Stock Trading Canary

United States · SEC Form 4 · Snapshot date: 2026-10-18 · Built: 2026-10-18 · 中文

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US · SEC FORM 4

MGE ENERGY INC

MGEE · Nasdaq · CIK 0001161728 · Utilities · Utilities—Regulated Electric

INSIDER SIGNAL

46.8 / 100

1 buyers · 2 purchase transaction lines · $42.5K gross purchase

WHY THIS SIGNAL?

Buyer breadthLow
Purchase sizeLow
RoleStrong
RecencyModerate
ConvictionStrong
Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+7.0 / 35
Purchase size+4.6 / 25
Role+20.0 / 20
Recency+5.2 / 10
Conviction+10.0 / 10

What is holding the score back?

  • ⚠ Cluster breadth is moderate · 1 insider(s), not 4+
  • ⚠ Purchase size is modest relative to the model scale
  • ✓ Role scores high · most senior buyer: Director

Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.

US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct
Berbee James GDirector
●●
● Purchase▼ Sale○ Other

—

Purchase breadth & concentration

QUALIFYING BUYERS1
PURCHASE CONCENTRATION100%Largest buyer: Berbee James G · $42.5K
CLUSTER BUYING · 15D1 insiderPeak activity: 2026-08-19–2026-08-19

Roles in the peak window: Director. Concentration uses priced qualifying P lines only and does not change the saved score.

SIGNAL HISTORY

46.8 / 100

Latest recorded score

↓ -0.2 ptsversus the previous recorded snapshot
  1. 47.4
  2. 47.3
  3. 47.1
  4. 47.0
  5. 46.8

Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.

Recent Form 4 activity

4Purchases
0Sales
30Other Form 4 lines
29SEC filings · 365 days
BUYING2 qualifying P line(s) · 180 days
SELLING0 sale line(s) · context only
OTHER0 exercise / withholding / award / gift / other lines
10b5-1 / PLANNEDNot assessed

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M
-8.1%
3M
-14.5%
6M
-13.1%
12M
-16.5%

Volatility & liquidity

Volatility
21.8%
Beta
—
Avg daily value
USD 12.7M

Valuation

Market cap
USD 2.6B
P/E
19.0×

Fundamentals

Profit margin
—
ROE
10.4%
Industry
Utilities—Regulated Electric

Market data

Price data up to: 2026-10-11 · Price source: OpenBB/yfinance; volume from price cache (yfinance) · From SEC filings: Market cap, P/E, ROE · Fiscal year ended: 2025-12-31 · Market cap is the shares outstanding stated on the filing cover multiplied by the latest close. Share count date: 2026-04-30 · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short
1,605,021
Previous report
1,746,686
Avg daily volume
256,689
Days to cover
6.2

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction dateReporting ownerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-09Berbee James GPurchase (P)Common Stock275USD 77.35USD 21,251SEC filing ↗
2026-08-19Berbee James GPurchase (P)Common Stock261USD 81.30USD 21,249SEC filing ↗
2026-03-11Berbee James GPurchase (P)Common Stock373USD 77.74USD 28,985SEC filing ↗
2025-12-05Berbee James GPurchase (P)Common Stock270USD 78.57USD 21,235SEC filing ↗
2025-09-08Berbee James GPurchase (P)Common Stock254USD 83.75USD 21,237SEC filing ↗
2025-08-15Berbee James GPurchase (P)Common Stock507USD 83.83USD 42,476SEC filing ↗
2025-03-12Berbee James GPurchase (P)Common Stock446USD 90.83USD 40,468SEC filing ↗
2024-08-23Berbee James GPurchase (P)Common Stock406USD 87.36USD 35,479SEC filing ↗
2024-05-30Berbee James GPurchase (P)Common Stock58USD 78.00USD 4,497SEC filing ↗
2024-03-06Berbee James GPurchase (P)Common Stock458USD 82.16USD 37,605SEC filing ↗
2023-12-06Smith Scott RobertPurchase (P)Common Stock134USD 74.39USD 9,994SEC filing ↗
2023-12-06Berbee James GPurchase (P)Common Stock20USD 74.39USD 1,499SEC filing ↗
2023-11-15Berbee James GPurchase (P)MGEE Common Stock100USD 75.07USD 7,495SEC filing ↗
2023-08-25Berbee James GPurchase (P)MGEE Common Stock434USD 74.84USD 32,480SEC filing ↗
2023-05-23Berbee James GPurchase (P)MGEE Common Stock60USD 75.50USD 4,497SEC filing ↗

Form 4 evidence

34 transaction lines in the latest 365-day window; 144 in local history.

DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-09Berbee James GPurchase (P)Common Stock275USD 77.35USD 21,251SEC filing ↗
2026-08-19Berbee James GPurchase (P)Common Stock261USD 81.30USD 21,249SEC filing ↗
2026-04-17Bushek Jared JosephAward / grant (A)Common Stock25,000USD 0.00USD 0SEC filing ↗
Show recent Form 4 evidence (30 grouped rows)
DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-09Berbee James GPurchase (P)Common Stock275USD 77.35USD 21,251SEC filing ↗
2026-08-19Berbee James GPurchase (P)Common Stock261USD 81.30USD 21,249SEC filing ↗
2026-04-17Bushek Jared JosephAward / grant (A)Common Stock25,000USD 0.00USD 0SEC filing ↗
2026-03-11Berbee James GPurchase (P)Common Stock373USD 77.74USD 28,985SEC filing ↗
2026-03-02Smith Scott RobertAward / grant (A)Common Stock1,116USD 0.00USD 0SEC filing ↗
2026-03-02Renlund Cari AnneAward / grant (A)Common Stock1,716USD 0.00USD 0SEC filing ↗
2026-03-02Lorenz James JeromeAward / grant (A)Common Stock1,390USD 0.00USD 0SEC filing ↗
2026-03-02Lagerwall Jenny LynnAward / grant (A)Common Stock688USD 0.00USD 0SEC filing ↗
2026-03-02Keebler Jeffrey MAward / grant (A)Common Stock10,905USD 0.00USD 0SEC filing ↗
2026-03-02Jicha John AnthonyAward / grant (A)Common Stock945USD 0.00USD 0SEC filing ↗
2026-03-02Garner Melissa TysonAward / grant (A)Common Stock1,374USD 0.00USD 0SEC filing ↗
2026-03-02Bushek Jared JosephAward / grant (A)Common Stock3,684USD 0.00USD 0SEC filing ↗
2026-01-02Smith Scott RobertTax withholding (F)Common Stock299USD 78.44USD 23,454SEC filing ↗
2026-01-02Renlund Cari AnneTax withholding (F)Common Stock438USD 78.44USD 34,357SEC filing ↗
2026-01-02Lorenz James JeromeTax withholding (F)Common Stock275USD 78.44USD 21,571SEC filing ↗
2026-01-02Keebler Jeffrey MTax withholding (F)Common Stock1,216USD 78.44USD 95,383SEC filing ↗
2026-01-02HOBBIE LYNN KTax withholding (F)Common Stock466USD 78.44USD 36,553SEC filing ↗
2026-01-02Garner Melissa TysonTax withholding (F)Common Stock173USD 78.44USD 13,570SEC filing ↗
2026-01-02Bushek Jared JosephTax withholding (F)Common Stock430USD 78.44USD 33,729SEC filing ↗
2025-12-31Wray Noble LynnwoodOption exercise / conversion (M)Common Stock2,062USD —USD —SEC filing ↗
2025-12-31Wray Noble LynnwoodD (D)Common Stock516USD —USD —SEC filing ↗
2025-12-31WOLTER GARY JOption exercise / conversion (M)Common Stock2,062USD —USD —SEC filing ↗
2025-12-31WOLTER GARY JD (D)Common Stock516USD —USD —SEC filing ↗
2025-12-31Rieger Angela S.Option exercise / conversion (M)Common Stock918USD —USD —SEC filing ↗
2025-12-31Possin James LOption exercise / conversion (M)Common Stock2,062USD —USD —SEC filing ↗
2025-12-31Kelly Daniel JamesOption exercise / conversion (M)Common Stock918USD —USD —SEC filing ↗
2025-12-31DEWEY LONDA JOption exercise / conversion (M)Common Stock2,062USD —USD —SEC filing ↗
2025-12-31DEWEY LONDA JD (D)Common Stock516USD —USD —SEC filing ↗
2025-12-31Berbee James GOption exercise / conversion (M)Common Stock2,062USD —USD —SEC filing ↗
2025-12-31Anderson Marcia MOption exercise / conversion (M)Common Stock2,062USD —USD —SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date2026-10-18
Ranking versionUS-v1.2
Data qualityPASS ELIGIBLE · —
TickerMGEE
CIK0001161728
SectorUtilities
IndustryUtilities—Regulated Electric Yahoo Finance
SEC SIC4900 Electric, Gas & Sanitary Services
ExchangeNasdaq

Data coverage

Local Form 4 history144 transaction lines from 2020-08-14 to 2026-09-09
38 P purchase lines · 0 S sale lines · 106 other lines
SEC company submissionsOpen SEC filings ↗

Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.