Annex Advisory Services LLC Buys New Position in MGE Energy, Inc. (NASDAQ:MGEE)

Annex Advisory Services LLC acquired a new stake in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,404 shares of the utilities provider's stock, valued at approximately $320,000.

Other institutional investors have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of MGE Energy during the 3rd quarter worth approximately $11,765,000. Barclays PLC boosted its stake in MGE Energy by 345.8% in the 3rd quarter. Barclays PLC now owns 62,308 shares of the utilities provider's stock valued at $5,697,000 after purchasing an additional 48,330 shares during the period. Millennium Management LLC boosted its stake in MGE Energy by 136.0% in the 2nd quarter. Millennium Management LLC now owns 79,200 shares of the utilities provider's stock valued at $5,918,000 after purchasing an additional 45,647 shares during the period. Squarepoint Ops LLC bought a new stake in MGE Energy in the 2nd quarter valued at $1,671,000. Finally, International Assets Investment Management LLC boosted its stake in MGE Energy by 9,042.4% in the 3rd quarter. International Assets Investment Management LLC now owns 21,759 shares of the utilities provider's stock valued at $1,990,000 after purchasing an additional 21,521 shares during the period. Institutional investors own 52.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MGEE. LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a research report on Thursday, December 12th. Morgan Stanley upped their target price on MGE Energy from $71.00 to $74.00 and gave the company an "underweight" rating in a research report on Wednesday, September 25th.

MGE Energy Price Performance

Shares of MGE Energy stock traded down $4.58 during trading on Wednesday, reaching $89.60. 124,951 shares of the company's stock were exchanged, compared to its average volume of 131,370. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. MGE Energy, Inc. has a 1-year low of $61.94 and a 1-year high of $109.22. The company has a market cap of $3.24 billion, a P/E ratio of 27.40 and a beta of 0.76. The firm's 50-day moving average price is $97.78 and its 200 day moving average price is $91.72.

MGE Energy (NASDAQ:MGEE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.04). MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. The firm had revenue of $168.48 million during the quarter, compared to analyst estimates of $163.82 million. As a group, research analysts anticipate that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued a $0.45 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 2.01%. MGE Energy's payout ratio is presently 55.05%.

MGE Energy Profile

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services.