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

Zacks has also given MGE Energy an industry rank of 100 out of 265 based on the ratings given to related companies.

MGEE has been the topic of several analyst reports. BidaskClub lowered shares of MGE Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research downgraded shares of MGE Energy from a “hold” rating to a “sell” rating in a report on Friday, July 14th.

In related news, insider Jeffrey M. Keebler acquired 547 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average cost of $64.02 per share, with a total value of $35,018.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MGEE. Russell Investments Group Ltd. lifted its holdings in MGE Energy by 146.3% during the second quarter. Russell Investments Group Ltd. now owns 8,102 shares of the utilities provider’s stock valued at $522,000 after purchasing an additional 4,812 shares in the last quarter. Strs Ohio lifted its holdings in MGE Energy by 6.3% during the second quarter. Strs Ohio now owns 3,400 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 200 shares in the last quarter. Bessemer Group Inc. lifted its holdings in MGE Energy by 0.8% during the second quarter. Bessemer Group Inc. now owns 39,519 shares of the utilities provider’s stock valued at $2,544,000 after purchasing an additional 319 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in MGE Energy by 1.6% during 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 purchasing an additional 3,017 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in MGE Energy by 10.0% during the second quarter. Legal & General Group Plc now owns 31,665 shares of the utilities provider’s stock valued at $2,038,000 after purchasing an additional 2,880 shares in the last quarter. 37.47% of the stock is currently owned by institutional investors and hedge funds.

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MGE Energy (NASDAQ MGEE) opened at 66.20 on Friday. MGE Energy has a 1-year low of $53.48 and a 1-year high of $68.70. The company’s 50 day moving average is $64.84 and its 200-day moving average is $64.66. The stock has a market cap of $2.30 billion, a PE ratio of 29.71 and a beta of 0.36.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 1.95%. This is an increase from MGE Energy’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, August 30th. MGE Energy’s dividend payout ratio (DPR) is presently 57.85%.

MGE Energy Company Profile

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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