MGE Energy, Inc. (NASDAQ:MGEE) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in MGE Energy, Inc. (NASDAQ:MGEE) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 432,877 shares of the utilities provider’s stock after purchasing an additional 7,416 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.20% of MGE Energy worth $40,673,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted its holdings in MGE Energy by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 116 shares during the last quarter. Covestor Ltd lifted its holdings 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 last quarter. Savant Capital LLC lifted its holdings in MGE Energy by 2.9% in the fourth quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider’s stock valued at $462,000 after acquiring an additional 139 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position 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 worth $34,000 after acquiring an additional 168 shares during the period. Finally, Choreo LLC increased its stake in MGE Energy by 10.8% during the fourth quarter. Choreo LLC now owns 2,526 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

Insider Activity at MGE Energy

In other MGE Energy news, Director James G. Berbee bought 446 shares of MGE Energy stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the acquisition, the director now directly owns 11,532 shares in the company, valued at $1,047,451.56. This represents a 4.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

MGE Energy Price Performance

MGE Energy stock opened at $93.22 on Friday. The company’s 50 day simple moving average is $90.68 and its 200-day simple moving average is $93.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. MGE Energy, Inc. has a 1 year low of $72.27 and a 1 year high of $109.22. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 28.51 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last announced its earnings results 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 firm had revenue of $171.42 million during the quarter. As a group, equities research analysts expect that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, February 28th. MGE Energy’s payout ratio is 54.05%.

Analysts Set New Price Targets

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

MGE Energy Company 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.