MGE Energy, Inc. (NASDAQ:MGEE) Shares Sold by MBE Wealth Management LLC

MBE Wealth Management LLC trimmed its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,290 shares of the utilities provider’s stock after selling 586 shares during the period. MBE Wealth Management LLC’s holdings in MGE Energy were worth $779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Merit Financial Group LLC raised its position in shares of MGE Energy by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider’s stock valued at $665,000 after buying an additional 116 shares during the last quarter. Covestor Ltd raised its position in shares of MGE Energy by 37.3% in the third 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 last quarter. Bank of Montreal Can raised its position in shares of MGE Energy by 1.6% in the second quarter. Bank of Montreal Can now owns 9,149 shares of the utilities provider’s stock valued at $705,000 after buying an additional 140 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position 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. Finally, Exchange Traded Concepts LLC raised its position in shares of MGE Energy by 1.1% in the third quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the utilities provider’s stock valued at $1,796,000 after buying an additional 217 shares during the last quarter. 52.58% of the stock is currently owned by institutional investors and hedge funds.

MGE Energy Price Performance

MGE Energy stock opened at $88.59 on Tuesday. MGE Energy, Inc. has a 12-month low of $61.94 and a 12-month high of $109.22. The stock has a market cap of $3.21 billion, a P/E ratio of 27.09 and a beta of 0.76. The company has a 50-day moving average price of $96.29 and a 200 day moving average price of $92.02. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60.

MGE Energy (NASDAQ:MGEE) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.04). The company had revenue of $168.48 million for the quarter, compared to analysts’ expectations of $163.82 million. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. Sell-side analysts anticipate that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, February 28th. MGE Energy’s dividend payout ratio (DPR) is presently 55.05%.

Analyst Upgrades and Downgrades

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

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.