Savant Capital LLC Raises Position in MGE Energy, Inc. (NASDAQ:MGEE)

Savant Capital LLC raised its holdings in MGE Energy, Inc. (NASDAQ:MGEE) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,922 shares of the utilities provider’s stock after buying an additional 139 shares during the period. Savant Capital LLC’s holdings in MGE Energy were worth $462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Caitlin John LLC boosted its position in MGE Energy by 3.7% in the 4th quarter. Caitlin John LLC now owns 14,874 shares of the utilities provider’s stock valued at $1,398,000 after buying an additional 528 shares during the period. Choreo LLC lifted its position in shares of MGE Energy by 10.8% during the 4th quarter. Choreo LLC now owns 2,526 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 247 shares during the last quarter. KBC Group NV lifted its position in shares of MGE Energy by 32.2% during 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 last quarter. Blue Trust Inc. lifted its position in shares of MGE Energy by 66.8% during the 4th quarter. Blue Trust Inc. now owns 4,306 shares of the utilities provider’s stock worth $394,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of MGE Energy by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,471 shares of the utilities provider’s stock worth $1,923,000 after purchasing an additional 835 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

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.

MGE Energy Price Performance

MGE Energy stock opened at $89.44 on Monday. The stock has a market cap of $3.24 billion, a P/E ratio of 27.35 and a beta of 0.76. The company has a fifty day simple moving average of $92.36 and a 200-day simple moving average of $92.53. MGE Energy, Inc. has a 12-month low of $61.94 and a 12-month high of $109.22. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60.

MGE Energy Announces Dividend

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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.01%. MGE Energy’s dividend payout ratio (DPR) 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.