Smartleaf Asset Management LLC Purchases 929 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Smartleaf Asset Management LLC increased its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 507.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,112 shares of the utilities provider’s stock after purchasing an additional 929 shares during the period. Smartleaf Asset Management LLC’s holdings in MGE Energy were worth $105,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of MGE Energy by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 257 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in MGE Energy by 88.9% in 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. acquired a new position in MGE Energy in the third quarter valued at about $35,000. Covestor Ltd grew its stake in MGE Energy by 37.3% in the third quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 123 shares during the period. Finally, KBC Group NV grew its stake in MGE Energy by 32.2% in the fourth quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 360 shares during the period. 52.58% of the stock is owned by institutional investors and hedge funds.

MGE Energy Stock Up 1.2 %

NASDAQ:MGEE opened at $89.96 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 27.51 and a beta of 0.72. The stock has a 50-day moving average price of $90.84 and a two-hundred day moving average price of $93.04. MGE Energy, Inc. has a 1 year low of $72.27 and a 1 year high of $109.22.

MGE Energy (NASDAQ:MGEE) last posted 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). The firm had revenue of $171.42 million for the quarter. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. As a group, equities analysts expect that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Announces Dividend

The firm 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio is presently 54.05%.

Analyst Upgrades and Downgrades

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

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.