James G. Berbee Purchases 446 Shares of MGE Energy, Inc. (NASDAQ:MGEE) Stock

MGE Energy, Inc. (NASDAQ:MGEE - Get Free Report) Director James G. Berbee purchased 446 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $90.83 per share, with a total value of $40,510.18. Following the completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

MGE Energy Stock Performance

NASDAQ MGEE traded up $0.02 during trading hours on Monday, reaching $93.24. 40,756 shares of the company were exchanged, compared to its average volume of 151,148. The stock has a market capitalization of $3.40 billion, a P/E ratio of 28.51 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The business's 50 day simple moving average is $90.68 and its 200-day simple moving average is $93.29. MGE Energy, Inc. has a 1 year low of $72.27 and a 1 year high of $109.22.

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

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MGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, February 28th. MGE Energy's payout ratio is currently 54.05%.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH raised shares of MGE Energy to a "strong sell" rating in a research note on Thursday, December 12th.

Institutional Trading of MGE Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC bought a new position in shares of MGE Energy in the 3rd quarter worth approximately $11,765,000. JPMorgan Chase & Co. lifted its position in shares of MGE Energy by 145.0% during the fourth quarter. JPMorgan Chase & Co. now owns 146,008 shares of the utilities provider's stock worth $13,719,000 after purchasing an additional 86,423 shares during the last quarter. Millennium Management LLC lifted its position in shares of MGE Energy by 134.8% during the fourth quarter. Millennium Management LLC now owns 106,611 shares of the utilities provider's stock worth $10,017,000 after purchasing an additional 61,200 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of MGE Energy by 307.8% during the fourth quarter. Susquehanna International Group LLP now owns 78,843 shares of the utilities provider's stock valued at $7,408,000 after buying an additional 59,510 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of MGE Energy during the fourth quarter valued at $4,556,000. 52.58% of the stock is owned by hedge funds and other institutional investors.

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.