2 weeks Ago By Defense World Staff
Teacher Retirement System of Texas grew its position in MGE Energy, Inc. (NASDAQ:MGEE – Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 12,553 shares of the utilities provider’s stock after buying an additional 177 shares during the quarter. Teacher Retirement System of Texas’ holdings in MGE Energy were worth $1,179,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in the company.
Charles Schwab Investment Management Inc. raised its position in MGE Energy by 2.1% during the third quarter.
Charles Schwab Investment Management Inc. now owns 425,461 shares of the utilities provider’s stock valued at $38,908,000 after purchasing an additional 8,629 shares in the last quarter. JPMorgan Chase & Co.
lifted its position in shares of MGE Energy by 16.0% during the 3rd quarter. JPMorgan Chase & Co.
now owns 59,585 shares of the utilities provider’s stock worth $5,449,000 after buying an additional 8,233 shares during the last quarter. Martingale Asset Management L P lifted its position in shares of MGE Energy by 67.8% during the 3rd quarter.
Martingale Asset Management L P now owns 11,912 shares of the utilities provider’s stock worth $1,089,000 after buying an additional 4,812 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in MGE Energy by 62,788.9% in the fourth quarter.
Allspring Global Investments Holdings LLC now owns 5,660 shares of the utilities provider’s stock valued at $532,000 after buying an additional 5,651 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in MGE Energy in the third quarter valued at about $11,765,000. Institutional investors own 52.
58% of the company’s stock. MGE Energy Price PerformanceShares of NASDAQ:MGEE opened at $92.91 on Friday.
The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.
41. MGE Energy, Inc. has a 52 week low of $72.
27 and a 52 week high of $109.22. The firm has a market cap of $3.
39 billion, a PE ratio of 28.41 and a beta of 0.72.
The firm’s fifty day moving average is $90.85 and its 200-day moving average is $93.61.
MGE Energy (NASDAQ:MGEE – Get Free Report) last announced its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.
84 by ($0.23). The company had revenue of $171.
42 million for the quarter. MGE Energy had a return on equity of 10.18% and a net margin of 17.
70%. Sell-side analysts predict that MGE Energy, Inc. will post 3.
43 earnings per share for the current year. MGE Energy Announces DividendThe company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a dividend of $0.
45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.
94%. The ex-dividend date of this dividend was Friday, February 28th. MGE Energy’s dividend payout ratio is presently 54.
05%. Analyst Upgrades and DowngradesA number of research firms have recently weighed in on MGEE. 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 shares of MGE Energy to a “strong sell” rating in a research note on Monday, March 17th.
Check Out Our Latest Stock Analysis on MGEEInsider Buying and Selling at MGE EnergyIn other news, Director James G. Berbee acquired 446 shares of MGE Energy stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $90.
83 per share, with a total value of $40,510.18. Following the purchase, the director now owns 11,532 shares in the company, valued at $1,047,451.
56. This trade represents a 4.02 % increase in their position.
The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.
About MGE Energy (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.
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