Illinois Municipal Retirement Fund Has $1.86 Million Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Illinois Municipal Retirement Fund grew its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,810 shares of the utilities provider’s stock after purchasing an additional 1,247 shares during the period. Illinois Municipal Retirement Fund’s holdings in MGE Energy were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake 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 buying an additional 257 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in MGE Energy by 88.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 168 shares in the last quarter. Assetmark Inc. acquired a new stake in MGE Energy in the third quarter valued at approximately $35,000. Covestor Ltd increased its holdings in shares of MGE Energy by 37.3% during the third quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 123 shares in the last quarter. Finally, KBC Group NV raised its position in shares of MGE Energy by 32.2% during the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 52.58% of the company’s stock.

MGE Energy Price Performance

Shares of NASDAQ MGEE opened at $91.78 on Friday. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 28.07 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. 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 $91.35 and its 200 day simple moving average is $92.80.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.23). The company had revenue of $171.42 million during the quarter. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. As a group, research analysts anticipate that MGE Energy, Inc. will post 3.43 earnings per share for the current fiscal year.

MGE Energy Dividend Announcement

The business also recently disclosed 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 1.96%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio (DPR) is presently 54.05%.

Analysts Set New Price Targets

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

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.