Heronetta Management LP Has Boosted Its Mplx LP (MPLX) Holding; Madison Gas & Electric Co (MGEE) Sentiment Is 0.93

February 24, 2018 - By Hazel Jackson

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding firm primarily in Wisconsin. The company has market cap of $1.93 billion. It operates through five divisions: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. It has a 25.4 P/E ratio. The firm generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.

Heronetta Management Lp increased Mplx Lp (MPLX) stake by 6.65% reported in 2017Q3 SEC filing. Heronetta Management Lp acquired 16,400 shares as Mplx Lp (MPLX)’s stock declined 7.56%. The Heronetta Management Lp holds 262,837 shares with $9.20M value, up from 246,437 last quarter. Mplx Lp now has $28.06 billion valuation. The stock increased 0.46% or $0.16 during the last trading session, reaching $34.89. About 1.22M shares traded. MPLX LP (NYSE:MPLX) has risen 11.48% since February 24, 2017 and is uptrending. It has underperformed by 5.22% the S&P500.

Oarsman Capital Inc. holds 0.89% of its portfolio in MGE Energy, Inc. for 32,657 shares. Zebra Capital Management Llc owns 40,163 shares or 0.84% of their US portfolio. Moreover, Silvercrest Asset Management Group Llc has 0.4% invested in the company for 625,529 shares. The Maryland-based Campbell & Co Investment Adviser Llc has invested 0.26% in the stock. Cue Financial Group Inc., a Arizona-based fund reported 5,000 shares.

The stock increased 1.64% or $0.9 during the last trading session, reaching $55.65. About 63,718 shares traded. MGE Energy, Inc. (MGEE) has risen 26.70% since February 24, 2017 and is uptrending. It has outperformed by 10.00% the S&P500.

Among 20 analysts covering MPLX LP (NYSE:MPLX), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. MPLX LP had 59 analyst reports since October 20, 2015 according to SRatingsIntel. The rating was initiated by FBR Capital on Friday, September 9 with “Mkt Perform”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 1. The stock of MPLX LP (NYSE:MPLX) earned “Buy” rating by Jefferies on Monday, August 14. The firm has “Buy” rating by RBC Capital Markets given on Friday, February 2. On Tuesday, January 10 the stock rating was upgraded by Wells Fargo to “Outperform”. The stock of MPLX LP (NYSE:MPLX) has “Buy” rating given on Thursday, July 6 by Stifel Nicolaus. Raymond James maintained the stock with “Buy” rating in Friday, December 1 report. The firm earned “Buy” rating on Thursday, August 10 by Stifel Nicolaus. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, February 2 report. On Thursday, October 26 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.22, from 1.26 in 2017Q2. It is negative, as 26 investors sold MPLX shares while 79 reduced holdings. 15 funds opened positions while 94 raised stakes. 258.81 million shares or 4.21% more from 248.36 million shares in 2017Q2 were reported. Fmr Ltd Liability Corporation holds 679,287 shares or 0% of its portfolio. Wesbanco Comml Bank invested in 0.01% or 6,046 shares. Entrustpermal Management Limited Liability stated it has 1.33% in MPLX LP (NYSE:MPLX). Bollard Gru Ltd Com has invested 0.08% of its portfolio in MPLX LP (NYSE:MPLX). Kistler accumulated 279 shares. Koshinski Asset Mgmt Incorporated reported 21,030 shares. Cv Starr Company reported 196,200 shares or 3.18% of all its holdings. Fdx Advisors Incorporated holds 0.03% or 28,883 shares in its portfolio. Beach Inv Counsel Inc Pa holds 31,730 shares or 0.12% of its portfolio. Next Fin Grp Inc reported 109 shares. Westwood Gp owns 0.21% invested in MPLX LP (NYSE:MPLX) for 763,839 shares. Cambridge Invest Advsr reported 12,861 shares. Ing Groep Nv accumulated 3.12 million shares. Heritage Wealth Advsr invested in 0.85% or 48,227 shares. Goldman Sachs Group holds 0.15% or 17.17 million shares.

Since September 13, 2017, it had 0 insider buys, and 2 insider sales for $247,258 activity. $74,000 worth of stock was sold by Floerke Gregory Scott on Monday, December 11. On Wednesday, September 13 the insider Bromley C Corwin sold $173,258.

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