MGE Energy, Inc. (NASDAQ:MGEE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in MGE Energy, Inc. (NASDAQ:MGEE) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,733 shares of the utilities provider’s stock after selling 264 shares during the quarter. Yousif Capital Management LLC’s holdings in MGE Energy were worth $1,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in MGE Energy by 367.1% during the fourth 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 168 shares during the period. Assetmark Inc. purchased a new stake in shares of MGE Energy in the 3rd quarter valued at approximately $35,000. Covestor Ltd lifted 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 acquiring an additional 123 shares in the last quarter. Finally, KBC Group NV boosted its stake in MGE Energy by 32.2% in the 4th 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. 52.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MGE Energy Trading Up 1.2 %

NASDAQ:MGEE opened at $90.46 on Friday. The stock’s 50-day moving average is $92.58 and its two-hundred day moving average is $92.44. MGE Energy, Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $109.22. The stock has a market cap of $3.28 billion, a PE ratio of 27.66 and a beta of 0.76. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio is currently 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.