Tudor Investment Corp ET AL Purchases 16,786 Shares of MGE Energy Inc. $MGEE

Tudor Investment Corp ET AL lifted its position in shares of MGE Energy Inc. (NASDAQ:MGEE) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,520 shares of the utilities provider’s stock after acquiring an additional 16,786 shares during the period. Tudor Investment Corp ET AL owned approximately 0.27% of MGE Energy worth $8,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MGEE. First Trust Advisors LP lifted its holdings in shares of MGE Energy by 407.1% during the 2nd quarter. First Trust Advisors LP now owns 499,950 shares of the utilities provider’s stock worth $44,216,000 after acquiring an additional 401,361 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of MGE Energy by 167.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 162,217 shares of the utilities provider’s stock worth $13,655,000 after acquiring an additional 101,586 shares during the period. Jane Street Group LLC lifted its holdings in shares of MGE Energy by 718.5% during the 1st quarter. Jane Street Group LLC now owns 75,007 shares of the utilities provider’s stock worth $6,973,000 after acquiring an additional 65,843 shares during the period. Two Sigma Investments LP lifted its holdings in shares of MGE Energy by 181.1% during the 3rd quarter. Two Sigma Investments LP now owns 80,758 shares of the utilities provider’s stock worth $6,798,000 after acquiring an additional 52,031 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of MGE Energy by 57.2% during the 2nd quarter. Marshall Wace LLP now owns 118,819 shares of the utilities provider’s stock worth $10,508,000 after acquiring an additional 43,231 shares during the period. Institutional investors own 52.58% of the company’s stock.

Insider Transactions at MGE Energy

In other MGE Energy news, Director James G. Berbee purchased 373 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $77.74 per share, for a total transaction of $28,997.02. Following the transaction, the director owned 9,362 shares in the company, valued at $727,801.88. The trade was a 4.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

MGE Energy Trading Down 0.5%

Shares of NASDAQ MGEE opened at $78.41 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.77. MGE Energy Inc. has a 52-week low of $72.17 and a 52-week high of $94.00. The firm has a 50 day moving average price of $78.73 and a two-hundred day moving average price of $80.63. The stock has a market cap of $2.87 billion, a P/E ratio of 21.08 and a beta of 0.79.

MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings results on Tuesday, February 24th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. MGE Energy had a net margin of 18.27% and a return on equity of 10.60%. The firm had revenue of $189.55 million during the quarter. As a group, equities analysts forecast that MGE Energy Inc. will post 3.43 EPS for the current year.

MGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Sunday, March 1st were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, February 27th. MGE Energy’s dividend payout ratio is 51.08%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MGE Energy in a report on Monday, December 29th. Wall Street Zen raised shares of MGE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Morgan Stanley dropped their price objective on shares of MGE Energy from $74.00 to $73.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $78.00.

MGE Energy Profile

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Through its principal subsidiary, Madison Gas and Electric Company (MGE), the company provides regulated electric and natural gas distribution services to residential, commercial and industrial customers in south-central Wisconsin. MGE Energy’s operations encompass the generation, transmission and distribution of electricity as well as the purchase and distribution of natural gas, with an emphasis on reliable service and system resilience.

Since reorganizing as a holding company in 2001, MGE Energy has expanded its portfolio to include nonregulated subsidiaries involved in renewable energy development, energy services and infrastructure support.