Speece Thorson Capital Group Inc. Has $10.23 Million Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Speece Thorson Capital Group Inc. cut its position in MGE Energy, Inc. (NASDAQ:MGEE) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,841 shares of the utilities provider’s stock after selling 212 shares during the period. Speece Thorson Capital Group Inc. owned about 0.31% of MGE Energy worth $10,228,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Covestor Ltd increased its position in shares of MGE Energy by 37.3% during 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. Bank of Montreal Can increased its position in shares of MGE Energy by 1.6% during the second quarter. Bank of Montreal Can now owns 9,149 shares of the utilities provider’s stock worth $705,000 after acquiring an additional 140 shares in the last quarter. Inspire Investing LLC increased its position in shares of MGE Energy by 3.2% during the second quarter. Inspire Investing LLC now owns 4,702 shares of the utilities provider’s stock worth $351,000 after acquiring an additional 144 shares in the last quarter. Arizona State Retirement System increased its position in shares of MGE Energy by 1.9% during the second quarter. Arizona State Retirement System now owns 10,126 shares of the utilities provider’s stock worth $757,000 after acquiring an additional 187 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of MGE Energy by 9.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,566 shares of the utilities provider’s stock worth $192,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 52.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price objective on shares of MGE Energy from $71.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th.

MGE Energy Stock Up 1.7 %

MGE Energy stock traded up $1.77 during mid-day trading on Wednesday, reaching $108.64. The company’s stock had a trading volume of 16,683 shares, compared to its average volume of 214,975. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 32.68 and a beta of 0.71. MGE Energy, Inc. has a 12 month low of $61.94 and a 12 month high of $108.70. The business’s 50 day simple moving average is $91.56 and its 200 day simple moving average is $84.76. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 29th. MGE Energy’s dividend payout ratio (DPR) is currently 55.05%.

About MGE Energy

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.