Swiss National Bank Has $6.69 Million Position in MGE Energy, Inc. (NASDAQ:MGEE)

Swiss National Bank raised its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,150 shares of the utilities provider’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank’s holdings in MGE Energy were worth $6,685,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of MGE Energy to a “strong sell” rating in a report on Monday, March 17th. Morgan Stanley lifted their price objective on MGE Energy from $78.00 to $80.00 and gave the stock an “underweight” rating in a research note on Thursday.

Insider Activity at MGE Energy

In other MGE Energy news, Director James G. Berbee purchased 446 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $90.83 per share, with a total value of $40,510.18. Following the acquisition, the director now directly owns 11,532 shares of the company’s stock, valued at $1,047,451.56. This represents a 4.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

MGE Energy Trading Down 1.4 %

Shares of MGE Energy stock opened at $91.31 on Friday. The company has a market cap of $3.33 billion, a price-to-earnings 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’s fifty day simple moving average is $90.88 and its 200-day simple moving average is $93.45. 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 (NASDAQ:MGEE) last announced 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 net margin of 17.70% and a return on equity of 10.18%. The company had revenue of $171.42 million for the quarter. As a group, sell-side analysts expect that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were issued a dividend of $0.45 per share. 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 payout ratio is presently 54.05%.

MGE Energy 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.