KBC Group NV Purchases 360 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

KBC Group NV grew its position in MGE Energy, Inc. (NASDAQ:MGEE) by 32.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,478 shares of the utilities provider’s stock after buying an additional 360 shares during the period. KBC Group NV’s holdings in MGE Energy were worth $139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MGEE. Millennium Management LLC grew its holdings in MGE Energy by 136.0% in the second quarter. Millennium Management LLC now owns 79,200 shares of the utilities provider’s stock worth $5,918,000 after purchasing an additional 45,647 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in MGE Energy by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,594 shares of the utilities provider’s stock worth $1,539,000 after buying an additional 349 shares during the last quarter. Creative Planning grew its stake in MGE Energy by 12.8% during the 2nd quarter. Creative Planning now owns 8,233 shares of the utilities provider’s stock worth $615,000 after buying an additional 936 shares during the last quarter. SG Americas Securities LLC increased its position in MGE Energy by 143.8% during the 3rd quarter. SG Americas Securities LLC now owns 9,910 shares of the utilities provider’s stock valued at $906,000 after buying an additional 5,846 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in MGE Energy by 134.1% in the third quarter. GAMMA Investing LLC now owns 1,573 shares of the utilities provider’s stock valued at $144,000 after buying an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

MGE Energy Trading Up 0.6 %

NASDAQ:MGEE opened at $91.05 on Friday. The company has a market capitalization of $3.30 billion, a P/E ratio of 27.84 and a beta of 0.76. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. MGE Energy, Inc. has a 12 month low of $61.94 and a 12 month high of $109.22. The firm has a fifty day simple moving average of $93.92 and a 200-day simple moving average of $92.27.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.04). The firm had revenue of $168.48 million for the quarter, compared to analyst estimates of $163.82 million. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. On average, equities research analysts anticipate 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 will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be given a $0.45 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 1.98%. MGE Energy’s dividend payout ratio is currently 55.05%.

Analyst Upgrades and Downgrades

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

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.