Harbour Investments Inc. Boosts Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Harbour Investments Inc. raised its stake in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,883 shares of the utilities provider's stock after buying an additional 2,708 shares during the period. Harbour Investments Inc. owned about 0.17% of MGE Energy worth $5,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MGEE. Versant Capital Management Inc boosted its position in MGE Energy by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider's stock valued at $31,000 after buying an additional 257 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in MGE Energy by 88.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider's stock valued at $34,000 after buying an additional 168 shares during the period. Assetmark Inc. purchased a new stake in shares of MGE Energy in the 3rd quarter worth approximately $35,000. Covestor Ltd lifted its position in shares of MGE Energy by 37.3% in the 3rd quarter. Covestor Ltd now owns 453 shares of the utilities provider's stock worth $42,000 after purchasing an additional 123 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of MGE Energy by 507.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider's stock worth $105,000 after purchasing an additional 929 shares during the period. 52.58% of the stock is owned by hedge funds and other institutional investors.

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MGE Energy Stock Performance

Shares of NASDAQ:MGEE traded up $0.05 during midday trading on Thursday, reaching $92.56. The company's stock had a trading volume of 101,625 shares, compared to its average volume of 148,254. The firm has a market capitalization of $3.38 billion, a PE ratio of 28.31 and a beta of 0.72. MGE Energy, Inc. has a twelve month low of $72.27 and a twelve month high of $109.22. The stock has a fifty day moving average of $90.79 and a 200 day moving average of $93.37. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60.

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). MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. The business had revenue of $171.42 million during the quarter. On average, equities analysts expect that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, February 28th. MGE Energy's dividend payout ratio (DPR) is presently 54.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MGEE shares. LADENBURG THALM/SH SH raised shares of MGE Energy to a "strong sell" rating in a research report on Monday. Morgan Stanley increased their target price on shares of MGE Energy from $78.00 to $80.00 and gave the company an "underweight" rating in a research report on Thursday.

Insider Buying and Selling at MGE Energy

In related news, Director James G. Berbee acquired 446 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $90.83 per share, with a total value of $40,510.18. Following the completion of the acquisition, the director now directly owns 11,532 shares in the company, valued at approximately $1,047,451.56. This trade represents a 4.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company's stock.

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.