LADENBURG THALM/SH SH Upgrades MGE Energy (NASDAQ:MGEE) to Strong Sell

MGE Energy (NASDAQ:MGEE) was upgraded by equities research analysts at LADENBURG THALM/SH SH to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

MGE Energy Trading Down 0.4 %

NASDAQ:MGEE opened at $92.65 on Monday. The company’s 50 day moving average price is $90.77 and its 200-day moving average price is $93.38. MGE Energy has a 52 week low of $72.27 and a 52 week high of $109.22. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 28.33 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last issued its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.23). MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. The company had revenue of $171.42 million during the quarter. On average, equities research analysts forecast that MGE Energy will post 3.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 shares were acquired at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the completion of the transaction, the director now owns 11,532 shares of the company’s stock, valued at approximately $1,047,451.56. The trade was a 4.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC bought a new position in MGE Energy in the fourth quarter worth approximately $797,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MGE Energy by 0.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,893 shares of the utilities provider’s stock valued at $6,849,000 after acquiring an additional 567 shares in the last quarter. Vident Advisory LLC grew its stake in MGE Energy by 4.9% during the fourth quarter. Vident Advisory LLC now owns 8,309 shares of the utilities provider’s stock valued at $781,000 after acquiring an additional 389 shares in the last quarter. Squarepoint Ops LLC purchased a new position in MGE Energy during the fourth quarter valued at $1,303,000. Finally, Twinbeech Capital LP purchased a new position in MGE Energy during the fourth quarter valued at $209,000. 52.58% of the stock is currently owned by institutional investors.

MGE Energy Company 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.