MGE Energy, Inc. (NASDAQ:MGEE) Stock Holdings Increased by Martingale Asset Management L P

Martingale Asset Management L P increased its position in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 67.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,912 shares of the utilities provider's stock after buying an additional 4,812 shares during the quarter. Martingale Asset Management L P's holdings in MGE Energy were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of MGEE. Quest Partners LLC grew its position in shares of MGE Energy by 5,088.9% during the second quarter. Quest Partners LLC now owns 467 shares of the utilities provider's stock worth $35,000 after purchasing an additional 458 shares in the last quarter. Assetmark Inc. acquired a new position in shares of MGE Energy in the third quarter valued at about $35,000. Covestor Ltd boosted its stake in shares of MGE Energy by 37.3% in the third quarter. Covestor Ltd now owns 453 shares of the utilities provider's stock worth $42,000 after buying an additional 123 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of MGE Energy by 244.6% during the second quarter. GAMMA Investing LLC now owns 672 shares of the utilities provider's stock valued at $50,000 after acquiring an additional 477 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in MGE Energy during the second quarter worth $58,000. 52.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley lifted their price objective 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 Trading Up 0.6 %

MGEE traded up $0.63 during trading on Monday, reaching $104.91. 173,160 shares of the company's stock were exchanged, compared to its average volume of 211,651. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. MGE Energy, Inc. has a one year low of $61.94 and a one year high of $109.22. The firm has a fifty day moving average price of $95.66 and a two-hundred day moving average price of $87.01. The stock has a market capitalization of $3.80 billion, a PE ratio of 31.84 and a beta of 0.71.

MGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, November 29th. MGE Energy's dividend payout ratio is presently 55.05%.

MGE Energy Company 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.