Published on 29 Apr 2024 on Simply Wall St. via Yahoo Finance
MGE Energy, Inc. (NASDAQ:MGEE) is favoured by institutional owners who hold 62% of the company
Key Insights
Significantly high institutional ownership implies MGE Energy's stock price is sensitive to their trading actionsA total of 13 investors have a majority stake in the company with 51% ownership Recent purchases by insiders
Every investor in MGE Energy, Inc. (NASDAQ:MGEE) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 62% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).