State Street Corp Has $133.55 Million Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

State Street Corp increased its holdings in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,460,360 shares of the utilities provider's stock after purchasing an additional 7,294 shares during the period. State Street Corp owned 4.03% of MGE Energy worth $133,550,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MGEE. Charles Schwab Investment Management Inc. increased its position in shares of MGE Energy by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 425,461 shares of the utilities provider's stock worth $38,908,000 after acquiring an additional 8,629 shares in the last quarter. Royce & Associates LP grew its position in MGE Energy by 155.4% in the third quarter. Royce & Associates LP now owns 11,668 shares of the utilities provider's stock valued at $1,067,000 after acquiring an additional 7,099 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake in shares of MGE Energy by 56.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 50,987 shares of the utilities provider's stock valued at $3,810,000 after purchasing an additional 18,315 shares during the period. GSA Capital Partners LLP acquired a new position in shares of MGE Energy during the third quarter worth $584,000. Finally, International Assets Investment Management LLC increased its stake in MGE Energy by 9,042.4% during the 3rd quarter. International Assets Investment Management LLC now owns 21,759 shares of the utilities provider's stock worth $1,990,000 after buying an additional 21,521 shares during the period. 52.58% of the stock is currently owned by institutional investors and hedge funds.

MGE Energy Stock Down 0.7 %

MGEE stock traded down $0.65 during midday trading on Friday, hitting $97.75. 122,234 shares of the company's stock were exchanged, compared to its average volume of 211,993. The firm has a 50 day moving average price of $97.61 and a 200-day moving average price of $88.43. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 29.89 and a beta of 0.74. MGE Energy, Inc. has a 12-month low of $61.94 and a 12-month high of $109.22. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60.

MGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be given a dividend of $0.45 per share. The ex-dividend date is Friday, November 29th. This represents a $1.80 dividend on an annualized basis and a yield of 1.84%. MGE Energy's payout ratio is presently 55.05%.

Analyst Ratings Changes

Separately, Morgan Stanley upped their price objective on shares of MGE Energy from $71.00 to $74.00 and gave the company an "underweight" rating in a research report on Wednesday, September 25th.

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.