Advisor Group Holdings Inc. Purchases 1,406 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Advisor Group Holdings Inc. grew its stake in MGE Energy, Inc. (NASDAQ:MGEE) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 46,070 shares of the utilities provider’s stock after buying an additional 1,406 shares during the period. Advisor Group Holdings Inc.’s holdings in MGE Energy were worth $3,387,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of MGE Energy by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,821,848 shares of the utilities provider’s stock valued at $284,498,000 after purchasing an additional 29,842 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of MGE Energy by 1.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,794,078 shares of the utilities provider’s stock valued at $133,551,000 after purchasing an additional 29,604 shares during the period. Victory Capital Management Inc. lifted its stake in shares of MGE Energy by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 969,347 shares of the utilities provider’s stock valued at $71,247,000 after purchasing an additional 23,796 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of MGE Energy by 36.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 839,927 shares of the utilities provider’s stock valued at $62,525,000 after purchasing an additional 224,635 shares during the period. Finally, State Street Corp lifted its stake in shares of MGE Energy by 3.9% in the 2nd quarter. State Street Corp now owns 822,823 shares of the utilities provider’s stock valued at $61,251,000 after purchasing an additional 31,213 shares during the period. 50.01% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on MGEE. Zacks Investment Research downgraded MGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 21st. Bank of America increased their price target on MGE Energy from $64.00 to $71.00 in a research note on Thursday, December 30th. Finally, Morgan Stanley raised their price objective on MGE Energy from $69.00 to $73.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 21st.

Shares of MGE Energy stock opened at $77.93 on Friday. The company has a market capitalization of $2.82 billion, a PE ratio of 25.89, a PEG ratio of 3.86 and a beta of 0.64. MGE Energy, Inc. has a 12 month low of $63.00 and a 12 month high of $82.95. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $77.92 and its 200 day simple moving average is $77.63.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings data on Thursday, November 4th. The utilities provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The business had revenue of $145.87 million for the quarter. MGE Energy had a return on equity of 10.82% and a net margin of 18.67%. Analysts predict that MGE Energy, Inc. will post 3.01 EPS for the current fiscal year.

MGE Energy Company Profile

MGE Energy, Inc provides natural gas and electric services. The firm operates its business through the following segments: Regulated Electric Utility Operations, Regulated Gas Utility Operations, Non-Regulated Energy Operations, Transmission Investments, and All Other. The Regulated Electric Utility Operations segment engages in generating, purchasing, and distributing electricity.

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

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