Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of MGE Energy Inc. (NASDAQ:MGEE) by 25.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,899 shares of the utilities provider’s stock after purchasing an additional 6,210 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.09% of MGE Energy worth $1,996,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in MGE Energy by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,299,739 shares of the utilities provider’s stock worth $212,339,000 after acquiring an additional 23,911 shares during the last quarter. State Street Corp increased its stake in MGE Energy by 5.8% in the 2nd quarter. State Street Corp now owns 777,467 shares of the utilities provider’s stock worth $50,028,000 after acquiring an additional 42,917 shares during the last quarter. Northern Trust Corp increased its stake in MGE Energy by 1.6% in the 2nd quarter. Northern Trust Corp now owns 438,325 shares of the utilities provider’s stock worth $28,206,000 after acquiring an additional 6,842 shares during the last quarter. First Trust Advisors LP increased its stake in MGE Energy by 4,817.6% in the 3rd quarter. First Trust Advisors LP now owns 314,777 shares of the utilities provider’s stock worth $20,335,000 after acquiring an additional 308,376 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in MGE Energy by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 217,450 shares of the utilities provider’s stock worth $13,993,000 after acquiring an additional 27,700 shares during the last quarter. Institutional investors own 38.16% of the company’s stock.

A number of equities analysts have recently issued reports on MGEE shares. Gabelli reiterated a “hold” rating on shares of MGE Energy in a report on Monday, November 13th. Zacks Investment Research upgraded MGE Energy from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Finally, BidaskClub cut MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th.

In related news, insider Jeffrey M. Keebler bought 547 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average cost of $64.02 per share, for a total transaction of $35,018.94. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

MGE Energy Inc. (NASDAQ:MGEE) opened at $65.15 on Friday. MGE Energy Inc. has a fifty-two week low of $58.20 and a fifty-two week high of $68.70. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $2,249.98, a PE ratio of 29.50 and a beta of 0.34.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter. MGE Energy had a return on equity of 10.31% and a net margin of 13.52%. The firm had revenue of $139.54 million during the quarter. research analysts anticipate that MGE Energy Inc. will post 2.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, November 30th. MGE Energy’s payout ratio is currently 58.64%.

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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).

Institutional Ownership by Quarter for MGE Energy (NASDAQ:MGEE)

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