Macquarie Group Ltd. lifted its position in MGE Energy, Inc. (NASDAQ:MGEE) by 70.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the utilities provider’s stock after buying an additional 6,600 shares during the quarter. Macquarie Group Ltd.’s holdings in MGE Energy were worth $1,034,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in MGE Energy by 191.4% during 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 last quarter. Thompson Investment Management Inc. lifted its holdings in MGE Energy by 66.3% during 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 last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in MGE Energy by 25.2% during 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 last quarter. Prudential Financial Inc. lifted its holdings in MGE Energy by 23.3% during 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 last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in MGE Energy by 38.9% during 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 last quarter. 38.33% of the stock is owned by institutional investors and hedge funds.

Shares of MGE Energy, Inc. (NASDAQ MGEE) opened at $63.50 on Friday. MGE Energy, Inc. has a twelve month low of $60.30 and a twelve month high of $68.70. The stock has a market capitalization of $2,201.42, a price-to-earnings ratio of 28.86 and a beta of 0.32. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.52.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 30th. MGE Energy’s dividend payout ratio is currently 58.64%.

Several equities research analysts have issued reports on MGEE shares. Zacks Investment Research raised MGE Energy from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Gabelli reaffirmed a “hold” rating on shares of MGE Energy in a report on Monday, November 13th. Finally, BidaskClub downgraded MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th.

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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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