1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its position in shares of MGE Energy, Inc. ( NASDAQ:MGEE – Free Report ) by 145.
0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,008 shares of the utilities provider’s stock after acquiring an additional 86,423 shares during the quarter. JPMorgan Chase & Co.
’s holdings in MGE Energy were worth $13,719,000 as of its most recent SEC filing. A number of other institutional investors have also recently modified their holdings of MGEE. Merit Financial Group LLC grew its holdings in MGE Energy by 1.
7% in the fourth quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 116 shares during the period. Savant Capital LLC increased its holdings in MGE Energy by 2.
9% in the 4th quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider’s stock worth $462,000 after acquiring an additional 139 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc.
raised its position in MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc.
now owns 357 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 168 shares during the period. Teacher Retirement System of Texas lifted its holdings in MGE Energy by 1.4% during the fourth quarter.
Teacher Retirement System of Texas now owns 12,553 shares of the utilities provider’s stock valued at $1,179,000 after purchasing an additional 177 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of MGE Energy by 0.
5% in the fourth quarter. Royal London Asset Management Ltd. now owns 34,449 shares of the utilities provider’s stock valued at $3,237,000 after purchasing an additional 186 shares during the period.
52.58% of the stock is currently owned by institutional investors and hedge funds. MGE Energy Price Performance MGE Energy stock opened at $89.
33 on Friday. The company has a fifty day simple moving average of $90.94 and a 200-day simple moving average of $93.
51. 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 firm has a market capitalization of $3.
26 billion, a price-to-earnings ratio of 27.32 and a beta of 0.71.
MGE Energy, Inc. has a 52-week low of $72.27 and a 52-week high of $109.
22. MGE Energy Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a dividend of $0.
45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.
02%. The ex-dividend date was Friday, February 28th. MGE Energy’s dividend payout ratio (DPR) is currently 54.
05%. Wall Street Analyst Weigh In A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of MGE Energy from $78.
00 to $80.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. LADENBURG THALM/SH SH raised MGE Energy to a “strong sell” rating in a research note on Monday, March 17th.
View Our Latest Analysis on MGEE Insider Buying and Selling at MGE Energy In other news, Director James G. Berbee purchased 446 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $90.
83 per share, with a total value of $40,510.18. Following the transaction, the director now owns 11,532 shares in the company, valued at $1,047,451.
56. The trade was a 4.02 % increase in their position.
The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . 0.19% of the stock is owned by company insiders.
MGE Energy Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding MGEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGE Energy, Inc. ( NASDAQ:MGEE – Free Report ).
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