Jane Street Group LLC Decreases Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Jane Street Group LLC decreased its stake in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 45.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,668 shares of the utilities provider's stock after selling 66,098 shares during the quarter. Jane Street Group LLC owned approximately 0.22% of MGE Energy worth $7,194,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of MGE Energy by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 425,461 shares of the utilities provider's stock valued at $38,908,000 after acquiring an additional 8,629 shares during the period. Royce & Associates LP boosted its position in shares of MGE Energy by 155.4% in the third quarter. Royce & Associates LP now owns 11,668 shares of the utilities provider's stock worth $1,067,000 after purchasing an additional 7,099 shares during the period. Susquehanna Fundamental Investments LLC raised its position in shares of MGE Energy by 56.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 50,987 shares of the utilities provider's stock valued at $3,810,000 after purchasing an additional 18,315 shares during the period. GSA Capital Partners LLP bought a new stake in shares of MGE Energy during the 3rd quarter valued at $584,000. Finally, International Assets Investment Management LLC lifted its stake in shares of MGE Energy by 9,042.4% during 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 buying an additional 21,521 shares in the last quarter. Institutional investors own 52.58% of the company's stock.

Analyst Ratings Changes

Separately, Morgan Stanley raised their price target on MGE Energy from $71.00 to $74.00 and gave the company an "underweight" rating in a report on Wednesday, September 25th.

MGE Energy Price Performance

MGEE traded down $0.65 during trading on Friday, reaching $97.75. 122,234 shares of the company traded hands, compared to its average volume of 211,993. The company has a market cap of $3.54 billion, a P/E ratio of 29.89 and a beta of 0.74. 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 $61.94 and a 12-month high of $109.22. The firm has a fifty day simple moving average of $97.61 and a 200 day simple moving average of $88.51.

MGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.80 dividend on an annualized basis and a yield of 1.84%. MGE Energy's dividend payout ratio is currently 55.05%.

About MGE Energy

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.