MGE Energy, Inc. (NASDAQ:MGEE) Shares Purchased by US Bancorp DE

US Bancorp DE increased its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,372 shares of the utilities provider's stock after purchasing an additional 6,635 shares during the period. US Bancorp DE owned approximately 0.11% of MGE Energy worth $3,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in MGE Energy by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider's stock valued at $31,000 after buying an additional 257 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position 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 valued at $34,000 after buying an additional 168 shares during the period. Assetmark Inc. acquired a new stake in MGE Energy during the third quarter valued at $35,000. 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. Finally, KBC Group NV grew its position in MGE Energy by 32.2% during the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider's stock valued at $139,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 52.58% of the company's stock.

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Wall Street Analyst Weigh In

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 Price Performance

Shares of NASDAQ MGEE traded up $1.11 during trading on Friday, hitting $89.96. The company had a trading volume of 106,162 shares, compared to its average volume of 190,184. The stock has a fifty day simple moving average of $90.84 and a two-hundred day simple moving average of $93.04. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 27.51 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60.

MGE Energy (NASDAQ:MGEE - Get Free Report) last announced its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.23). MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. The company had revenue of $171.42 million during the quarter. On average, research analysts expect that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be given a $0.45 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.00%. MGE Energy's dividend payout ratio (DPR) is 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.