Los Angeles Capital Management & Equity Research Inc. raised its stake in MGE Energy, Inc. (NASDAQ:MGEE) by 23.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,629 shares of the utilities provider’s stock after purchasing an additional 5,400 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in MGE Energy were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of MGEE. Huntington National Bank grew its stake in shares of MGE Energy by 459.4% during the second quarter. Huntington National Bank now owns 3,776 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 3,101 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of MGE Energy during the fourth quarter worth about $395,000. A.R.T. Advisors LLC purchased a new stake in shares of MGE Energy during the first quarter worth about $428,000. GSA Capital Partners LLP purchased a new stake in shares of MGE Energy during the first quarter worth about $429,000. Finally, Barclays PLC grew its stake in shares of MGE Energy by 28.2% during the first quarter. Barclays PLC now owns 9,671 shares of the utilities provider’s stock worth $543,000 after acquiring an additional 2,126 shares during the last quarter. Institutional investors own 39.76% of the company’s stock.
MGE Energy stock opened at $65.55 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.05 and a quick ratio of 1.69. MGE Energy, Inc. has a 52 week low of $51.05 and a 52 week high of $68.10. The stock has a market cap of $2.25 billion, a P/E ratio of 27.83 and a beta of 0.28.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded MGE Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. ValuEngine upgraded MGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th.
MGE Energy Company 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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