Speece Thorson Capital Group Inc. Grows Position in MGE Energy Inc. $MGEE

Speece Thorson Capital Group Inc. grew its position in MGE Energy Inc. (NASDAQ:MGEE) by 44.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,596 shares of the utilities provider’s stock after purchasing an additional 60,037 shares during the quarter. MGE Energy makes up approximately 3.3% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its 9th largest holding. Speece Thorson Capital Group Inc.’s holdings in MGE Energy were worth $15,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MGEE. FORM Wealth Advisors LLC bought a new position in MGE Energy during the fourth quarter worth $671,000. Walleye Partners LLC bought a new position in MGE Energy during the fourth quarter worth $520,000. Evergreen Capital Management LLC bought a new position in MGE Energy during the fourth quarter worth $246,000. Wealth Enhancement Trust Services Inc. acquired a new position in shares of MGE Energy during the fourth quarter valued at about $155,000. Finally, Merit Financial Group LLC raised its position in shares of MGE Energy by 259.3% during the fourth quarter. Merit Financial Group LLC now owns 23,780 shares of the utilities provider’s stock valued at $1,865,000 after buying an additional 17,161 shares during the last quarter. Institutional investors own 52.58% of the company’s stock.

MGE Energy Stock Down 0.5%

MGEE opened at $80.18 on Friday. MGE Energy Inc. has a fifty-two week low of $72.17 and a fifty-two week high of $94.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.77 and a quick ratio of 0.55. The firm’s fifty day moving average price is $78.56 and its two-hundred day moving average price is $80.24. The company has a market capitalization of $2.95 billion, a P/E ratio of 21.55 and a beta of 0.79.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. The firm had revenue of $189.55 million for the quarter. MGE Energy had a net margin of 18.27% and a return on equity of 10.60%. On average, analysts anticipate that MGE Energy Inc. will post 3.92 EPS for the current year.

Insiders Place Their Bets

In other news, Director James G. Berbee acquired 373 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $77.74 per share, with a total value of $28,997.02. Following the acquisition, the director owned 9,362 shares of the company’s stock, valued at $727,801.88. This trade represents a 4.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MGEE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MGE Energy in a research report on Monday, December 29th. Wall Street Zen raised shares of MGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Morgan Stanley decreased their price target on shares of MGE Energy from $79.00 to $78.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, MGE Energy has a consensus rating of “Reduce” and a consensus price target of $80.50.

MGE Energy Company Profile

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Through its principal subsidiary, Madison Gas and Electric Company (MGE), the company provides regulated electric and natural gas distribution services to residential, commercial and industrial customers in south-central Wisconsin. MGE Energy’s operations encompass the generation, transmission and distribution of electricity as well as the purchase and distribution of natural gas, with an emphasis on reliable service and system resilience.

Since reorganizing as a holding company in 2001, MGE Energy has expanded its portfolio to include nonregulated subsidiaries involved in renewable energy development, energy services and infrastructure support.