MGE Energy Inc. (MGEE) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. raised its position in MGE Energy Inc. (NASDAQ:MGEE) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,133 shares of the utilities provider’s stock after buying an additional 556 shares during the period. Victory Capital Management Inc. owned 1.65% of MGE Energy worth $36,881,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of MGEE. Strs Ohio raised its stake in shares of MGE Energy by 6.3% in the second quarter. Strs Ohio now owns 3,400 shares of the utilities provider’s stock worth $218,000 after buying an additional 200 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of MGE Energy by 620.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,128 shares of the utilities provider’s stock worth $394,000 after buying an additional 5,278 shares during the period. Russell Investments Group Ltd. raised its stake in shares of MGE Energy by 146.3% in the second quarter. Russell Investments Group Ltd. now owns 8,102 shares of the utilities provider’s stock worth $522,000 after buying an additional 4,812 shares during the period. Virginia Retirement Systems ET AL raised its stake in shares of MGE Energy by 28.9% in the second quarter. Virginia Retirement Systems ET AL now owns 12,500 shares of the utilities provider’s stock worth $804,000 after buying an additional 2,800 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of MGE Energy during the second quarter worth $1,157,000. 37.47% of the stock is owned by hedge funds and other institutional investors.
Shares of MGE Energy Inc. (NASDAQ MGEE) opened at 63.70 on Thursday. MGE Energy Inc. has a 12 month low of $53.48 and a 12 month high of $68.70. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 28.59 and a beta of 0.35. The firm’s 50-day moving average price is $64.75 and its 200-day moving average price is $64.56.
MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.45 earnings per share for the quarter. The company had revenue of $126.46 million during the quarter. MGE Energy had a net margin of 13.82% and a return on equity of 10.60%. Equities research analysts expect that MGE Energy Inc. will post $2.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.3225 dividend. This is a boost from MGE Energy’s previous quarterly dividend of $0.31. This represents a $1.29 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, August 30th. MGE Energy’s dividend payout ratio is presently 55.16%.
A number of equities research analysts have weighed in on MGEE shares. BidaskClub raised MGE Energy from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research raised MGE Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th.
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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