FORM Wealth Advisors LLC Purchases New Position in MGE Energy Inc. $MGEE

FORM Wealth Advisors LLC purchased a new stake in MGE Energy Inc. (NASDAQ:MGEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,550 shares of the utilities provider’s stock, valued at approximately $671,000.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in MGE Energy in the 3rd quarter valued at about $40,000. eCIO Inc. bought a new position in shares of MGE Energy during the 4th quarter worth approximately $45,000. Parallel Advisors LLC lifted its position in shares of MGE Energy by 28.6% during the 3rd quarter. Parallel Advisors LLC now owns 714 shares of the utilities provider’s stock worth $60,000 after buying an additional 159 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of MGE Energy by 19.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,326 shares of the utilities provider’s stock worth $117,000 after buying an additional 213 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of MGE Energy during the 3rd quarter worth approximately $119,000. Institutional investors own 52.58% of the company’s stock.

MGE Energy Price Performance

MGE Energy stock opened at $78.65 on Wednesday. MGE Energy Inc. has a 52 week low of $72.17 and a 52 week high of $94.00. The company’s 50 day moving average price is $78.65 and its two-hundred day moving average price is $80.30. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.89 billion, a P/E ratio of 21.14 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The company 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, equities analysts predict that MGE Energy Inc. will post 3.92 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on MGEE. Morgan Stanley dropped their target price on shares of MGE Energy from $79.00 to $78.00 and set an “underweight” rating on the stock in a research report on Tuesday. 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, Weiss Ratings reissued a “hold (c+)” rating on shares of MGE Energy in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MGE Energy has a consensus rating of “Reduce” and a consensus price target of $80.50.

Insider Activity at MGE Energy

In related news, Director James G. Berbee purchased 373 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

About MGE Energy

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.