US Bancorp DE Grows Stock Position in MGE Energy, Inc. (NASDAQ:MGEE)

US Bancorp DE boosted its position in MGE Energy, Inc. (NASDAQ:MGEE) by 20.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,372 shares of the utilities provider’s stock after buying an additional 6,635 shares during the quarter. US Bancorp DE owned approximately 0.11% of MGE Energy worth $3,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MGEE. Versant Capital Management Inc increased its position in MGE Energy by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 during the period. Assetmark Inc. bought a new position in shares of MGE Energy in the third quarter worth $35,000. Covestor Ltd boosted its holdings in shares of 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 during the period. Finally, KBC Group NV boosted its holdings in shares of MGE Energy by 32.2% in the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 360 shares during the period. 52.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

MGE Energy Price Performance

MGE Energy stock opened at $89.69 on Thursday. MGE Energy, Inc. has a one year low of $72.27 and a one year high of $109.22. The business has a fifty day moving average price of $91.18 and a 200-day moving average price of $93.04. 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 firm has a market capitalization of $3.27 billion, a P/E ratio of 27.43 and a beta of 0.76.

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

MGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio is 54.05%.

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.