MGE Energy, Inc. (NASDAQ:MGEE) Stock Holdings Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in MGE Energy, Inc. (NASDAQ:MGEE) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,326 shares of the utilities provider’s stock after selling 6,610 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of MGE Energy worth $6,614,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. acquired a new stake in MGE Energy in the 3rd quarter valued at about $35,000. Covestor Ltd increased its holdings in MGE Energy by 37.3% in the third quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock worth $42,000 after buying an additional 123 shares during the last quarter. Quest Partners LLC increased its holdings in MGE Energy by 5,088.9% in the second quarter. Quest Partners LLC now owns 467 shares of the utilities provider’s stock worth $35,000 after buying an additional 458 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in MGE Energy during the second quarter valued at approximately $58,000. Finally, nVerses Capital LLC acquired a new position in MGE Energy during the second quarter valued at approximately $75,000. Institutional investors and hedge funds own 52.58% of the company’s stock.

MGE Energy Stock Down 0.3 %

Shares of MGEE stock opened at $99.47 on Wednesday. The stock has a market cap of $3.60 billion, a P/E ratio of 30.42 and a beta of 0.74. MGE Energy, Inc. has a one year low of $61.94 and a one year high of $109.22. The stock has a fifty day moving average price of $97.12 and a 200 day moving average price of $88.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94.

MGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, November 29th. This represents a $1.80 annualized dividend and a yield of 1.81%. MGE Energy’s dividend payout ratio is currently 55.05%.

Analyst Ratings Changes

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

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.