Versant Capital Management Inc Boosts Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Versant Capital Management Inc raised its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 367.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327 shares of the utilities provider’s stock after buying an additional 257 shares during the quarter. Versant Capital Management Inc’s holdings in MGE Energy were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quest Partners LLC grew its holdings in MGE Energy by 5,088.9% during the 2nd quarter. Quest Partners LLC now owns 467 shares of the utilities provider’s stock valued at $35,000 after buying an additional 458 shares in the last quarter. Assetmark Inc. bought a new position in shares of MGE Energy during the 3rd quarter valued at approximately $35,000. Covestor Ltd grew its holdings in shares of 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 purchasing an additional 123 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in MGE Energy in the second quarter worth $58,000. Finally, GAMMA Investing LLC raised its stake in MGE Energy by 134.1% during the third quarter. GAMMA Investing LLC now owns 1,573 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 901 shares in the last quarter. Institutional investors own 52.58% of the company’s stock.

MGE Energy Stock Up 0.7 %

NASDAQ MGEE opened at $91.03 on Wednesday. MGE Energy, Inc. has a 52 week low of $61.94 and a 52 week high of $109.22. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 27.84 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $98.58 and a two-hundred day moving average of $90.53.

MGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a dividend of $0.45 per share. The ex-dividend date was Friday, November 29th. This represents a $1.80 annualized dividend and a yield of 1.98%. MGE Energy’s payout ratio is 55.05%.

Analysts Set New Price Targets

MGEE has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on shares of MGE Energy from $71.00 to $74.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. LADENBURG THALM/SH SH upgraded MGE Energy to a “strong sell” rating in a research report 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.