Royal London Asset Management Ltd. lifted its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 14.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 174,679 shares of the utilities provider’s stock after purchasing an additional 21,701 shares during the quarter. Royal London Asset Management Ltd. owned about 0.50% of MGE Energy worth $12,759,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Aperio Group LLC boosted its stake in shares of MGE Energy by 1.9% during the second quarter. Aperio Group LLC now owns 26,308 shares of the utilities provider’s stock valued at $1,923,000 after purchasing an additional 493 shares in the last quarter. First Trust Advisors LP increased its holdings in MGE Energy by 11.0% in the second quarter. First Trust Advisors LP now owns 504,053 shares of the utilities provider’s stock worth $36,836,000 after purchasing an additional 50,065 shares in the last quarter. 1ST Source Bank bought a new stake in MGE Energy in the second quarter worth approximately $219,000. Virginia Retirement Systems ET AL increased its holdings in MGE Energy by 2.2% in the second quarter. Virginia Retirement Systems ET AL now owns 27,900 shares of the utilities provider’s stock worth $2,039,000 after purchasing an additional 600 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in MGE Energy in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 43.07% of the company’s stock.
Separately, BidaskClub upgraded MGE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.
MGE Energy (NASDAQ:MGEE) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.45 earnings per share for the quarter. The business had revenue of $122.15 million during the quarter. MGE Energy had a return on equity of 10.38% and a net margin of 15.05%.
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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