IAG Wealth Partners LLC trimmed its holdings in MGE Energy, Inc. (NASDAQ:MGEE – Free Report) by 32.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 528 shares of the utilities provider’s stock after selling 250 shares during the period. IAG Wealth Partners LLC’s holdings in MGE Energy were worth $38,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in MGEE. Walkner Condon Financial Advisors LLC bought a new stake in MGE Energy in the third quarter worth approximately $2,146,000. Commonwealth Equity Services LLC raised its stake in MGE Energy by 42.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 49,299 shares of the utilities provider’s stock valued at $3,378,000 after purchasing an additional 14,574 shares during the last quarter. Raymond James & Associates bought a new stake in MGE Energy in the 3rd quarter valued at $202,000. Raymond James Financial Services Advisors Inc. increased its holdings in MGE Energy by 11.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,015 shares of the utilities provider’s stock valued at $481,000 after buying an additional 742 shares during the period. Finally, NorthRock Partners LLC increased its holdings in MGE Energy by 291.1% in the 3rd quarter. NorthRock Partners LLC now owns 10,560 shares of the utilities provider’s stock valued at $723,000 after buying an additional 7,860 shares during the period. 52.58% of the stock is owned by institutional investors.
MGE Energy Price Performance
Shares of MGEE traded down $1.12 during trading hours on Friday, hitting $77.60. The stock had a trading volume of 146,795 shares, compared to its average volume of 177,889. The company’s fifty day moving average is $74.39 and its two-hundred day moving average is $72.14. 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 52 week low of $61.94 and a 52 week high of $83.27. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.88 and a beta of 0.72.
Insiders Place Their Bets
In related news, Director James G. Berbee acquired 458 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $82.16 per share, with a total value of $37,629.28. Following the acquisition, the director now directly owns 9,725 shares in the company, valued at $799,006. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.
Wall Street Analyst Weigh In
MGEE has been the topic of several analyst reports. TheStreet lowered shares of MGE Energy from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. StockNews.com lowered shares of MGE Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.
View Our Latest Analysis on MGEE
MGE Energy 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.
Read More
- Five stocks we like better than MGE Energy
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- MarketBeat Week in Review – 4/22 – 4/26
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- 3 Stocks Leading the U.S. Agriculture Comeback
- With Risk Tolerance, One Size Does Not Fit All
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for MGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.