Park Capital Management LLC WI Purchases Shares of 13,404 MGE Energy, Inc. (NASDAQ:MGEE)

Park Capital Management LLC WI purchased a new stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,404 shares of the utilities provider’s stock, valued at approximately $1,259,000. MGE Energy comprises about 1.5% of Park Capital Management LLC WI’s holdings, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of MGEE. Versant Capital Management Inc raised its position in shares of MGE Energy by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 257 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of MGE Energy by 88.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 168 shares during the last quarter. Assetmark Inc. purchased a new position in shares of MGE Energy in the 3rd quarter valued at approximately $35,000. Covestor Ltd raised its position in shares of MGE Energy by 37.3% in the 3rd quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 123 shares during the last quarter. Finally, KBC Group NV raised its position in shares of MGE Energy by 32.2% in the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 360 shares during the last quarter. 52.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a report on Thursday, December 12th.

MGE Energy Price Performance

Shares of NASDAQ:MGEE opened at $89.41 on Thursday. MGE Energy, Inc. has a twelve month low of $61.94 and a twelve month high of $109.22. The company’s 50 day moving average is $92.78 and its 200 day moving average is $92.45. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.24 billion, a PE ratio of 27.34 and a beta of 0.76.

MGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.01%. MGE Energy’s payout ratio is 55.05%.

About MGE Energy

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.