MGE Energy, Inc. (NASDAQ:MGEE) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in shares of MGE Energy, Inc. (NASDAQ:MGEEGet Rating) by 33.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,541 shares of the utilities provider’s stock after buying an additional 641 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MGE Energy were worth $203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MGEE. AE Wealth Management LLC acquired a new position in shares of MGE Energy during the 4th quarter worth $232,000. Strs Ohio raised its stake in shares of MGE Energy by 17.2% during the 4th quarter. Strs Ohio now owns 17,000 shares of the utilities provider’s stock worth $1,398,000 after buying an additional 2,500 shares during the last quarter. Van ECK Associates Corp increased its position in MGE Energy by 12.6% during the 4th quarter. Van ECK Associates Corp now owns 6,471 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 726 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in MGE Energy during the 4th quarter worth about $947,000. Finally, Commonwealth Equity Services LLC increased its position in MGE Energy by 61.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,628 shares of the utilities provider’s stock worth $2,025,000 after purchasing an additional 9,371 shares in the last quarter. Institutional investors and hedge funds own 50.39% of the company’s stock.

MGE Energy Stock Down 0.4 %

MGEE opened at $77.88 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.98 and a quick ratio of 1.55. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 5.92 and a beta of 0.64. The business has a 50-day moving average of $77.72 and a two-hundred day moving average of $77.67. MGE Energy, Inc. has a 12 month low of $69.23 and a 12 month high of $84.96.

MGE Energy (NASDAQ:MGEEGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $208.94 million during the quarter, compared to analysts’ expectations of $182.00 million. MGE Energy had a net margin of 16.25% and a return on equity of 10.24%. On average, research analysts expect that MGE Energy, Inc. will post 3.07 earnings per share for the current year.

MGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were issued a $0.387 dividend. This represents a $1.55 annualized dividend and a yield of 1.99%. The ex-dividend date was Tuesday, May 31st. MGE Energy’s dividend payout ratio (DPR) is 53.26%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com assumed coverage on MGE Energy in a research report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet upgraded MGE Energy from a “c+” rating to a “b” rating in a research report on Wednesday, April 6th. Finally, Morgan Stanley dropped their price objective on MGE Energy from $77.00 to $74.00 and set an “underweight” rating for the company in a research report on Monday, May 23rd.

About MGE Energy

(Get Rating)

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.

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Institutional Ownership by Quarter for MGE Energy (NASDAQ:MGEE)

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