Cwm LLC Sells 1,716 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Cwm LLC lowered its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 8.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,521 shares of the utilities provider’s stock after selling 1,716 shares during the period. Cwm LLC’s holdings in MGE Energy were worth $1,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Arizona State Retirement System boosted its stake in MGE Energy by 1.4% in the third quarter. Arizona State Retirement System now owns 10,296 shares of the utilities provider’s stock worth $705,000 after purchasing an additional 138 shares in the last quarter. Covestor Ltd boosted its stake in MGE Energy by 31.6% in the third quarter. Covestor Ltd now owns 641 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 154 shares in the last quarter. Keybank National Association OH boosted its stake in MGE Energy by 4.2% in the third quarter. Keybank National Association OH now owns 4,115 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 165 shares in the last quarter. Magellan Asset Management Ltd boosted its stake in MGE Energy by 1.1% in the third quarter. Magellan Asset Management Ltd now owns 25,862 shares of the utilities provider’s stock worth $1,772,000 after purchasing an additional 287 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in MGE Energy by 8.6% in the third quarter. IFM Investors Pty Ltd now owns 4,861 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 383 shares in the last quarter. Institutional investors and hedge funds own 52.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MGE Energy Trading Down 1.4 %

Shares of MGEE opened at $77.60 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.65. MGE Energy, Inc. has a 12-month low of $61.94 and a 12-month high of $83.27. The firm has a market capitalization of $2.81 billion, a PE ratio of 23.88 and a beta of 0.72. The stock’s fifty day simple moving average is $74.64 and its 200-day simple moving average is $72.18.

MGE Energy (NASDAQ:MGEE) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). The company had revenue of $164.65 million during the quarter, compared to the consensus estimate of $190.55 million. MGE Energy had a net margin of 17.05% and a return on equity of 10.49%. As a group, research analysts predict that MGE Energy, Inc. will post 3.69 earnings per share for the current year.

Insider Activity at MGE Energy

In related news, Director James G. Berbee acquired 458 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average price of $82.16 per share, for a total transaction of $37,629.28. Following the completion of the acquisition, the director now owns 9,725 shares of the company’s stock, valued at approximately $799,006. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

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.