Geode Capital Management LLC lifted its position in MGE Energy, Inc. (NASDAQ:MGEE) by 23.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,619 shares of the utilities provider’s stock after acquiring an additional 76,370 shares during the period. Geode Capital Management LLC owned approximately 1.18% of MGE Energy worth $24,440,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in MGEE. Quantamental Technologies LLC bought a new position in shares of MGE Energy in the fourth quarter valued at $54,000. Strs Ohio bought a new position in MGE Energy during the fourth quarter worth $125,000. FMR LLC bought a new position in MGE Energy during the third quarter worth $175,000. Virtu Financial LLC acquired a new stake in shares of MGE Energy during the fourth quarter worth $238,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of MGE Energy by 3.9% during the fourth quarter. GSA Capital Partners LLP now owns 4,447 shares of the utilities provider’s stock worth $267,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 41.14% of the company’s stock.
In other news, Chairman Jeffrey M. Keebler purchased 525 shares of MGE Energy stock in a transaction dated Monday, March 25th. The shares were bought at an average cost of $66.62 per share, for a total transaction of $34,975.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.
MGEE stock traded up $0.65 during midday trading on Wednesday, reaching $67.29. The company had a trading volume of 52,300 shares, compared to its average volume of 79,033. The company has a market cap of $2.29 billion, a PE ratio of 27.35 and a beta of 0.39. MGE Energy, Inc. has a 1-year low of $55.30 and a 1-year high of $68.95. The company has a quick ratio of 1.65, a current ratio of 1.99 and a debt-to-equity ratio of 0.60.
MGE Energy (NASDAQ:MGEE) last issued its earnings results on Friday, February 22nd. The utilities provider reported $0.47 EPS for the quarter. The firm had revenue of $140.08 million during the quarter. MGE Energy had a return on equity of 10.49% and a net margin of 15.05%.
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About MGE Energy
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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