Mutual of America Capital Management LLC Has $498,000 Stake in MGE Energy, Inc. (NASDAQ:MGEE)

Mutual of America Capital Management LLC lessened its stake in MGE Energy, Inc. (NASDAQ:MGEE) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,441 shares of the utilities provider’s stock after selling 506 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MGE Energy were worth $498,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in MGE Energy by 136.0% during the second quarter. Millennium Management LLC now owns 79,200 shares of the utilities provider’s stock worth $5,918,000 after buying an additional 45,647 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in MGE Energy in the first quarter worth $2,187,000. Cetera Investment Advisers lifted its position in shares of MGE Energy by 360.1% during the 1st quarter. Cetera Investment Advisers now owns 29,622 shares of the utilities provider’s stock valued at $2,332,000 after buying an additional 23,184 shares during the last quarter. Squarepoint Ops LLC bought a new position in MGE Energy in the 2nd quarter worth approximately $1,671,000. Finally, International Assets Investment Management LLC increased its position in shares of MGE Energy by 9,042.4% during the third quarter. International Assets Investment Management LLC now owns 21,759 shares of the utilities provider’s stock valued at $1,990,000 after buying an additional 21,521 shares during the period. Institutional investors own 52.58% of the company’s stock.

MGE Energy Stock Performance

NASDAQ MGEE opened at $104.76 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. The company has a market capitalization of $3.79 billion, a P/E ratio of 31.60 and a beta of 0.71. The company has a fifty day moving average of $94.85 and a 200-day moving average of $86.51. MGE Energy, Inc. has a 52-week low of $61.94 and a 52-week high of $109.22.

MGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.45 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.72%. MGE Energy’s payout ratio is 55.05%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their price objective on shares of MGE Energy from $71.00 to $74.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th.

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.