Great Lakes Advisors LLC Acquires Shares of 44,804 MGE Energy, Inc. (NASDAQ:MGEE)

Great Lakes Advisors LLC purchased a new position in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,804 shares of the utilities provider's stock, valued at approximately $4,210,000. Great Lakes Advisors LLC owned approximately 0.12% of MGE Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of MGE Energy during the third quarter worth about $11,765,000. Barclays PLC lifted its holdings in shares of MGE Energy by 345.8% during the third quarter. Barclays PLC now owns 62,308 shares of the utilities provider's stock worth $5,697,000 after purchasing an additional 48,330 shares during the period. First Business Financial Services Inc. lifted its holdings in shares of MGE Energy by 569.6% during the fourth quarter. First Business Financial Services Inc. now owns 45,584 shares of the utilities provider's stock worth $4,283,000 after purchasing an additional 38,776 shares during the period. Citigroup Inc. lifted its holdings in shares of MGE Energy by 62.4% during the third quarter. Citigroup Inc. now owns 44,040 shares of the utilities provider's stock worth $4,027,000 after purchasing an additional 16,927 shares during the period. Finally, Park Capital Management LLC WI acquired a new stake in shares of MGE Energy during the fourth quarter worth about $1,259,000. Institutional investors and hedge funds own 52.58% of the company's stock.

MGE Energy Price Performance

Shares of MGEE traded down $0.14 during trading hours on Wednesday, hitting $92.51. 94,700 shares of the stock were exchanged, compared to its average volume of 149,026. 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 12-month low of $72.27 and a 12-month high of $109.22. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 28.29 and a beta of 0.72. The stock's 50-day moving average price is $90.77 and its two-hundred day moving average price is $93.38.

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MGE Energy (NASDAQ:MGEE - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.23). The company had revenue of $171.42 million for the quarter. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. Research analysts expect that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, February 28th. MGE Energy's dividend payout ratio (DPR) is presently 54.05%.

Insider Buying and Selling

In related news, Director James G. Berbee purchased 446 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $90.83 per share, for a total transaction of $40,510.18. Following the acquisition, the director now directly owns 11,532 shares in the company, valued at $1,047,451.56. This trade represents a 4.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a research report on Monday.

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.