The stock of MGE Energy, Inc. (NASDAQ:MGEE) reached all time high today, Nov, 14 and still has $97.09 target or 59.00% above today’s $61.06 share price. This indicates more upside for the $2.17B company. This technical setup was reported by Barchart.com. If the $97.09 PT is reached, the company will be worth $1.28B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 73,026 shares traded hands. MGE Energy, Inc. (NASDAQ:MGEE) has risen 20.18% since April 12, 2016 and is uptrending. It has outperformed by 15.20% the S&P500.
According to Zacks Investment Research, “MGE Energy is a public utility holding company. Its principal subsidiary, MGE, generates and distributes electricity to more than 128,000 customers in Dane County, Wisconsin (250 square miles) and purchases, transports and distributes natural gas to nearly 123,000 customers in seven south-central and western Wisconsin counties (1,375 square miles). (Press Release)”
Insitutional Activity: The institutional sentiment increased to 1.62 in Q2 2016. Its up 0.09, from 1.53 in 2016Q1. The ratio is positive, as 10 funds sold all MGE Energy, Inc. shares owned while 35 reduced positions. 24 funds bought stakes while 49 increased positions. They now own 12.30 million shares or 0.79% less from 12.40 million shares in 2016Q1.
Vanguard Group holds 3.06M shares or 0.01% of its portfolio. The United Kingdom-based Legal & General Gru Public Ltd Liability has invested 0% in MGE Energy, Inc. (NASDAQ:MGEE). Principal Financial Group Incorporated has 0% invested in the company for 8,318 shares. King Wealth Mgmt Grp Limited accumulated 4,200 shares or 0.13% of the stock. The Iowa-based Dubuque Retail Bank & has invested 0.01% in MGE Energy, Inc. (NASDAQ:MGEE). Moreover, Amalgamated Bank & Trust has 0.01% invested in MGE Energy, Inc. (NASDAQ:MGEE) for 3,762 shares. Carroll Assocs Incorporated accumulated 0% or 150 shares. First Republic Invest Mgmt Inc accumulated 0% or 4,750 shares. Keybank Association Oh holds 0.01% of its portfolio in MGE Energy, Inc. (NASDAQ:MGEE) for 14,800 shares. North Star Mgmt reported 16,949 shares or 0.18% of all its holdings. Annex Advisory Ltd Liability Corporation, a Wisconsin-based fund reported 3,623 shares. Aperio Group Ltd, a California-based fund reported 32,098 shares. Teachers Advsrs holds 68,825 shares or 0.01% of its portfolio. Speece Thorson Grp Inc has invested 1.9% of its portfolio in MGE Energy, Inc. (NASDAQ:MGEE). Macquarie Grp Incorporated has 0% invested in the company for 9,900 shares.
More news for MGE Energy, Inc. (NASDAQ:MGEE) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on October 25, 2010. Jsonline.com‘s article titled: “Wolter, MGE Energy CEO, to retire next year” and published on October 19, 2016 is yet another important article.
MGEE Company Profile
MGE Energy, Inc., incorporated on October 31, 2001, is a holding company. The Firm operates through its subsidiaries. The Firm operates through five divisions: Regulated electric utility operations, Regulated gas utility operations, Nonregulated energy operations, Transmission investments and All other.
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