Occudo Quantitative Strategies LP Makes New Investment in MGE Energy, Inc. (NASDAQ:MGEE)

Occudo Quantitative Strategies LP purchased a new position in shares of MGE Energy, Inc. (NASDAQ:MGEE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,246 shares of the utilities provider’s stock, valued at approximately $211,000.

Several other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 168 shares in the last quarter. Sterling Capital Management LLC increased its stake in MGE Energy by 656.2% in the 4th quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider’s stock valued at $63,000 after buying an additional 584 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of MGE Energy by 507.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 929 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of MGE Energy during the 4th quarter worth about $116,000. Finally, KBC Group NV increased its stake in shares of MGE Energy by 32.2% during the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 52.58% of the company’s stock.

MGE Energy Stock Performance

Shares of MGE Energy stock opened at $92.60 on Friday. The company has a 50 day moving average of $90.84 and a 200-day moving average of $93.45. MGE Energy, Inc. has a 1-year low of $72.27 and a 1-year high of $109.22. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.38 billion, a PE ratio of 28.32 and a beta of 0.80.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The business had revenue of $218.97 million during the quarter, compared to the consensus estimate of $202.42 million. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. As a group, equities research analysts forecast that MGE Energy, Inc. will post 3.43 earnings per share for the current fiscal year.

Insider Activity at MGE Energy

In other MGE Energy news, Director James G. Berbee purchased 446 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the transaction, the director now owns 11,532 shares in the company, valued at $1,047,451.56. The trade was a 4.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MGEE shares. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a research note on Friday, May 9th. Morgan Stanley reissued an “underweight” rating on shares of MGE Energy in a report on Wednesday, April 23rd.

MGE Energy Profile

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.