MGE Energy Inc. (NASDAQ:MGEE) Position Reduced by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of MGE Energy Inc. (NASDAQ:MGEE) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,351 shares of the utilities provider’s stock after selling 382 shares during the quarter. Yousif Capital Management LLC’s holdings in MGE Energy were worth $1,241,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in MGE Energy by 656.2% during the 4th quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider’s stock worth $63,000 after buying an additional 584 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in MGE Energy by 507.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 929 shares during the last quarter. Focus Partners Wealth bought a new position in MGE Energy during the fourth quarter worth $116,000. Farther Finance Advisors LLC lifted its stake in MGE Energy by 7,321.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 1,684 shares during the last quarter. Finally, EnRich Financial Partners LLC lifted its stake in MGE Energy by 8.7% during the fourth quarter. EnRich Financial Partners LLC now owns 1,744 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 139 shares during the last quarter. 52.58% of the stock is currently owned by institutional investors.

MGE Energy Stock Performance

MGEE opened at $88.07 on Wednesday. The business’s 50 day moving average is $90.17 and its 200-day moving average is $91.67. The stock has a market cap of $3.22 billion, a PE ratio of 24.88 and a beta of 0.78. The company has a current ratio of 2.07, a quick ratio of 1.49 and a debt-to-equity ratio of 0.61. MGE Energy Inc. has a twelve month low of $72.27 and a twelve month high of $109.22.

MGE Energy (NASDAQ:MGEE) last announced its earnings results on Wednesday, May 7th. The utilities provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $218.97 million for the quarter, compared to the consensus estimate of $202.42 million. MGE Energy had a return on equity of 10.58% and a net margin of 18.22%. On average, analysts predict that MGE Energy Inc. will post 3.43 earnings per share for the current year.

MGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Sunday, June 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 30th. MGE Energy’s dividend payout ratio is currently 50.85%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MGEE. Morgan Stanley cut their target price on MGE Energy from $75.00 to $74.00 and set an “underweight” rating on the stock in a research note on Thursday, May 22nd. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a research report on Friday, May 9th.

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.