MGE Energy, Inc. (NASDAQ:MGEE) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 7,129.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,205 shares of the utilities provider’s stock after acquiring an additional 16,967 shares during the quarter. International Assets Investment Management LLC’s holdings in MGE Energy were worth $1,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MGEE. Bank of New York Mellon Corp raised its stake in MGE Energy by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 339,549 shares of the utilities provider’s stock worth $27,093,000 after acquiring an additional 5,115 shares during the period. Bank of Montreal Can bought a new position in MGE Energy in the 1st quarter worth about $833,000. MetLife Investment Management LLC grew its position in MGE Energy by 44.4% in the 1st quarter. MetLife Investment Management LLC now owns 18,484 shares of the utilities provider’s stock worth $1,475,000 after purchasing an additional 5,687 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MGE Energy by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 744,846 shares of the utilities provider’s stock worth $59,431,000 after purchasing an additional 12,427 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in MGE Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,910,789 shares of the utilities provider’s stock worth $312,042,000 after purchasing an additional 19,371 shares during the last quarter. Institutional investors and hedge funds own 52.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director James G. Berbee bought 458 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $82.16 per share, for a total transaction of $37,629.28. Following the completion of the acquisition, the director now directly owns 9,725 shares in the company, valued at approximately $799,006. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on MGEE. TheStreet cut MGE Energy from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. StockNews.com lowered MGE Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

MGE Energy Stock Performance

Shares of MGEE opened at $77.75 on Monday. The firm’s 50 day moving average is $73.34 and its 200-day moving average is $71.96. The stock has a market capitalization of $2.81 billion, a P/E ratio of 23.92 and a beta of 0.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.52 and a quick ratio of 1.05. MGE Energy, Inc. has a 12-month low of $61.94 and a 12-month high of $83.27.

MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.06). The business had revenue of $164.65 million during the quarter, compared to analyst estimates of $190.55 million. MGE Energy had a return on equity of 10.49% and a net margin of 17.05%. Equities research analysts anticipate that MGE Energy, Inc. will post 3.68 EPS 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.