MGE ENERGY INC

Ticker: MGEE CUSIP: 55277P104 Class: EQTY

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 10,665 Value ($000) $836 Avg Close $81.88 Range $77.46 - $87.44

Q3 2025

Shares 14,117 Value ($000) $1,188 Avg Close $84.55 Range $81.29 - $89.64

Q2 2025

Shares 12,895 Value ($000) $1,140 Avg Close $88.71 Range $82.64 - $92.70

Q1 2025

Shares 12,347 Value ($000) $1,148 Avg Close $89.24 Range $82.79 - $94.23

Q4 2024

Shares 12,139 Value ($000) $1,141 Avg Close $94.30 Range $85.20 - $106.47

Q3 2024

Shares 12,586 Value ($000) $1,155 Avg Close $83.06 Range $70.08 - $90.80

Q2 2024

Shares 12,580 Value ($000) $940 Avg Close $75.44 Range $70.99 - $79.58

Q1 2024

Shares 10,627 Value ($000) $1 Avg Close $67.28 Range $59.48 - $79.45

Q4 2023

Shares 10,966 Value ($000) $1 Avg Close $69.06 Range $62.00 - $72.73

Q3 2023

Shares 10,298 Value ($000) $1 Avg Close $71.95 Range $64.94 - $78.85

Q2 2023

Shares 9,476 Value ($000) $1 Avg Close $72.43 Range $66.60 - $76.55

Q1 2023

Shares 9,854 Value ($000) $1 Avg Close $67.95 Range $64.42 - $73.96

Q4 2022

Shares 9,854 Value ($000) $1 Avg Close $64.08 Range $57.39 - $69.26

Q3 2022

Shares 9,875 Value ($000) $648 Avg Close $72.70 Range $60.97 - $79.87

Q2 2022

Shares 9,867 Value ($000) $768 Avg Close $73.59 Range $68.07 - $78.29

Q1 2022

Shares 9,863 Value ($000) $787 Avg Close $69.83 Range $63.69 - $75.59

Q4 2021

Shares 11,022 Value ($000) $907 Avg Close $70.14 Range $65.70 - $75.65

Q3 2021

Shares 13,182 Value ($000) $969 Avg Close $71.14 Range $65.93 - $75.27

Q2 2021

Shares 11,752 Value ($000) $875 Avg Close $67.43 Range $63.48 - $70.23

Q1 2021

Shares 11,766 Value ($000) $840 Avg Close $60.60 Range $56.56 - $65.90

Q4 2020

Shares 11,006 Value ($000) $771 Avg Close $61.71 Range $55.58 - $66.52

Q3 2020

Shares 11,001 Value ($000) $689 Avg Close $57.65 Range $53.32 - $60.81

Q2 2020

Shares 11,002 Value ($000) $710 Avg Close $57.78 Range $49.69 - $64.40

Q1 2020

Shares 11,823 Value ($000) $774 Avg Close $65.70 Range $41.69 - $73.22

Q4 2019

Shares 10,543 Value ($000) $831 Avg Close $67.55 Range $63.34 - $70.99

Q3 2019

Shares 10,539 Value ($000) $841 Avg Close $65.28 Range $61.70 - $70.77

Q2 2019

Shares 6,294 Value ($000) $460 Avg Close $59.70 Range $55.69 - $66.61

Q1 2019

Shares 6,290 Value ($000) $428 Avg Close $54.99 Range $48.93 - $59.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,665	$836	$81.88	$77.46 - $87.44
Q3 2025	14,117	$1,188	$84.55	$81.29 - $89.64
Q2 2025	12,895	$1,140	$88.71	$82.64 - $92.70
Q1 2025	12,347	$1,148	$89.24	$82.79 - $94.23
Q4 2024	12,139	$1,141	$94.30	$85.20 - $106.47
Q3 2024	12,586	$1,155	$83.06	$70.08 - $90.80
Q2 2024	12,580	$940	$75.44	$70.99 - $79.58
Q1 2024	10,627	$1	$67.28	$59.48 - $79.45
Q4 2023	10,966	$1	$69.06	$62.00 - $72.73
Q3 2023	10,298	$1	$71.95	$64.94 - $78.85
Q2 2023	9,476	$1	$72.43	$66.60 - $76.55
Q1 2023	9,854	$1	$67.95	$64.42 - $73.96
Q4 2022	9,854	$1	$64.08	$57.39 - $69.26
Q3 2022	9,875	$648	$72.70	$60.97 - $79.87
Q2 2022	9,867	$768	$73.59	$68.07 - $78.29
Q1 2022	9,863	$787	$69.83	$63.69 - $75.59
Q4 2021	11,022	$907	$70.14	$65.70 - $75.65
Q3 2021	13,182	$969	$71.14	$65.93 - $75.27
Q2 2021	11,752	$875	$67.43	$63.48 - $70.23
Q1 2021	11,766	$840	$60.60	$56.56 - $65.90
Q4 2020	11,006	$771	$61.71	$55.58 - $66.52
Q3 2020	11,001	$689	$57.65	$53.32 - $60.81
Q2 2020	11,002	$710	$57.78	$49.69 - $64.40
Q1 2020	11,823	$774	$65.70	$41.69 - $73.22
Q4 2019	10,543	$831	$67.55	$63.34 - $70.99
Q3 2019	10,539	$841	$65.28	$61.70 - $70.77
Q2 2019	6,294	$460	$59.70	$55.69 - $66.61
Q1 2019	6,290	$428	$54.99	$48.93 - $59.48