Notable Mover: It Seems MGE Energy, Inc. Will Go Up. Just Reaches 52-Week High

Notable Mover: It Seems MGE Energy, Inc. Will Go Up. Just Reaches 52 Week High

The stock of MGE Energy, Inc. (NASDAQ:MGEE) hit a new 52-week high and has $105.24 target or 66.00% above today’s $63.40 share price. The 9 months bullish chart indicates low risk for the $2.21 billion company. The 1-year high was reported on Nov, 21 by If the $105.24 price target is reached, the company will be worth $1.46 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,324 shares traded hands. MGE Energy, Inc. (NASDAQ:MGEE) has risen 25.15% since April 19, 2016 and is uptrending. It has outperformed by 21.29% 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 decreased to 1.43 in 2016 Q2. Its down 0.19, from 1.62 in 2016Q1. The ratio fall, 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.
Thompson Mgmt holds 0.09% or 8,081 shares in its portfolio. Principal Fin Grp Inc last reported 0% of its portfolio in the stock. Monetary Management Group Inc Inc accumulated 0.02% or 900 shares. Qs Ltd Liability Corp accumulated 0% or 3,809 shares. Royal State Bank Of Canada, a Ontario – Canada-based fund reported 13,225 shares. Moreover, Dimensional Fund Limited Partnership has 0.03% invested in MGE Energy, Inc. (NASDAQ:MGEE) for 1.02 million shares. Moreover, Analytic Invsts has 0.02% invested in MGE Energy, Inc. (NASDAQ:MGEE) for 23,807 shares. Carroll Fincl Associate, a North Carolina-based fund reported 150 shares. Jacobus Wealth Mngmt holds 0.1% of its portfolio in MGE Energy, Inc. (NASDAQ:MGEE) for 6,000 shares. Denali Limited Liability Company has 0% invested in the company for 55 shares. Sii Inc Wi owns 5,459 shares or 0.03% of their US portfolio. One Management owns 4,000 shares or 0.08% of their US portfolio. Fifth Third State Bank has 0% invested in the company for 905 shares. Moreover, Millennium Mngmt Ltd Company has 0% invested in MGE Energy, Inc. (NASDAQ:MGEE) for 17,300 shares. State Board Of Administration Of Florida Retirement owns 14,433 shares or 0% of their US portfolio.

More important recent MGE Energy, Inc. (NASDAQ:MGEE) news were published by: which released: “MGE Energy Declares Regular Dividend” on November 18, 2016, also published article titled: “/quotes/zigman/3870025/realtime”, published: “MGE Energy Issues June 2016 ‘Interim Report'” on June 15, 2016. More interesting news about MGE Energy, Inc. (NASDAQ:MGEE) was released by: and their article: “Wolter, MGE Energy CEO, to retire next year” with publication date: October 19, 2016.

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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