MGE Energy Inc. $MGEE Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of MGE Energy Inc. (NASDAQ:MGEE) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,850 shares of the utilities provider’s stock after selling 374 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in MGE Energy were worth $429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of MGE Energy by 5.4% during the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 251 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in MGE Energy by 45.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,220 shares of the utilities provider’s stock valued at $764,000 after acquiring an additional 2,560 shares during the period. SG Americas Securities LLC purchased a new position in MGE Energy during the 1st quarter valued at about $332,000. XTX Topco Ltd purchased a new position in MGE Energy during the 1st quarter valued at about $306,000. Finally, Intech Investment Management LLC boosted its holdings in MGE Energy by 43.9% during the 1st quarter. Intech Investment Management LLC now owns 20,777 shares of the utilities provider’s stock valued at $1,931,000 after acquiring an additional 6,341 shares during the period. 52.58% of the stock is owned by institutional investors and hedge funds.

MGE Energy Price Performance

Shares of NASDAQ MGEE opened at $87.05 on Thursday. MGE Energy Inc. has a 1-year low of $81.14 and a 1-year high of $109.22. The business has a 50-day moving average of $84.51 and a 200-day moving average of $87.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.20. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 24.18 and a beta of 0.79.

MGE Energy (NASDAQ:MGEE) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). MGE Energy had a return on equity of 10.58% and a net margin of 18.24%.The company had revenue of $159.45 million during the quarter. On average, equities analysts anticipate that MGE Energy Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.2%. MGE Energy’s dividend payout ratio (DPR) is presently 52.78%.

Wall Street Analyst Weigh In

MGEE has been the subject of several recent research reports. Wall Street Zen cut MGE Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings lowered MGE Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH raised MGE Energy from a “sell” rating to a “neutral” rating and raised their target price for the stock from $69.00 to $83.00 in a research report on Thursday, September 11th. Finally, Morgan Stanley reissued an “underweight” rating on shares of MGE Energy in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MGE Energy presently has a consensus rating of “Reduce” and an average target price of $79.00.

Insider Buying and Selling

In related news, Director James G. Berbee acquired 507 shares of MGE Energy stock in a transaction on Friday, August 15th. The shares were purchased at an average cost of $83.83 per share, for a total transaction of $42,501.81. Following the purchase, the director directly owned 6,329 shares of the company’s stock, valued at $530,560.07. The trade was a 8.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by company insiders.

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.