Macquarie Group Ltd. Sells 2,600 Shares of MGE Energy, Inc. (MGEE)

Macquarie Group Ltd. lowered its position in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 44.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,300 shares of the utilities provider’s stock after selling 2,600 shares during the period. Macquarie Group Ltd.’s holdings in MGE Energy were worth $198,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in MGE Energy by 2.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,873 shares of the utilities provider’s stock valued at $4,078,000 after acquiring an additional 1,748 shares in the last quarter. Bank of New York Mellon Corp lifted its position in MGE Energy by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 322,531 shares of the utilities provider’s stock valued at $20,594,000 after acquiring an additional 5,069 shares in the last quarter. BlackRock Inc. lifted its position in MGE Energy by 1.6% in the 3rd quarter. BlackRock Inc. now owns 2,392,061 shares of the utilities provider’s stock valued at $152,732,000 after acquiring an additional 37,690 shares in the last quarter. FMR LLC bought a new position in MGE Energy in the 3rd quarter valued at approximately $175,000. Finally, Dimensional Fund Advisors LP lifted its position in MGE Energy by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 905,155 shares of the utilities provider’s stock valued at $57,793,000 after acquiring an additional 2,451 shares in the last quarter. Institutional investors and hedge funds own 41.14% of the company’s stock.

Separately, BidaskClub cut MGE Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 27th.

NASDAQ MGEE opened at $66.86 on Wednesday. The firm has a market cap of $2.34 billion, a PE ratio of 27.83 and a beta of 0.39. The company has a current ratio of 1.99, a quick ratio of 1.65 and a debt-to-equity ratio of 0.60. MGE Energy, Inc. has a 1-year low of $55.30 and a 1-year high of $68.95.

MGE Energy (NASDAQ:MGEE) last released its quarterly earnings results on Friday, February 22nd. The utilities provider reported $0.47 earnings per share for the quarter. The firm had revenue of $140.08 million for the quarter. MGE Energy had a return on equity of 10.49% and a net margin of 15.05%.

In other news, Chairman Jeffrey M. Keebler purchased 525 shares of the stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of $66.62 per share, with a total value of $34,975.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

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MGE Energy Profile

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.

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Institutional Ownership by Quarter for MGE Energy (NASDAQ:MGEE)

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