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

Shares of MGE Energy stock traded down $0.05 on Tuesday, reaching $74.65. 3,932 shares of the company were exchanged, compared to its average volume of 149,898. The business has a fifty day simple moving average of $72.32. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 29.20 and a beta of 0.44. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.97 and a quick ratio of 1.68. MGE Energy has a fifty-two week low of $56.64 and a fifty-two week high of $76.44.

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

Several institutional investors have recently made changes to their positions in the company. Landaas & Co. WI ADV purchased a new position in shares of MGE Energy during the first quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MGE Energy by 15.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,549 shares of the utilities provider’s stock valued at $173,000 after buying an additional 344 shares in the last quarter. Tower View Investment Management & Research LLC grew its holdings in shares of MGE Energy by 37.4% during the second quarter. Tower View Investment Management & Research LLC now owns 1,379 shares of the utilities provider’s stock valued at $101,000 after buying an additional 375 shares in the last quarter. NEXT Financial Group Inc grew its holdings in shares of MGE Energy by 59.1% during the second quarter. NEXT Financial Group Inc now owns 1,273 shares of the utilities provider’s stock valued at $93,000 after buying an additional 473 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of MGE Energy during the second quarter valued at $35,000. 42.86% 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 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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