MGE Energy, Inc. (NASDAQ:MGEE)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $60.25 and last traded at $61.35, with a volume of 118300 shares. The stock had previously closed at $61.45.

MGEE has been the topic of a number of research reports. Gabelli reissued a “hold” rating on shares of MGE Energy in a report on Monday, November 13th. BidaskClub downgraded shares of MGE Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.

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 stock has a market cap of $2,080.00, a price-to-earnings ratio of 27.03 and a beta of 0.32.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, November 30th. MGE Energy’s dividend payout ratio is currently 58.90%.

A number of large investors have recently modified their holdings of MGEE. First Trust Advisors LP lifted its holdings in MGE Energy by 4,817.6% during the third quarter. First Trust Advisors LP now owns 314,777 shares of the utilities provider’s stock valued at $20,335,000 after purchasing an additional 308,376 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in MGE Energy by 82.2% during the third quarter. Wells Fargo & Company MN now owns 132,662 shares of the utilities provider’s stock valued at $8,570,000 after purchasing an additional 59,855 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in MGE Energy during the second quarter valued at approximately $3,849,000. Prudential Financial Inc. lifted its holdings in MGE Energy by 85.7% during the second quarter. Prudential Financial Inc. now owns 97,139 shares of the utilities provider’s stock valued at $6,250,000 after purchasing an additional 44,830 shares in the last quarter. Finally, State Street Corp lifted its holdings in MGE Energy by 5.8% during the second quarter. State Street Corp now owns 777,467 shares of the utilities provider’s stock valued at $50,028,000 after purchasing an additional 42,917 shares in the last quarter. 38.32% of the stock is currently owned by institutional investors and hedge funds.

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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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