MGE Energy Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:MGEE Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
23 Aug 24	BuyUS$35,480	James Berbee	Individual	406.12	US$87.36
30 May 24	BuyUS$4,497	James Berbee	Individual	57.66	US$78.00
06 Mar 24	BuyUS$37,606	James Berbee	Individual	457.7	US$82.16

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MGEE?
Owner Type	Number of Shares	Ownership Percentage
State or Government	9,158	0.0253%
Individual Insiders	68,291	0.189%
General Public	13,536,541	37.4%
Institutions	22,593,539	62.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 54.19% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
16.1%	BlackRock, Inc.	5,831,362	US$541.7m	0.64%	0.01%
12.8%	The Vanguard Group, Inc.	4,633,415	US$430.4m	1.01%	0.01%
4.03%	State Street Global Advisors, Inc.	1,460,360	US$135.7m	0.5%	no data
3.45%	Victory Capital Management Inc.	1,250,930	US$116.2m	-8.06%	0.11%
2.79%	T. Rowe Price Group, Inc.	1,008,619	US$93.7m	2.71%	0.01%
2.39%	Geode Capital Management, LLC	863,707	US$80.2m	0.68%	0.01%
2.12%	Dimensional Fund Advisors LP	767,387	US$71.3m	-2.04%	0.01%
1.18%	Charles Schwab Investment Management, Inc.	425,461	US$39.5m	2.07%	0.01%
1.14%	BNY Asset Management	411,794	US$38.3m	-6.81%	0.01%
1.02%	Northern Trust Global Investments	368,522	US$34.2m	-0.63%	0.01%
0.97%	Silvercrest Asset Management Group LLC	350,606	US$32.6m	-1.2%	0.22%
0.77%	GAMCO Investors, Inc.	278,200	US$25.8m	-2.21%	0.1%
0.66%	Morgan Stanley, Investment Banking and Brokerage Investments	239,604	US$22.3m	21%	no data
0.63%	Mellon Investments Corporation	228,652	US$21.2m	0.03%	0.02%
0.59%	Legal & General Investment Management Limited	214,725	US$19.9m	-3.47%	no data
0.51%	Principal Global Investors, LLC	184,076	US$17.1m	-7.12%	0.01%
0.45%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	163,378	US$15.2m	-0.83%	no data
0.4%	Goldman Sachs Asset Management, L.P.	143,172	US$13.3m	-6.08%	no data
0.36%	UBS Asset Management AG	130,430	US$12.1m	-4.5%	no data
0.36%	Eaton Vance Management	129,121	US$12.0m	1.22%	no data
0.36%	Hotchkis and Wiley Capital Management, LLC	128,650	US$12.0m	0%	0.04%
0.31%	Speece Thorson Capital Group Inc	111,841	US$10.4m	-0.19%	1.98%
0.3%	Columbia Management Investment Advisers, LLC	110,212	US$10.2m	8.05%	no data
0.27%	Goldman Sachs Group, Investment Banking and Securities Investments	97,074	US$9.0m	24%	no data
0.25%	Rhumbline Advisers Ltd Partnership	90,819	US$8.4m	0.11%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 22:22
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MGE Energy, Inc. is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Parker	Baird
Julien Dumoulin-Smith	BofA Global Research
Nathan Bates	D.A. Davidson & Co.