Shares of MGE Energy, Inc. (NASDAQ:MGEE) have received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also given MGE Energy an industry rank of 212 out of 265 based on the ratings given to related companies.
A number of analysts recently issued reports on MGEE shares. BidaskClub downgraded MGE Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Gabelli restated a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th.
A number of institutional investors and hedge funds have recently modified their holdings of MGEE. First Trust Advisors LP lifted its position in MGE Energy by 4,817.6% in the third quarter. First Trust Advisors LP now owns 314,777 shares of the utilities provider’s stock worth $20,335,000 after buying an additional 308,376 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of MGE Energy by 14.9% during the fourth quarter. Victory Capital Management Inc. now owns 612,023 shares of the utilities provider’s stock worth $38,619,000 after purchasing an additional 79,450 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of MGE Energy by 82.2% during the third quarter. Wells Fargo & Company MN now owns 132,662 shares of the utilities provider’s stock worth $8,570,000 after purchasing an additional 59,855 shares during the last quarter. Deutsche Bank AG lifted its position in shares of MGE Energy by 108.4% during the fourth quarter. Deutsche Bank AG now owns 91,508 shares of the utilities provider’s stock worth $5,772,000 after purchasing an additional 47,589 shares during the last quarter. Finally, State Street Corp lifted its position in shares of MGE Energy by 5.8% during the second quarter. State Street Corp now owns 777,467 shares of the utilities provider’s stock worth $50,028,000 after purchasing an additional 42,917 shares during the last quarter. Institutional investors own 38.66% of the company’s stock.
Shares of MGE Energy (NASDAQ:MGEE) traded down $0.90 on Thursday, reaching $54.40. The company had a trading volume of 130,926 shares, compared to its average volume of 85,013. The company has a market capitalization of $1,929.30, a P/E ratio of 19.29 and a beta of 0.24. MGE Energy has a 12 month low of $53.10 and a 12 month high of $68.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.02.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.322 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.29 dividend on an annualized basis and a yield of 2.37%. MGE Energy’s dividend payout ratio is presently 45.74%.
MGE Energy Company Profile
MGE Energy, Inc (MGE) is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).
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