Citadel Advisors LLC Has $3.79 Million Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Citadel Advisors LLC reduced its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,356 shares of the utilities provider’s stock after selling 131 shares during the quarter. Citadel Advisors LLC owned 0.11% of MGE Energy worth $3,792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MGEE. Sterling Capital Management LLC boosted its stake in MGE Energy by 656.2% during the 4th quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 584 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in MGE Energy by 507.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider’s stock worth $105,000 after buying an additional 929 shares in the last quarter. KBC Group NV raised its position in MGE Energy by 32.2% in the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after buying an additional 360 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in MGE Energy by 7,321.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 1,684 shares in the last quarter. Finally, EnRich Financial Partners LLC boosted its holdings in MGE Energy by 8.7% during the 4th quarter. EnRich Financial Partners LLC now owns 1,744 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 139 shares during the last quarter. 52.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director James G. Berbee bought 446 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $90.83 per share, with a total value of $40,510.18. Following the completion of the transaction, the director now directly owns 11,532 shares of the company’s stock, valued at $1,047,451.56. This represents a 4.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by insiders.

MGE Energy Stock Up 1.0%

Shares of NASDAQ:MGEE opened at $93.48 on Tuesday. The company has a market capitalization of $3.42 billion, a PE ratio of 28.59 and a beta of 0.80. MGE Energy, Inc. has a 1 year low of $72.27 and a 1 year high of $109.22. 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 business has a fifty day moving average price of $90.89 and a two-hundred day moving average price of $93.51.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. The business had revenue of $218.97 million during the quarter, compared to the consensus estimate of $202.42 million. Analysts forecast that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on MGEE shares. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a report on Friday, May 9th. Morgan Stanley reiterated an “underweight” rating on shares of MGE Energy in a research note on Wednesday, April 23rd.

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.