MGE Energy (NASDAQ:MGEE) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of MGE Energy (NASDAQ:MGEE) from a sell rating to a hold rating in a research report report published on Monday morning.

Separately, TheStreet lowered MGE Energy from a b rating to a c+ rating in a research note on Tuesday, January 30th.

MGE Energy Price Performance

Shares of MGEE opened at $80.31 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. MGE Energy has a twelve month low of $61.94 and a twelve month high of $83.27. The company has a 50 day moving average of $78.21 and a 200-day moving average of $73.31. The stock has a market capitalization of $2.91 billion, a P/E ratio of 24.19 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last announced 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 firm 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 18.12% and a return on equity of 10.60%. As a group, equities research analysts forecast that MGE Energy will post 3.69 EPS for the current fiscal year.

Insider Activity at MGE Energy

In other news, Director James G. Berbee bought 458 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost 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 filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by insiders.

Institutional Trading of MGE Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Security National Bank acquired a new stake in shares of MGE Energy during the 4th quarter valued at $43,000. Covestor Ltd grew its stake in MGE Energy by 31.6% during the third quarter. Covestor Ltd now owns 641 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 154 shares during the period. Quantbot Technologies LP bought a new stake in MGE Energy in the third quarter worth approximately $47,000. SG Americas Securities LLC bought a new stake in MGE Energy in the first quarter worth approximately $100,000. Finally, BOKF NA acquired a new position in MGE Energy in the first quarter valued at approximately $152,000. 52.58% of the stock is currently owned by institutional investors.

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.