MGE Energy (NASDAQ:MGEE) Stock Price Passes Above 200-Day Moving Average - What's Next?

MGE Energy, Inc. (NASDAQ:MGEE - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $91.07 and traded as high as $93.98. MGE Energy shares last traded at $93.85, with a volume of 112,228 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MGEE. LADENBURG THALM/SH SH raised MGE Energy to a "strong sell" rating in a research note on Thursday, December 12th. Morgan Stanley upped their price target on MGE Energy from $71.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday, September 25th.

MGE Energy Trading Down 0.1 %

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 firm's fifty day moving average is $98.28 and its two-hundred day moving average is $91.21. The firm has a market capitalization of $3.40 billion, a PE ratio of 28.69 and a beta of 0.76.

MGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.92%. MGE Energy's dividend payout ratio is presently 55.05%.

Institutional Trading of MGE Energy

A number of hedge funds have recently bought and sold shares of MGEE. Merit Financial Group LLC increased its position in shares of MGE Energy by 1.7% during the 4th quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider's stock valued at $665,000 after purchasing an additional 116 shares during the last quarter. Covestor Ltd grew its position in MGE Energy by 37.3% during the third quarter. Covestor Ltd now owns 453 shares of the utilities provider's stock valued at $42,000 after buying an additional 123 shares during the period. Bank of Montreal Can grew its position in MGE Energy by 1.6% during the second quarter. Bank of Montreal Can now owns 9,149 shares of the utilities provider's stock valued at $705,000 after buying an additional 140 shares during the period. Inspire Investing LLC increased its holdings in MGE Energy by 3.2% during the second quarter. Inspire Investing LLC now owns 4,702 shares of the utilities provider's stock worth $351,000 after buying an additional 144 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in MGE Energy by 88.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider's stock worth $34,000 after acquiring an additional 168 shares during the period. 52.58% of the stock is currently owned by 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.