MGE Energy, Inc. (NASDAQ:MGEE) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 88.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 357 shares of the utilities provider’s stock after acquiring an additional 168 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in MGE Energy were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MGEE. American Century Companies Inc. raised its position in MGE Energy by 8.8% during the second quarter. American Century Companies Inc. now owns 45,747 shares of the utilities provider’s stock worth $3,418,000 after acquiring an additional 3,715 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of MGE Energy during the second quarter worth about $58,000. Dimensional Fund Advisors LP grew its holdings in shares of MGE Energy by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 783,396 shares of the utilities provider’s stock worth $58,536,000 after buying an additional 20,533 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of MGE Energy by 18.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,580 shares of the utilities provider’s stock worth $940,000 after buying an additional 1,953 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of MGE Energy by 31.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,164 shares of the utilities provider’s stock worth $311,000 after buying an additional 999 shares in the last quarter. Institutional investors and hedge funds own 52.58% of the company’s stock.

Wall Street Analyst Weigh In

MGEE has been the subject of a number of recent research reports. Morgan Stanley lifted their price target on shares of MGE Energy from $71.00 to $74.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a report on Thursday, December 12th.

MGE Energy Price Performance

MGE Energy stock opened at $93.80 on Friday. MGE Energy, Inc. has a 52-week low of $61.94 and a 52-week high of $109.22. The firm has a fifty day moving average of $98.28 and a 200-day moving average of $91.33. The firm has a market capitalization of $3.40 billion, a P/E ratio of 28.69 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.

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 annualized dividend and a dividend yield of 1.92%. MGE Energy’s payout ratio 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.