3,138 Shares in MGE Energy, Inc. (NASDAQ:MGEE) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC acquired a new position in shares of MGE Energy, Inc. (NASDAQ:MGEE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,138 shares of the utilities provider’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGEE. Thrivent Financial for Lutherans increased its position in MGE Energy by 2.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 30,849 shares of the utilities provider’s stock worth $2,821,000 after purchasing an additional 818 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in MGE Energy by 75.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,039 shares of the utilities provider’s stock worth $735,000 after buying an additional 3,445 shares during the last quarter. Intech Investment Management LLC acquired a new stake in MGE Energy in the 3rd quarter worth about $424,000. Charles Schwab Investment Management Inc. boosted its stake in MGE Energy by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 425,461 shares of the utilities provider’s stock worth $38,908,000 after buying an additional 8,629 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in MGE Energy by 62.4% in the 3rd quarter. Citigroup Inc. now owns 44,040 shares of the utilities provider’s stock worth $4,027,000 after buying an additional 16,927 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MGEE. Morgan Stanley raised their price target on MGE Energy from $78.00 to $80.00 and gave the stock an “underweight” rating in a research note on Thursday. LADENBURG THALM/SH SH raised MGE Energy to a “strong sell” rating in a research note on Monday, March 17th.

MGE Energy Stock Performance

NASDAQ MGEE opened at $91.31 on Friday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 27.92 and a beta of 0.72. MGE Energy, Inc. has a 1-year low of $72.27 and a 1-year high of $109.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94. The business’s 50-day simple moving average is $90.88 and its 200-day simple moving average is $93.45.

MGE Energy (NASDAQ:MGEE) last released its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.23). The firm had revenue of $171.42 million during the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. Equities analysts predict that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, February 28th. MGE Energy’s dividend payout ratio is currently 54.05%.

Insider Activity

In other news, Director James G. Berbee acquired 446 shares of MGE Energy stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $90.83 per share, with a total value of $40,510.18. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

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.