PIMCO New York Municipal Income Fund (PNF) Forms $11.62 Double Bottom; Madison Gas & Electric Co (MGEE)’s Sentiment Is 1.08

May 18, 2018 - By Louis Casey

MGE Energy, Inc. (NASDAQ:MGEE) Logo

Madison Gas & Electric Co (MGEE) investors sentiment increased to 1.08 in 2017 Q4. It’s up 0.15, from 0.93 in 2017Q3. The ratio is positive, as 54 investment professionals increased and started new stock positions, while 50 sold and reduced equity positions in Madison Gas & Electric Co. The investment professionals in our database now own: 13.45 million shares, up from 13.23 million shares in 2017Q3. Also, the number of investment professionals holding Madison Gas & Electric Co in top ten stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 11 Reduced: 39 Increased: 38 New Position: 16.

PIMCO New York Municipal Income Fund (PNF) formed double bottom with $10.57 target or 9.00% below today’s $11.62 share price. PIMCO New York Municipal Income Fund (PNF) has $90.10M valuation. The stock decreased 0.43% or $0.05 during the last trading session, reaching $11.62. About 34,106 shares traded or 26.14% up from the average. PIMCO New York Municipal Income Fund (NYSE:PNF) has declined 7.43% since May 18, 2017 and is downtrending. It has underperformed by 18.98% the S&P500.

Investors sentiment increased to 2 in 2017 Q4. Its up 1.00, from 1 in 2017Q3. It is positive, as 0 investors sold PIMCO New York Municipal Income Fund shares while 2 reduced holdings. 1 funds opened positions while 3 raised stakes. 426,665 shares or 5.07% less from 449,456 shares in 2017Q3 were reported. Focused Wealth Mngmt has 1,050 shares for 0% of their portfolio. Credit Suisse Ag reported 15,500 shares or 0% of all its holdings. Fincl Bank Of America Corp De invested in 21,398 shares. New York-based Horizon Kinetics Limited Co has invested 0.02% in PIMCO New York Municipal Income Fund (NYSE:PNF). Guggenheim Limited Liability Corp accumulated 225,262 shares. Brave Asset Mgmt Inc stated it has 11,500 shares. Morgan Stanley holds 85,910 shares. Wells Fargo And Mn owns 12,207 shares or 0% of their US portfolio. Royal Retail Bank Of Canada invested in 0% or 7,000 shares.

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding firm primarily in Wisconsin. The company has market cap of $1.98 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 20.3 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.

Oarsman Capital Inc. holds 0.87% of its portfolio in MGE Energy, Inc. for 31,882 shares. Zebra Capital Management Llc owns 17,766 shares or 0.38% of their US portfolio. Moreover, Silvercrest Asset Management Group Llc has 0.37% invested in the company for 622,956 shares. The Arizona-based Cue Financial Group Inc. has invested 0.21% in the stock. Teton Advisors Inc., a New York-based fund reported 36,000 shares.

MGE Energy, Inc. (NASDAQ:MGEE) Institutional Positions Chart

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