7,418 Shares in MGE Energy Inc. $MGEE Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in MGE Energy Inc. (NASDAQ:MGEE) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,418 shares of the utilities provider’s stock, valued at approximately $582,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in MGE Energy by 63.8% in the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 162 shares in the last quarter. Advisory Services Network LLC purchased a new stake in MGE Energy in the 3rd quarter worth $40,000. eCIO Inc. purchased a new stake in MGE Energy in the 4th quarter worth $45,000. Parallel Advisors LLC increased its holdings in MGE Energy by 28.6% in the 3rd quarter. Parallel Advisors LLC now owns 714 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 159 shares in the last quarter. Finally, Covestor Ltd increased its holdings in MGE Energy by 84.5% in the 4th quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. LADENBURG THALM/SH SH raised shares of MGE Energy from a “neutral” rating to a “buy” rating and set a $81.00 price target for the company in a report on Monday, June 8th. Wall Street Zen raised shares of MGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MGE Energy in a report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $70.00 target price on shares of MGE Energy in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.50.

MGE Energy Stock Down 1.1%

Shares of MGEE opened at $76.81 on Tuesday. The stock has a market capitalization of $2.82 billion, a PE ratio of 19.69 and a beta of 0.73. MGE Energy Inc. has a 1 year low of $72.16 and a 1 year high of $91.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.15. The company’s 50-day simple moving average is $77.22 and its 200-day simple moving average is $78.40.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. The business had revenue of $242.70 million for the quarter, compared to analysts’ expectations of $227.06 million. MGE Energy had a net margin of 18.61% and a return on equity of 10.94%. Analysts forecast that MGE Energy Inc. will post 3.94 earnings per share for the current fiscal year.

MGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, June 1st. MGE Energy’s dividend payout ratio is presently 48.72%.

MGE Energy Profile

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Through its principal subsidiary, Madison Gas and Electric Company (MGE), the company provides regulated electric and natural gas distribution services to residential, commercial and industrial customers in south-central Wisconsin. MGE Energy’s operations encompass the generation, transmission and distribution of electricity as well as the purchase and distribution of natural gas, with an emphasis on reliable service and system resilience.

Since reorganizing as a holding company in 2001, MGE Energy has expanded its portfolio to include nonregulated subsidiaries involved in renewable energy development, energy services and infrastructure support.