MGE Energy Inc. (NASDAQ:MGEE) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also assigned MGE Energy an industry rank of 109 out of 265 based on the ratings given to related companies.

A number of research firms have commented on MGEE. BidaskClub downgraded MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded MGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 14th.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in MGE Energy by 146.3% in the second quarter. Russell Investments Group Ltd. now owns 8,102 shares of the utilities provider’s stock valued at $522,000 after buying an additional 4,812 shares during the period. Strs Ohio increased its position in MGE Energy by 6.3% in the second quarter. Strs Ohio now owns 3,400 shares of the utilities provider’s stock valued at $218,000 after buying an additional 200 shares during the period. Bessemer Group Inc. increased its position in MGE Energy by 0.8% in the second quarter. Bessemer Group Inc. now owns 39,519 shares of the utilities provider’s stock valued at $2,544,000 after buying an additional 319 shares during the period. Schwab Charles Investment Management Inc. increased its position in MGE Energy by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 195,440 shares of the utilities provider’s stock valued at $12,577,000 after buying an additional 3,017 shares during the period. Finally, Legal & General Group Plc increased its position in MGE Energy by 10.0% in the second quarter. Legal & General Group Plc now owns 31,665 shares of the utilities provider’s stock valued at $2,038,000 after buying an additional 2,880 shares during the period. 37.04% of the stock is owned by institutional investors and hedge funds.

MGE Energy (NASDAQ MGEE) opened at 64.10 on Friday. The company has a market cap of $2.22 billion, a P/E ratio of 28.77 and a beta of 0.35. The company’s 50-day moving average is $64.72 and its 200-day moving average is $64.55. MGE Energy has a 12 month low of $53.48 and a 12 month high of $68.70.

MGE Energy (NASDAQ:MGEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.45 EPS for the quarter. MGE Energy had a return on equity of 10.60% and a net margin of 13.82%. The company had revenue of $126.46 million during the quarter. On average, equities research analysts expect that MGE Energy will post $2.30 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, August 30th. This is an increase from MGE Energy’s previous quarterly dividend of $0.31. MGE Energy’s payout ratio is 55.16%.

About MGE Energy

MGE Energy, Inc (MGE) is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).

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