Energy in the 3rd quarter worth about $268,000. Citadel Advisors LLC purchased a new position in shares of MGE Energy in the 3rd quarter worth about $304,000. Susquehanna International Group LLP boosted its holdings in shares of MGE Energy by 122.3% in the 4th quarter. Susquehanna International Group LLP now owns 6,446 shares of the utilities provider’s stock worth $530,000 after buying an additional 3,546 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of MGE Energy by 56.3% in the 4th quarter. Citigroup Inc. now owns 9,987 shares of the utilities provider’s stock worth $821,000 after buying an additional 3,597 shares during the last quarter. Hedge funds and other institutional investors own 50.39% of the company’s stock.

A number of equities analysts have issued reports on MGEE shares. TheStreet raised MGE Energy from a “c+” rating to a “b” rating in a report on Wednesday, April 6th. Zacks Investment Research raised MGE Energy from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Wednesday, April 20th. StockNews.com initiated coverage on MGE Energy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley increased their price target on MGE Energy from $73.00 to $78.00 and gave the company an “underweight” rating in a research note on Wednesday, April 20th.

MGE Energy Company Profile (Get Rating)

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.

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Earnings History for MGE Energy (NASDAQ:MGEE)

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