Blue Trust Inc. Lowers Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Blue Trust Inc. decreased its position in MGE Energy, Inc. (NASDAQ:MGEE) by 70.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 756 shares of the utilities provider’s stock after selling 1,825 shares during the period. Blue Trust Inc.’s holdings in MGE Energy were worth $71,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Creative Planning increased its position in shares of 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 purchasing an additional 284 shares in the last quarter. International Assets Investment Management LLC grew its stake in MGE Energy by 9,042.4% during the 3rd quarter. International Assets Investment Management LLC now owns 21,759 shares of the utilities provider’s stock worth $1,990,000 after buying an additional 21,521 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in MGE Energy by 2.7% during the 3rd 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. Creative Financial Designs Inc. ADV raised its stake in 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 last quarter. Finally, Van ECK Associates Corp boosted its holdings in MGE Energy by 7.3% in the third quarter. Van ECK Associates Corp now owns 10,020 shares of the utilities provider’s stock worth $916,000 after acquiring an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

Wall Street Analyst Weigh In

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

MGE Energy Stock Performance

NASDAQ MGEE opened at $92.19 on Monday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 28.19 and a beta of 0.76. MGE Energy, Inc. has a twelve month low of $61.94 and a twelve month high of $109.22. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $91.50 and a 200 day moving average of $92.68.

MGE Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.95%. MGE Energy’s dividend payout ratio (DPR) is presently 55.05%.

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.