Jacobson & Schmitt Advisors LLC Purchases New Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Jacobson & Schmitt Advisors LLC acquired a new position in shares of MGE Energy, Inc. (NASDAQ:MGEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,745 shares of the utilities provider’s stock, valued at approximately $446,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of MGE Energy by 367.1% during the 4th quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 168 shares during the period. Assetmark Inc. acquired a new stake in MGE Energy during the third quarter worth about $35,000. Covestor Ltd increased its holdings in MGE Energy by 37.3% in the 3rd quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock valued at $42,000 after buying an additional 123 shares during the period. Finally, KBC Group NV increased its holdings in MGE Energy by 32.2% in the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after buying an additional 360 shares during the period. 52.58% of the stock is owned by institutional investors and hedge funds.

MGE Energy Price Performance

MGE Energy stock opened at $90.60 on Thursday. 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, Inc. has a 52 week low of $61.94 and a 52 week high of $109.22. The stock has a market capitalization of $3.28 billion, a P/E ratio of 27.71 and a beta of 0.76. The stock has a fifty day moving average of $91.76 and a 200-day moving average of $92.53.

MGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.99%. MGE Energy’s dividend payout ratio (DPR) is currently 55.05%.

Wall Street Analyst Weigh In

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

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.