Zebra Capital Management buys $2.8 Million stake in MGE Energy (MGEE)

MGE Energy (MGEE) : Zebra Capital Management scooped up 11,471 additional shares in MGE Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 54,023 shares of MGE Energy which is valued at $2.8 Million.MGE Energy makes up approximately 1.15% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Nationwide Fund Advisors reduced its stake in MGEE by selling 8,514 shares or 21.0% in the most recent quarter. The Hedge Fund company now holds 32,035 shares of MGEE which is valued at $1.6 Million. MGE Energy makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.Aperio Group boosted its stake in MGEE in the latest quarter, The investment management firm added 7,791 additional shares and now holds a total of 31,428 shares of MGE Energy which is valued at $1.6 Million. MGE Energy makes up approx 0.01% of Aperio Group’s portfolio.

MGE Energy opened for trading at $50.27 and hit $50.38 on the upside on Friday, eventually ending the session at $50.36, with a gain of 0.64% or 0.32 points. The heightened volatility saw the trading volume jump to 61,825 shares. Company has a market cap of $1,746 M.

MGE Energy Inc. is a holding company. The Company operates through its subsidiaries and generates and distributes electric energy and distributes natural gas. It operates in five segments: Regulated electric utility operations Regulated gas utility operations Nonregulated energy operations Transmission investments and All other. The Regulated electric utility operations segment distributes electricity in a service area covering a 316 square-mile area of Dane County Wisconsin. The Regulated gas utility operations segment comprises transportation and distribution of natural gas in a service area covering 1678 square miles in seven south-central Wisconsin counties. The Nonregulated energy operations segment comprises development of generation sources. The Transmission Investments segment comprises owning and operating electric transmission facilities primarily in Wisconsin. The All other segment comprises investing in companies and property that relate to the regulated operations.

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