JPMorgan Chase & Co. Increases Stake in MGE Energy, Inc. (NASDAQ:MGEE)

JPMorgan Chase & Co. lifted its position in MGE Energy, Inc. (NASDAQ:MGEE – Free Report) by 145.

0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,008 shares of the utilities provider’s stock after acquiring an additional 86,423 shares during the quarter. JPMorgan Chase & Co.



owned 0.40% of MGE Energy worth $13,719,000 as of its most recent SEC filing. A number of other hedge funds also recently added to or reduced their stakes in the business.

State Street Corp lifted its position in shares of MGE Energy by 0.5% in the 3rd quarter. State Street Corp now owns 1,460,360 shares of the utilities provider’s stock worth $133,550,000 after purchasing an additional 7,294 shares during the period.

Geode Capital Management LLC increased its holdings in shares of MGE Energy by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 863,707 shares of the utilities provider’s stock valued at $79,001,000 after acquiring an additional 5,796 shares during the period.

Charles Schwab Investment Management Inc. raised its position in shares of MGE Energy by 1.7% in the 4th quarter.

Charles Schwab Investment Management Inc. now owns 432,877 shares of the utilities provider’s stock worth $40,673,000 after acquiring an additional 7,416 shares in the last quarter. Principal Financial Group Inc.

lifted its stake in shares of MGE Energy by 4.1% during the 4th quarter. Principal Financial Group Inc.

now owns 191,447 shares of the utilities provider’s stock worth $17,988,000 after purchasing an additional 7,554 shares during the last quarter. Finally, Swiss National Bank boosted its position in MGE Energy by 0.7% during the fourth quarter.

Swiss National Bank now owns 71,150 shares of the utilities provider’s stock valued at $6,685,000 after purchasing an additional 500 shares in the last quarter. 52.58% of the stock is owned by hedge funds and other institutional investors.

MGE Energy Trading Up 1.8 %Shares of NASDAQ:MGEE opened at $89.33 on Friday.

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.

94. The firm has a market capitalization of $3.26 billion, a P/E ratio of 27.

32 and a beta of 0.71. The business’s 50-day moving average is $90.

94 and its 200 day moving average is $93.51. MGE Energy, Inc.

has a 1 year low of $72.27 and a 1 year high of $109.22.

MGE Energy (NASDAQ:MGEE – Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.

84 by ($0.23). The company had revenue of $171.

42 million during the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.

18%. On average, research analysts predict that MGE Energy, Inc. will post 3.

43 earnings per share for the current fiscal year. MGE Energy Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.

45 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.

80 annualized dividend and a dividend yield of 2.02%. MGE Energy’s payout ratio is currently 54.

05%. Insider ActivityIn other news, Director James G. Berbee purchased 446 shares of the company’s stock in a transaction on Wednesday, March 12th.

The shares were acquired at an average price of $90.83 per share, for a total transaction of $40,510.18.

Following the purchase, the director now owns 11,532 shares in the company, valued at $1,047,451.56. This trade represents a 4.

02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.

19% of the company’s stock. Wall Street Analyst Weigh InA number of equities analysts have commented on the stock. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a report on Monday, March 17th.

Morgan Stanley increased their target price on shares of MGE Energy from $78.00 to $80.00 and gave the company an “underweight” rating in a research report on Thursday, March 20th.

Get Our Latest Stock Analysis on MGE EnergyAbout MGE Energy (Free Report)MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services.

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