State of Alaska Department of Revenue Sells 122 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

State of Alaska Department of Revenue lowered its position in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,522 shares of the utilities provider’s stock after selling 122 shares during the period. State of Alaska Department of Revenue owned 0.06% of MGE Energy worth $1,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of MGE Energy by 367.1% during 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 in the last quarter. 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 worth $34,000 after buying an additional 168 shares in the last quarter. Assetmark Inc. bought a new position in MGE Energy in the 3rd quarter worth about $35,000. Covestor Ltd raised its holdings in shares of MGE Energy by 37.3% in the 3rd quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 123 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of MGE Energy by 32.2% during the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 52.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MGE Energy Stock Up 0.5 %

Shares of NASDAQ:MGEE opened at $90.06 on Wednesday. The firm has a fifty day moving average of $93.05 and a 200 day moving average of $92.47. MGE Energy, Inc. has a 52-week low of $61.94 and a 52-week high of $109.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. The firm has a market capitalization of $3.26 billion, a PE ratio of 27.54 and a beta of 0.76.

MGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 2.00%. MGE Energy’s payout ratio is 55.05%.

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.