Royce & Associates LP Increases Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Royce & Associates LP increased its holdings in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,281 shares of the utilities provider's stock after acquiring an additional 4,613 shares during the quarter. Royce & Associates LP's holdings in MGE Energy were worth $1,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MGEE. Merit Financial Group LLC lifted its position in shares of MGE Energy by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider's stock worth $665,000 after purchasing an additional 116 shares during the period. Savant Capital LLC lifted its holdings in MGE Energy by 2.9% during the fourth quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider's stock worth $462,000 after buying an additional 139 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in 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 buying an additional 168 shares during the period. HighTower Advisors LLC increased its holdings in shares of MGE Energy by 3.4% in the 4th quarter. HighTower Advisors LLC now owns 7,266 shares of the utilities provider's stock valued at $683,000 after acquiring an additional 236 shares during the period. Finally, Choreo LLC raised its position in shares of MGE Energy by 10.8% in the 4th quarter. Choreo LLC now owns 2,526 shares of the utilities provider's stock worth $238,000 after acquiring an additional 247 shares in the last quarter. 52.58% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

MGEE has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of MGE Energy from $78.00 to $80.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. LADENBURG THALM/SH SH raised shares of MGE Energy to a "strong sell" rating in a report on Monday, March 17th.

Insider Activity at MGE Energy

In other MGE Energy news, Director James G. Berbee bought 446 shares of MGE Energy stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price 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 accessible through this link. 0.19% of the stock is owned by insiders.

MGE Energy Stock Down 1.4 %

NASDAQ MGEE traded down $1.25 during trading on Tuesday, hitting $90.44. The company's stock had a trading volume of 120,097 shares, compared to its average volume of 146,210. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22. The company has a market cap of $3.30 billion, a PE ratio of 27.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94. The business's 50 day simple moving average is $90.93 and its 200-day simple moving average is $93.53.

MGE Energy (NASDAQ:MGEE - Get Free Report) last released its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share 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 return on equity of 10.18% and a net margin of 17.70%. On average, equities analysts anticipate 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. Shareholders of record on Saturday, March 1st were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 1.99%. MGE Energy's dividend payout ratio is currently 54.05%.

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.