Y Intercept Hong Kong Ltd Takes $208,000 Position in MGE Energy, Inc. (NASDAQ:MGEE)

Y Intercept Hong Kong Ltd purchased a new position in MGE Energy, Inc. (NASDAQ:MGEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,211 shares of the utilities provider’s stock, valued at approximately $208,000.

A number of other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in shares of MGE Energy by 367.1% during the 4th quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 257 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 purchasing an additional 168 shares in the last quarter. Assetmark Inc. purchased a new stake in MGE Energy in the third quarter worth $35,000. Covestor Ltd raised 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 purchasing an additional 123 shares in the last quarter. Finally, KBC Group NV lifted its position in MGE Energy by 32.2% during the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after buying an additional 360 shares during the period. 52.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MGEE stock opened at $89.69 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 firm has a 50 day moving average price of $91.18 and a 200-day moving average price of $93.04. MGE Energy, Inc. has a 52-week low of $72.27 and a 52-week high of $109.22. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.43 and a beta of 0.76.

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

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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio is presently 54.05%.

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.