Vanguard Group Inc. Boosts Stake in MGE Energy, Inc. (NASDAQ:MGEE)

Vanguard Group Inc. boosted its position in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,640,532 shares of the utilities provider's stock after acquiring an additional 7,117 shares during the period. Vanguard Group Inc. owned 12.82% of MGE Energy worth $436,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGEE. Versant Capital Management Inc boosted its position in shares of MGE Energy by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider's stock worth $31,000 after purchasing an additional 257 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of MGE Energy by 88.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 168 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in MGE Energy by 507.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider's stock worth $105,000 after acquiring an additional 929 shares during the last quarter. KBC Group NV boosted its stake in MGE Energy by 32.2% during the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider's stock worth $139,000 after acquiring an additional 360 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of MGE Energy by 7,321.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider's stock valued at $160,000 after buying an additional 1,684 shares during the period. 52.58% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at MGE Energy

In other MGE Energy news, Director James G. Berbee bought 446 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $90.83 per share, with a total value of $40,510.18. Following the completion of the purchase, the director now directly owns 11,532 shares of the company's stock, valued at approximately $1,047,451.56. This trade represents a 4.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MGEE shares. LADENBURG THALM/SH SH raised MGE Energy to a "strong sell" rating in a research note on Monday, March 17th. Morgan Stanley upped their target price on MGE Energy from $78.00 to $80.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th.

MGE Energy Stock Performance

MGEE stock traded down $2.95 during mid-day trading on Friday, hitting $89.01. 246,868 shares of the company were exchanged, compared to its average volume of 145,179. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.25 billion, a PE ratio of 27.22 and a beta of 0.72. The business has a 50 day simple moving average of $91.01 and a 200-day simple moving average of $93.69. MGE Energy, Inc. has a 1-year low of $72.27 and a 1-year high of $109.22.

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

MGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, February 28th. MGE Energy's dividend payout ratio (DPR) 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.