MGE Energy (NASDAQ:MGEE) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, BidAskClub reports.

Shares of NASDAQ:MGEE opened at $69.26 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.62. MGE Energy has a fifty-two week low of $55.30 and a fifty-two week high of $69.62. The stock has a market cap of $2.40 billion, a P/E ratio of 27.27 and a beta of 0.38.

MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings data 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 business had revenue of $167.57 million during the quarter.

In other MGE Energy news, Chairman Jeffrey M. Keebler acquired 525 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of $66.62 per share, with a total value of $34,975.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of MGE Energy by 15.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 35,811 shares of the utilities provider’s stock worth $2,434,000 after purchasing an additional 4,661 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of MGE Energy by 6.0% during the 1st quarter. Geode Capital Management LLC now owns 432,041 shares of the utilities provider’s stock worth $29,365,000 after purchasing an additional 24,422 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MGE Energy by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 270,331 shares of the utilities provider’s stock worth $18,375,000 after purchasing an additional 10,201 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of MGE Energy by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 445,950 shares of the utilities provider’s stock worth $30,311,000 after purchasing an additional 35,300 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of MGE Energy by 36.8% during the 1st quarter. AQR Capital Management LLC now owns 10,568 shares of the utilities provider’s stock worth $718,000 after purchasing an additional 2,845 shares during the last quarter. 41.39% of the stock is owned by institutional investors and hedge funds.

MGE Energy Company 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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