MGE Energy, Inc.
US ˙ NasdaqGS ˙ US55277P1049

SecurityMGEE / MGE Energy, Inc.
InstitutionCIBC Private Wealth Group, LLC
Latest Disclosed Ownership952 shares
Latest Disclosed Value $ 74,663
CIBC Private Wealth Group, LLC reports 1.28% increase in ownership of MGEE / MGE Energy, Inc.

On February 12, 2026 - CIBC Private Wealth Group, LLC filed a 13F-HR form disclosing ownership of 952 shares of MGE Energy, Inc. (US:MGEE) valued at $74,656 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 24, 2025 disclosing 940 shares of MGE Energy, Inc.. This represents a change in shares of 1.28% during the quarter. The current value of the position is $72,028 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-12 2025-12-31 13F MGE ENERGY COM 55277P104 952 12 1.28 75 -6.33 0.0001
2025-11-24 2025-09-30 13F MGE ENERGY COM 55277P104 940 3 0.32 79 -3.66 0.0001
2025-08-12 2025-06-30 13F MGE ENERGY COM 55277P104 937 4 0.43 83 1.23 0.0001
2025-05-14 2025-03-31 13F MGE ENERGY COM 55277P104 933 3 0.32 81 -3.57 0.0002
2025-02-12 2024-12-31 13F MGE Energy COM 55277P104 930 3 0.32 85 0.00 0.0002
2024-11-13 2024-09-30 13F MGE Energy COM 55277P104 927 -1,314 -58.63 85 -50.30 0.0002
2024-08-09 2024-06-30 13F MGE Energy COM 55277P104 2,241 3 0.13 170 -3.98 0.0003
2024-05-10 2024-03-31 13F MGE Energy COM 55277P104 2,238 2,238 176 0.0003
2022-11-15 2022-09-30 13F MGE ENERGY COM 55277P104 0 -3,843 -100.00 0 -100.00
2022-08-03 2022-06-30 13F MGE ENERGY COM 55277P104 3,843 0 0.00 299 -2.61 0.0008
2022-05-16 2022-03-31 13F MGE ENERGY COM 55277P104 3,843 0 0.00 307 -2.85 0.0007
2022-04-04 2021-12-31 13F/A-1 MGE ENERGY COM 55277P104 3,843 0 0.00 316 12.06 0.0007
2022-02-08 2021-12-31 13F MGE ENERGY COM 55277P104 3,843 0 316 0.0005
2021-11-12 2021-09-30 13F MGE ENERGY COM 55277P104 3,843 0 0.00 282 -1.40 0.0007
2021-08-16 2021-06-30 13F MGE ENERGY COM 55277P104 3,843 0 0.00 286 4.38 0.0007
2021-05-12 2021-03-31 13F MGE ENERGY COM 55277P104 3,843 0 0.00 274 1.86 0.0007
2021-02-12 2020-12-31 13F MGE ENERGY COM 55277P104 3,843 -130 -3.27 269 8.03 0.0007
2020-11-03 2020-09-30 13F/A-1 MGE ENERGY COM 55277P104 3,973 3,973 249 0.0008
2020-08-13 2020-06-30 13F MGE ENERGY COM 55277P104 0 -3,973 -100.00 0 -100.00
2020-05-15 2020-03-31 13F MGE ENERGY COM 55277P104 3,973 -838 -17.42 260 -31.40 0.0011
2020-01-30 2019-12-31 13F MGE ENERGY COM 55277P104 4,811 0 0.00 379 -1.30 0.0012
2019-10-16 2019-09-30 13F MGE ENERGY COM 55277P104 4,811 838 21.09 384 32.41 0.0014
2019-07-31 2019-06-30 13F MGE ENERGY COM 55277P104 3,973 0 0.00 290 7.41 0.0010
2019-05-10 2019-03-31 13F MGE ENERGY COM 55277P104 3,973 0 0.00 270 13.45 0.0010
2019-02-05 2018-12-31 13F MGE ENERGY COM 55277P104 3,973 0 0.00 238 -6.30 0.0011
2018-11-14 2018-09-30 13F MGE ENERGY COM 55277P104 3,973 0 0.00 254 1.60 0.0010
2018-08-02 2018-06-30 13F MGE ENERGY COM 55277P104 3,973 0 0.00 250 12.11 0.0010
2018-05-17 2018-03-31 13F MGE ENERGY COM 55277P104 3,973 0 0.00 223 -11.16 0.0010
2018-02-12 2017-12-31 13F MGE ENERGY COM 55277P104 3,973 0 0.00 251 -2.33 0.0011
2017-12-21 2017-09-30 13F/A-1 MGE ENERGY COM 55277P104 3,973 3,973 257 0.0012
2017-11-14 2017-09-30 13F MGE ENERGY COM 55277P104 3,973 257 0.0011
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.