MGE Energy, Inc.
US ˙ NasdaqGS ˙ US55277P1049

SecurityMGEE / MGE Energy, Inc.
InstitutionSilvercrest Asset Management Group Llc
Latest Disclosed Ownership221,263 shares
Latest Disclosed Value $ 17,101,619
Silvercrest Asset Management Group Llc reports 14.56% decrease in ownership of MGEE / MGE Energy, Inc.

On May 15, 2026 - Silvercrest Asset Management Group Llc filed a 13F-HR form disclosing ownership of 221,263 shares of MGE Energy, Inc. (US:MGEE) valued at $17,101,417 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 258,976 shares of MGE Energy, Inc.. This represents a change in shares of -14.56% during the quarter. The current value of the position is $16,242,917 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)
2026-05-15 2026-03-31 13F MGE ENERGY INC COM COM 55277P104 221,263 -37,713 -14.56 17,102 -15.80 0.1236
2026-02-17 2025-12-31 13F MGE ENERGY INC COM COM 55277P104 258,976 -33,374 -11.42 20,309 -17.48 0.1396
2025-11-14 2025-09-30 13F MGE ENERGY INC COM COM 55277P104 292,350 -9,967 -3.30 24,610 -7.96 0.1629
2025-08-14 2025-06-30 13F MGE ENERGY COM 55277P104 302,317 -20,990 -6.49 26,737 -11.04 0.1796
2025-05-15 2025-03-31 13F MGE ENERGY COM 55277P104 323,307 -6,671 -2.02 30,055 -3.06 0.2151
2025-02-14 2024-12-31 13F MGE ENERGY COM 55277P104 329,978 -20,628 -5.88 31,005 -3.30 0.2071
2024-11-14 2024-09-30 13F MGE ENERGY INC COM COM 55277P104 350,606 -4,245 -1.20 32,063 20.92 0.2182
2024-08-15 2024-06-30 13F/A-1 MGE ENERGY INC COM COM 55277P104 354,851 29,575 9.09 26,514 3.55 0.1819
2024-08-14 2024-06-30 13F MGE ENERGY INC COM COM 55277P104 709,702 384,426 53,029 0.1212
2024-05-15 2024-03-31 13F MGE ENERGY INC COM COM 55277P104 325,276 -51,085 -13.57 25,606 -5.91 0.1732
2024-02-14 2023-12-31 13F MGE ENERGY INC COM COM 55277P104 376,361 -4,913 -1.29 27,215 4.18 0.1925
2023-11-14 2023-09-30 13F MGE ENERGY INC COM COM 55277P104 381,274 -2,379 -0.62 26,121 -13.93 0.1983
2023-08-14 2023-06-30 13F MGE ENERGY INC COM COM 55277P104 383,653 -2,357 -0.61 30,351 1.23 0.2165
2023-05-15 2023-03-31 13F MGE ENERGY INC COM COM 55277P104 386,010 -11,230 -2.83 29,981 7.21 0.2277
2023-02-14 2022-12-31 13F MGE ENERGY INC COM COM 55277P104 397,240 -12,718 -3.10 27,966 3.94 0.2150
2022-11-14 2022-09-30 13F MGE ENERGY INC COM COM 55277P104 409,958 -29,799 -6.78 26,906 -21.39 0.2213
2022-08-15 2022-06-30 13F MGE ENERGY INC COM COM 55277P104 439,757 -12,869 -2.84 34,226 -5.23 0.2602
2022-05-16 2022-03-31 13F MGE ENERGY INC COM COM 55277P104 452,626 -57,565 -11.28 36,115 -13.23 0.2346
2022-02-14 2021-12-31 13F MGE ENERGY INC COM COM 55277P104 510,191 -19,662 -3.71 41,620 6.87 0.2637
2021-11-15 2021-09-30 13F MGE ENERGY INC COM COM 55277P104 529,853 1,116 0.21 38,944 -1.05 0.2625
2021-08-16 2021-06-30 13F MGE ENERGY INC COM COM 55277P104 528,737 -14,941 -2.75 39,359 1.41 0.2581
2021-05-17 2021-03-31 13F MGE ENERGY INC COM COM 55277P104 543,678 -67,669 -11.07 38,812 -9.34 0.2621
2021-02-16 2020-12-31 13F MGE ENERGY INC COM COM 55277P104 611,347 22,651 3.85 42,812 16.06 0.3125
2020-11-16 2020-09-30 13F MGE ENERGY INC COM COM 55277P104 588,696 -8,389 -1.40 36,888 -4.23 0.3165
2020-08-14 2020-06-30 13F MGE ENERGY INC COM COM 55277P104 597,085 13,900 2.38 38,518 0.88 0.3416
2020-05-15 2020-03-31 13F MGE ENERGY INC COM COM 55277P104 583,185 9,135 1.59 38,181 -15.62 0.4094
2020-02-14 2019-12-31 13F MGE ENERGY INC COM COM 55277P104 574,050 -2,297 -0.40 45,247 -1.71 0.3510
2019-11-14 2019-09-30 13F MGE ENERGY INC COM COM 55277P104 576,347 -9,835 -1.68 46,033 7.46 0.3797
2019-08-14 2019-06-30 13F MGE ENERGY INC COM COM 55277P104 586,182 -5,313 -0.90 42,838 6.55 0.4013
2019-05-15 2019-03-31 13F MGE ENERGY INC COM COM 55277P104 591,495 -33,390 -5.34 40,204 7.30 0.3952
2019-02-14 2018-12-31 13F MGE ENERGY INC COM COM 55277P104 624,885 -18,480 -2.87 37,468 -8.79 0.4128
2018-11-14 2018-09-30 13F MGE ENERGY INC COM COM 55277P104 643,365 -1,038 -0.16 41,079 1.11 0.3728
2018-08-14 2018-06-30 13F MGE ENERGY INC COM COM 55277P104 644,403 21,811 3.50 40,630 16.33 0.3803
2018-05-15 2018-03-31 13F MGE ENERGY INC COM COM 55277P104 622,592 -364 -0.06 34,928 -11.15 0.3405
2018-02-14 2017-12-31 13F MGE ENERGY INC COM COM 55277P104 622,956 -2,573 -0.41 39,309 -2.72 0.3656
2017-11-14 2017-09-30 13F MGE ENERGY INC COM COM 55277P104 625,529 42,871 7.36 40,409 7.34 0.4027
2017-08-14 2017-06-30 13F MGE ENERGY INC COM COM 55277P104 582,658 -29,213 -4.77 37,645 -5.35 0.4030
2017-05-15 2017-03-31 13F MGE ENERGY INC COM COM 55277P104 611,871 -221,312 -26.56 39,771 -26.90 0.4256
2017-02-14 2016-12-31 13F MGE ENERGY INC COM COM 55277P104 833,183 -1,095 -0.13 54,407 15.48 0.6093
2016-11-14 2016-09-30 13F MGE ENERGY INC COM COM 55277P104 834,278 -37,679 -4.32 47,112 -4.40 0.5656
2016-08-15 2016-06-30 13F MGE ENERGY INC COM COM 55277P104 871,957 -437,254 -33.40 49,278 -27.96 0.6266
2016-05-16 2016-03-31 13F MGE ENERGY INC COM COM 55277P104 1,309,211 23,758 1.85 68,406 14.69 0.9424
2016-02-16 2015-12-31 13F MGE ENERGY INC COM COM 55277P104 1,285,453 87,580 7.31 59,645 20.89 0.8262
2015-11-16 2015-09-30 13F MGE ENERGY INC COM COM 55277P104 1,197,873 299,373 33.32 49,340 41.79 0.7510
2015-08-14 2015-06-30 13F MGE ENERGY INC COM COM 55277P104 898,500 179,684 25.00 34,799 9.23 0.4650
2015-05-15 2015-03-31 13F MGE ENERGY INC COM COM 55277P104 718,816 -49,110 -6.40 31,858 -9.04 0.4521
2015-02-17 2014-12-31 13F MGE ENERGY INC COM COM 55277P104 767,926 -5,386 -0.70 35,025 21.56 0.5078
2014-11-14 2014-09-30 13F MGE ENERGY INC COM COM 55277P104 773,312 12,292 1.62 28,813 -4.17 0.4450
2014-08-14 2014-06-30 13F MGE ENERGY INC COM COM 55277P104 761,020 20,107 2.71 30,068 3.45 0.4510
2014-05-15 2014-03-31 13F MGE ENERGY INC COM COM 55277P104 740,913 357,572 93.28 29,066 31.38 0.4626
2014-02-14 2013-12-31 13F MGE ENERGY INC COM COM 55277P104 383,341 74,744 24.22 22,124 31.42 0.3670
2013-11-14 2013-09-30 13F MGE ENERGY INC COM COM 55277P104 308,597 3,445 1.13 16,834 0.74 0.3235
2013-08-14 2013-06-30 13F MGE ENERGY INC COM COM 55277P104 305,152 305,152 16,710 0.3528
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.