MGE Energy, Inc. (NASDAQ:MGEE) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lessened its position in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,278 shares of the utilities provider’s stock after selling 237 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in MGE Energy were worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MGEE. Landaas & Co. WI ADV acquired a new stake in shares of MGE Energy in the first quarter valued at about $26,000. Enterprise Financial Services Corp grew its position in shares of MGE Energy by 342.9% in the first quarter. Enterprise Financial Services Corp now owns 775 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 600 shares during the period. Quadrant Capital Group LLC grew its position in shares of MGE Energy by 2,184.2% in the first quarter. Quadrant Capital Group LLC now owns 868 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 830 shares during the period. Interactive Financial Advisors grew its position in shares of MGE Energy by 3,900.0% in the first quarter. Interactive Financial Advisors now owns 2,000 shares of the utilities provider’s stock valued at $136,000 after purchasing an additional 1,950 shares during the period. Finally, CWM LLC grew its position in shares of MGE Energy by 119.8% in the first quarter. CWM LLC now owns 2,235 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,218 shares during the period. Institutional investors own 42.88% of the company’s stock.

Shares of NASDAQ:MGEE traded down $1.29 during midday trading on Friday, hitting $73.14. The company’s stock had a trading volume of 150,826 shares, compared to its average volume of 96,434. The business’s 50 day moving average is $71.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.68 and a current ratio of 1.97. The stock has a market cap of $2.54 billion, a P/E ratio of 29.03 and a beta of 0.44. MGE Energy, Inc. has a 12-month low of $56.64 and a 12-month high of $76.44.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $0.69 earnings per share for the quarter. MGE Energy had a net margin of 15.49% and a return on equity of 10.85%. The firm had revenue of $167.57 million for the quarter.

Separately, BidaskClub lowered shares of Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th.

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

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