Park Capital Management LLC WI Invests $1.26 Million in MGE Energy, Inc. (NASDAQ:MGEE)

Park Capital Management LLC WI bought a new stake in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,404 shares of the utilities provider's stock, valued at approximately $1,259,000. MGE Energy comprises 1.5% of Park Capital Management LLC WI's investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in MGE Energy by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 425,461 shares of the utilities provider's stock valued at $38,908,000 after purchasing an additional 8,629 shares in the last quarter. Royce & Associates LP lifted its position in shares of MGE Energy by 155.4% during the 3rd quarter. Royce & Associates LP now owns 11,668 shares of the utilities provider's stock valued at $1,067,000 after buying an additional 7,099 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of MGE Energy during the 3rd quarter valued at about $584,000. JPMorgan Chase & Co. grew its stake in shares of MGE Energy by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,585 shares of the utilities provider's stock valued at $5,449,000 after acquiring an additional 8,233 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in MGE Energy by 9,042.4% in the 3rd quarter. International Assets Investment Management LLC now owns 21,759 shares of the utilities provider's stock worth $1,990,000 after acquiring an additional 21,521 shares in the last quarter. Institutional investors own 52.58% of the company's stock.

MGE Energy Price Performance

NASDAQ:MGEE traded down $1.02 on Friday, reaching $89.44. 64,831 shares of the company's stock traded hands, compared to its average volume of 207,150. The firm has a market cap of $3.24 billion, a PE ratio of 27.35 and a beta of 0.76. 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 stock has a 50-day simple moving average of $92.36 and a 200-day simple moving average of $92.50. MGE Energy, Inc. has a 12 month low of $61.94 and a 12 month high of $109.22.

MGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be issued a $0.45 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 2.01%. MGE Energy's dividend payout ratio is presently 55.05%.

Analysts Set New Price Targets

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

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.