MGE Energy, Inc. (NASDAQ:MGEE) Short Interest Update

MGE Energy, Inc. (NASDAQ:MGEE) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 993,200 shares, a decrease of 27.0% from the January 15th total of 1,360,000 shares. Based on an average daily trading volume, of 181,200 shares, the short-interest ratio is currently 5.5 days. Currently, 2.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

MGE Energy Trading Down 1.1 %

Shares of MGEE stock traded down $1.02 on Friday, hitting $89.44. The company had a trading volume of 64,831 shares, compared to its average volume of 207,150. The firm has a market cap of $3.24 billion, a P/E ratio of 27.35 and a beta of 0.76. The stock’s 50-day moving average is $92.36 and its two-hundred day moving average is $92.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. MGE Energy has a twelve month low of $61.94 and a twelve month high of $109.22.

MGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.01%. MGE Energy’s payout ratio is 55.05%.

Institutional Investors Weigh In On MGE Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in MGE Energy by 367.1% during the fourth 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 period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in MGE Energy by 88.9% in the fourth 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. Assetmark Inc. bought a new position in MGE Energy in the third quarter worth approximately $35,000. Covestor Ltd boosted its holdings in MGE Energy by 37.3% in the third quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 123 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of MGE Energy by 656.2% in the fourth quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 584 shares in the last quarter. Institutional investors and hedge funds own 52.58% 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.