MGE Energy, Inc. (NASDAQ:MGEE) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned MGE Energy an industry rank of 214 out of 265 based on the ratings given to its competitors.
Separately, BidaskClub cut MGE Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.
Shares of MGE Energy (MGEE) opened at $56.35 on Tuesday. MGE Energy has a fifty-two week low of $51.05 and a fifty-two week high of $68.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.30 and a quick ratio of 1.95. The firm has a market capitalization of $1,911.96, a P/E ratio of 24.73 and a beta of 0.36.
MGE Energy (NASDAQ:MGEE) last released its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.45 earnings per share for the quarter. MGE Energy had a return on equity of 10.28% and a net margin of 17.33%. The business had revenue of $140.27 million during the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.322 dividend. This represents a $1.29 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, February 28th. MGE Energy’s dividend payout ratio (DPR) is currently 45.74%.
In other MGE Energy news, insider Jeffrey M. Keebler acquired 627 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was acquired at an average price of $55.73 per share, for a total transaction of $34,942.71. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James G. Berbee bought 449 shares of the stock in a transaction dated Tuesday, March 13th. The stock was purchased at an average price of $55.73 per share, with a total value of $25,022.77. Following the purchase, the director now owns 449 shares in the company, valued at $25,022.77. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,260 shares of company stock valued at $69,955. Company insiders own 0.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MGEE. Raymond James Financial Services Advisors Inc. lifted its stake in shares of MGE Energy by 38.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,301 shares of the utilities provider’s stock valued at $601,000 after purchasing an additional 2,604 shares during the period. Prudential Financial Inc. lifted its stake in shares of MGE Energy by 23.3% in the 3rd quarter. Prudential Financial Inc. now owns 119,809 shares of the utilities provider’s stock valued at $7,740,000 after purchasing an additional 22,670 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of MGE Energy by 25.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,899 shares of the utilities provider’s stock valued at $1,996,000 after purchasing an additional 6,210 shares during the period. Thompson Investment Management Inc. lifted its stake in shares of MGE Energy by 66.3% in the 3rd quarter. Thompson Investment Management Inc. now owns 10,134 shares of the utilities provider’s stock valued at $655,000 after purchasing an additional 4,039 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of MGE Energy by 191.4% in the 3rd quarter. SG Americas Securities LLC now owns 9,842 shares of the utilities provider’s stock valued at $636,000 after purchasing an additional 6,464 shares during the period. Institutional investors own 39.17% of the company’s stock.
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About MGE Energy
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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