Victory Capital Management Inc. Has $110.10 Million Stake in MGE Energy, Inc. (NASDAQ:MGEE)

Victory Capital Management Inc. lessened its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,171,718 shares of the utilities provider's stock after selling 79,212 shares during the quarter. Victory Capital Management Inc. owned about 3.24% of MGE Energy worth $110,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of MGE Energy by 2.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,007 shares of the utilities provider's stock valued at $1,007,000 after acquiring an additional 290 shares in the last quarter. Van ECK Associates Corp lifted its position in MGE Energy by 7.3% in the third quarter. Van ECK Associates Corp now owns 10,020 shares of the utilities provider's stock worth $916,000 after purchasing an additional 682 shares during the period. Assetmark Inc. bought a new position in MGE Energy during the 3rd quarter valued at $35,000. Covestor Ltd increased its position in shares of MGE Energy by 37.3% during the 3rd quarter. Covestor Ltd now owns 453 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 123 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of MGE Energy during the 3rd quarter valued at $290,000. Institutional investors own 52.58% of the company's stock.

MGE Energy Price Performance

Shares of NASDAQ MGEE traded up $1.11 during midday trading on Friday, reaching $89.96. The company's stock had a trading volume of 106,162 shares, compared to its average volume of 190,184. MGE Energy, Inc. has a one year low of $72.27 and a one year high of $109.22. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 27.51 and a beta of 0.72. The company has a 50 day moving average price of $90.84 and a 200 day moving average price of $93.04. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60.

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MGE Energy (NASDAQ:MGEE - Get Free Report) last announced its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 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 for the quarter. On average, equities research analysts expect that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.00%. MGE Energy's dividend payout ratio is currently 54.05%.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH raised MGE Energy to a "strong sell" rating in a research note on Thursday, December 12th.

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.