Charles Schwab Investment Management Inc. Has $40.67 Million Position in MGE Energy, Inc. (NASDAQ:MGEE)

Charles Schwab Investment Management Inc. raised its holdings in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 432,877 shares of the utilities provider's stock after acquiring an additional 7,416 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.20% of MGE Energy worth $40,673,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of MGE Energy by 367.1% during the 4th quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider's stock worth $31,000 after buying an additional 257 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider's stock worth $34,000 after purchasing an additional 168 shares during the period. Assetmark Inc. bought a new position in shares of MGE Energy during the 3rd quarter valued at about $35,000. Covestor Ltd grew 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 valued at $42,000 after purchasing an additional 123 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in MGE Energy by 507.7% during 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 in the last quarter. Institutional investors and hedge funds own 52.58% of the company's stock.

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Insider Buying and Selling at MGE Energy

In related news, Director James G. Berbee purchased 446 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

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

MGE Energy Stock Down 0.2 %

Shares of MGE Energy stock traded down $0.21 during trading on Monday, reaching $93.01. The stock had a trading volume of 43,329 shares, compared to its average volume of 151,210. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 28.50 and a beta of 0.72. MGE Energy, Inc. has a 52 week low of $72.27 and a 52 week high of $109.22. The stock has a fifty day moving average price of $90.68 and a two-hundred day moving average price of $93.29.

MGE Energy (NASDAQ:MGEE - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $171.42 million for the quarter. Sell-side analysts predict that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.80 annualized dividend and a yield of 1.94%. MGE Energy's payout ratio is currently 54.05%.

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.