Michael A. Dubis Financial Planning LLC Purchases New Position in MGE Energy, Inc. (NASDAQ:MGEE)

Michael A. Dubis Financial Planning LLC acquired a new stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,125 shares of the utilities provider’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MGEE. Merit Financial Group LLC increased its holdings in MGE Energy by 1.7% during the 4th quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 116 shares in the last quarter. Savant Capital LLC increased its stake in shares of MGE Energy by 2.9% in the fourth quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider’s stock valued at $462,000 after buying an additional 139 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of MGE Energy by 88.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock valued at $34,000 after buying an additional 168 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in MGE Energy by 1.4% during the 4th quarter. Teacher Retirement System of Texas now owns 12,553 shares of the utilities provider’s stock worth $1,179,000 after acquiring an additional 177 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in MGE Energy by 0.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 34,449 shares of the utilities provider’s stock valued at $3,237,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 52.58% of the company’s stock.

Insider Activity

In other news, Director James G. Berbee acquired 446 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $90.83 per share, for a total transaction of $40,510.18. Following the completion of the acquisition, the director now owns 11,532 shares in the company, valued at $1,047,451.56. This trade represents a 4.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of MGE Energy from $78.00 to $80.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. LADENBURG THALM/SH SH raised MGE Energy to a “strong sell” rating in a research note on Monday, March 17th.

MGE Energy Price Performance

Shares of MGEE stock opened at $92.91 on Friday. The firm’s 50 day moving average price is $90.85 and its two-hundred day moving average price is $93.57. 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 $72.27 and a 52-week high of $109.22. The stock has a market cap of $3.39 billion, a PE ratio of 28.41 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.23). The company had revenue of $171.42 million during the quarter. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. As a group, analysts forecast that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.94%. MGE Energy’s payout ratio is currently 54.05%.

MGE Energy Company 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.