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

Zacks has also given MGE Energy an industry rank of 194 out of 265 based on the ratings given to its competitors.

MGEE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of MGE Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Gabelli reiterated a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th. Finally, BidaskClub lowered shares of MGE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its position in shares of MGE Energy by 394.4% in the third quarter. Public Employees Retirement System of Ohio now owns 8,193 shares of the utilities provider’s stock worth $529,000 after purchasing an additional 6,536 shares during the period. California Public Employees Retirement System boosted its position in shares of MGE Energy by 5.1% in the third quarter. California Public Employees Retirement System now owns 54,761 shares of the utilities provider’s stock worth $3,538,000 after purchasing an additional 2,661 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of MGE Energy by 6.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 207,768 shares of the utilities provider’s stock worth $13,422,000 after acquiring an additional 12,328 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of MGE Energy during the third quarter worth $320,000. Finally, Wells Fargo & Company MN boosted its position in shares of MGE Energy by 82.2% during the third quarter. Wells Fargo & Company MN now owns 132,662 shares of the utilities provider’s stock worth $8,570,000 after acquiring an additional 59,855 shares during the last quarter. Institutional investors and hedge funds own 38.33% of the company’s stock.

Shares of MGE Energy (MGEE) traded down $0.63 during midday trading on Tuesday, reaching $62.87. 37,000 shares of the company traded hands, compared to its average volume of 88,301. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.02 and a quick ratio of 2.47. The company has a market capitalization of $2,190.00, a price-to-earnings ratio of 28.86 and a beta of 0.32. MGE Energy has a 12 month low of $60.30 and a 12 month high of $68.70.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share for the quarter. The business had revenue of $139.54 million during the quarter. MGE Energy had a net margin of 13.52% and a return on equity of 10.31%. analysts predict that MGE Energy will post 2.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.3225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.05%. MGE Energy’s payout ratio is currently 58.90%.

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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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