MGE Energy, Inc. (NASDAQ:MGEE) Position Lifted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 88.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 357 shares of the utilities provider’s stock after acquiring an additional 168 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in MGE Energy were worth $34,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MGEE. American Century Companies Inc. boosted its stake in MGE Energy by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 45,747 shares of the utilities provider’s stock valued at $3,418,000 after acquiring an additional 3,715 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in MGE Energy during the 2nd quarter valued at $58,000. Dimensional Fund Advisors LP boosted its stake in MGE Energy by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 783,396 shares of the utilities provider’s stock valued at $58,536,000 after acquiring an additional 20,533 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in MGE Energy by 18.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,580 shares of the utilities provider’s stock valued at $940,000 after acquiring an additional 1,953 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of MGE Energy by 31.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,164 shares of the utilities provider’s stock worth $311,000 after buying an additional 999 shares during the last quarter. 52.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MGEE shares. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a research report on Thursday, December 12th. Morgan Stanley raised their price target on shares of MGE Energy from $71.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th.

MGE Energy Stock Down 0.1 %

MGEE stock opened at $93.80 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. MGE Energy, Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $109.22. The firm’s 50-day simple moving average is $98.28 and its 200 day simple moving average is $91.33. The stock has a market cap of $3.40 billion, a PE ratio of 28.69 and a beta of 0.76.

MGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.92%. MGE Energy’s payout ratio is 55.05%.

MGE Energy Profile

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services.