13,059 Shares in MGE Energy Inc. $MGEE Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new position in MGE Energy Inc., purchasing 13,059 shares valued at approximately $1.21 million during the first quarter.
• MGE Energy has reported a quarterly earnings miss with earnings per share of $0.72, slightly below the consensus estimate, and has also announced an increase in its quarterly dividend to $0.475 per share.
• While institutional investors hold 52.58% of MGE Energy's stock, the consensus rating from analysts on the company remains a Sell, with a price target of $74.00.

Campbell & CO Investment Adviser LLC acquired a new position in shares of MGE Energy Inc. (NASDAQ:MGEE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,059 shares of the utilities provider's stock, valued at approximately $1,214,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new position in MGE Energy in the fourth quarter valued at about $116,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in MGE Energy in the first quarter valued at about $139,000. Benjamin Edwards Inc. acquired a new position in MGE Energy in the fourth quarter valued at about $200,000. Twinbeech Capital LP acquired a new position in MGE Energy in the fourth quarter valued at about $209,000. Finally, Occudo Quantitative Strategies LP acquired a new position in MGE Energy in the fourth quarter valued at about $211,000. 52.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MGE Energy

In related news, Director James G. Berbee bought 507 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average price of $83.83 per share, for a total transaction of $42,501.81. Following the completion of the acquisition, the director owned 6,329 shares of the company's stock, valued at approximately $530,560.07. The trade was a 8.71% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MGEE shares. Wall Street Zen cut MGE Energy from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. LADENBURG THALM/SH SH raised MGE Energy to a "strong sell" rating in a research note on Friday, May 9th. Finally, Morgan Stanley reissued an "underweight" rating on shares of MGE Energy in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, MGE Energy has a consensus rating of "Sell" and a consensus price target of $74.00.

MGE Energy Stock Down 1.0%

Shares of MGE Energy stock traded down $0.86 during trading on Friday, reaching $85.15. The stock had a trading volume of 104,987 shares, compared to its average volume of 130,377. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 23.65 and a beta of 0.76. The stock has a fifty day moving average price of $86.42 and a two-hundred day moving average price of $89.14. MGE Energy Inc. has a 52 week low of $82.21 and a 52 week high of $109.22. The company has a current ratio of 1.80, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

MGE Energy (NASDAQ:MGEE - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). MGE Energy had a return on equity of 10.58% and a net margin of 18.24%.The company had revenue of $159.45 million for the quarter. Sell-side analysts predict that MGE Energy Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, August 29th. This is a boost from MGE Energy's previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a yield of 2.2%. MGE Energy's dividend payout ratio is currently 50.00%.

MGE Energy Company Profile

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.