IAG Wealth Partners LLC Sells 250 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

IAG Wealth Partners LLC trimmed its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 32.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 528 shares of the utilities provider’s stock after selling 250 shares during the period. IAG Wealth Partners LLC’s holdings in MGE Energy were worth $38,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MGEE. Walkner Condon Financial Advisors LLC bought a new stake in MGE Energy in the third quarter worth approximately $2,146,000. Commonwealth Equity Services LLC raised its stake in MGE Energy by 42.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 49,299 shares of the utilities provider’s stock valued at $3,378,000 after purchasing an additional 14,574 shares during the last quarter. Raymond James & Associates bought a new stake in MGE Energy in the 3rd quarter valued at $202,000. Raymond James Financial Services Advisors Inc. increased its holdings in MGE Energy by 11.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,015 shares of the utilities provider’s stock valued at $481,000 after buying an additional 742 shares during the period. Finally, NorthRock Partners LLC increased its holdings in MGE Energy by 291.1% in the 3rd quarter. NorthRock Partners LLC now owns 10,560 shares of the utilities provider’s stock valued at $723,000 after buying an additional 7,860 shares during the period. 52.58% of the stock is owned by institutional investors.

MGE Energy Price Performance

Shares of MGEE traded down $1.12 during trading hours on Friday, hitting $77.60. The stock had a trading volume of 146,795 shares, compared to its average volume of 177,889. The company’s fifty day moving average is $74.39 and its two-hundred day moving average is $72.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.52 and a quick ratio of 1.05. MGE Energy, Inc. has a 52 week low of $61.94 and a 52 week high of $83.27. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.88 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). MGE Energy had a return on equity of 10.49% and a net margin of 17.05%. The company had revenue of $164.65 million for the quarter, compared to the consensus estimate of $190.55 million. On average, analysts anticipate that MGE Energy, Inc. will post 3.69 EPS for the current year.

Insiders Place Their Bets

In related news, Director James G. Berbee acquired 458 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $82.16 per share, with a total value of $37,629.28. Following the acquisition, the director now directly owns 9,725 shares in the company, valued at $799,006. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

MGEE has been the topic of several analyst reports. TheStreet lowered shares of MGE Energy from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. StockNews.com lowered shares of MGE Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

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.