MGE Energy, Inc.
MGE Energy, Inc. (MGEE) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · MGEE · as of Sep 30, 2025
Ownership Breakdown
304
Institutional Holders
▲ 8 vs Q2
$1.84B
Total Inst. Value
▼ $142.41M vs Q2
37.75M
Shares Outstanding
freeFloat 97.12%
21.87M
13F Shares Held
▼ 556,645 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
MGEE largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. electric, gas & sanitary services | 5.66M | 15.49% | 15.49% | $476.43B | Nov 12, 2025 | ▼ 24.1K |
VANGUARD GROUP INC electric, gas & sanitary services | 4.55M | 12.47% | 12.47% | $383.42B | Nov 7, 2025 | ▼ 25.9K |
STATE STREET CORP electric, gas & sanitary services | 1.92M | 5.27% | 5.27% | $162.02B | Nov 14, 2025 | ▼ 21.7K |
GEODE CAPITAL MANAGEMENT, LLC electric, gas & sanitary services | 918.3K | 2.51% | 2.51% | $77.31B | Nov 12, 2025 | ▲ 5.5K |
VICTORY CAPITAL MANAGEMENT INC electric, gas & sanitary services | 751.6K | 2.06% | 2.06% | $63.27B | Nov 12, 2025 | ▼ 10.1K |
DIMENSIONAL FUND ADVISORS LP electric, gas & sanitary services | 705.8K | 1.93% | 1.93% | $59.41B | Nov 12, 2025 | ▼ 17.6K |
FIRST TRUST ADVISORS LP electric, gas & sanitary services | 511.4K | 1.40% | 1.40% | $43.05B | Nov 12, 2025 | ▲ 11.4K |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC electric, gas & sanitary services | 427.2K | 1.17% | 1.17% | $35.96B | Nov 10, 2025 | ▲ 435 |
NORTHERN TRUST CORP electric, gas & sanitary services | 372.8K | 1.02% | 1.02% | $31.38B | Nov 14, 2025 | ▼ 6.7K |
BANK OF NEW YORK MELLON CORP electric, gas & sanitary services | 342.6K | 93.76% | 93.76% | $28.84B | Nov 3, 2025 | ▼ 8.1K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
24
Increased
+406.8K shares0
New Positions
first time holders24
Decreased
−616.6K shares0
Sold Out
fully exitedNet shares change (top 50)
209.8K
+406.8K / −616.6K
Net new holders
+0
0 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
MGEE insider trading · insider activity
Source: SEC Form 4
Insiders have been net buyers of shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
18
Buy transactions
7
Sell transactions
2.57
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Bushek Jared Joseph VP Chief Fin. Off. & Treasurer | Apr 17, 2026 | Award | 25,000 | — | — | 35.8K | Form 4 ↗ |
Berbee James G director | Mar 11, 2026 | Purchase | 372.839 | $77.74 | $29.0K | 9.4K | Form 4 ↗ |
Jicha John Anthony VP Energy Supply & Asst Treas. | Mar 2, 2026 | Award | 945 | — | — | 2.8K | Form 4 ↗ |
Lagerwall Jenny Lynn AVP - Acctg & Controller (CAO) | Mar 2, 2026 | Award | 688 | — | — | 2.0K | Form 4 ↗ |
Garner Melissa Tyson VP-People & Community Engmnt | Mar 2, 2026 | Award | 1,374 | — | — | 3.6K | Form 4 ↗ |
Lorenz James Jerome VP Energy Operations | Mar 2, 2026 | Award | 1,390 | — | — | 6.3K | Form 4 ↗ |
Smith Scott Robert VP Business and Reg. Strategy | Mar 2, 2026 | Award | 1,116 | — | — | 4.4K | Form 4 ↗ |
Bushek Jared Joseph VP Chief Fin. Off. & Treasurer | Mar 2, 2026 | Award | 3,684 | — | — | 10.8K | Form 4 ↗ |
Renlund Cari Anne VP General Counsel & Sec. | Mar 2, 2026 | Award | 1,716 | — | — | 7.0K | Form 4 ↗ |
Keebler Jeffrey M Chairman, President & CEO | Mar 2, 2026 | Award | 10,905 | — | — | 31.9K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
MGE Energy, Inc. (MGEE) is primarily owned by institutional investors, who hold approximately 57.9% of total shares outstanding. Company insiders own approximately 2.88%, while retail and public investors account for the remaining 39.18%.
The largest institutional shareholder of MGE Energy, Inc. is BLACKROCK, INC., holding approximately 5.66 million shares — equal to 15.49% of outstanding shares — as of September 30, 2025.
A total of 304 institutional investors currently hold MGEE stock, with a combined institutional value of approximately $1.84 billion as of the most recent 13F filing period.
Frequently asked questions
MGEE ownershipMGE Energy, Inc. (MGEE) is primarily owned by institutional investors, who hold approximately 57.9% of shares. The largest shareholder is BLACKROCK, INC. with a 15.49% stake. Company insiders hold 2.88%. Data sourced from SEC Form 13F as of September 30, 2025.