Choreo LLC Has $238,000 Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Choreo LLC lifted its position in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 10.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,526 shares of the utilities provider’s stock after buying an additional 247 shares during the quarter. Choreo LLC’s holdings in MGE Energy were worth $238,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Creative Planning increased its position in MGE Energy by 3.4% during the third quarter. Creative Planning now owns 8,517 shares of the utilities provider’s stock worth $779,000 after acquiring an additional 284 shares during the period. Everence Capital Management Inc. grew its position in shares of MGE Energy by 49.2% during the 3rd quarter. Everence Capital Management Inc. now owns 4,820 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 1,590 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of MGE Energy by 9,042.4% during the third quarter. International Assets Investment Management LLC now owns 21,759 shares of the utilities provider’s stock worth $1,990,000 after purchasing an additional 21,521 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of MGE Energy by 2.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,007 shares of the utilities provider’s stock valued at $1,007,000 after buying an additional 290 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of MGE Energy by 4.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,819 shares of the utilities provider’s stock valued at $715,000 after buying an additional 307 shares during the period. Institutional investors own 52.58% of the company’s stock.

Analyst Ratings Changes

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

MGE Energy Price Performance

MGEE stock opened at $89.44 on Friday. The company’s 50-day moving average price is $92.36 and its two-hundred day moving average price is $92.46. The firm has a market cap of $3.24 billion, a P/E ratio of 27.35 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, Inc. has a 12 month low of $61.94 and a 12 month high of $109.22.

MGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.80 annualized dividend and a yield of 2.01%. MGE Energy’s dividend payout ratio is currently 55.05%.

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.