Campbell & CO Investment Adviser LLC Acquires Shares of 13,059 MGE Energy Inc. $MGEE

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 bought a new stake in MGE Energy Inc. (NASDAQ:MGEE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,059 shares of the utilities provider's stock, valued at approximately $1,214,000.

Other large investors have also recently bought and sold shares of the company. Focus Partners Wealth purchased a new stake in MGE Energy in the fourth quarter valued at approximately $116,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in MGE Energy in the first quarter valued at approximately $139,000. Benjamin Edwards Inc. purchased a new stake in MGE Energy in the fourth quarter valued at approximately $200,000. Twinbeech Capital LP purchased a new stake in MGE Energy in the fourth quarter valued at approximately $209,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in MGE Energy in the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 52.58% of the company's stock.

Insider Transactions at MGE Energy

In other news, Director James G. Berbee acquired 507 shares of the company's stock in a transaction on Friday, August 15th. The shares were bought at an average cost of $83.83 per share, with a total value of $42,501.81. Following the transaction, the director owned 6,329 shares in the company, valued at approximately $530,560.07. This trade represents a 8.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company's stock.

MGE Energy Trading Down 1.0%

MGE Energy stock traded down $0.86 during trading on Monday, reaching $85.15. 104,987 shares of the company were exchanged, compared to its average volume of 127,873. MGE Energy Inc. has a 52-week low of $82.21 and a 52-week high of $109.22. The company has a market capitalization of $3.11 billion, a P/E ratio of 23.65 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.20. The stock's 50 day simple moving average is $86.33 and its two-hundred day simple moving average is $89.10.

MGE Energy (NASDAQ:MGEE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.72 EPS for the quarter, missing analysts' consensus estimates 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. On average, equities research analysts expect that MGE Energy Inc. will post 3.43 earnings per share 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 $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.2%. This is a boost from MGE Energy's previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 29th. MGE Energy's dividend payout ratio (DPR) is 52.78%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a research report on Friday, May 9th. Wall Street Zen lowered MGE Energy from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of MGE Energy in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, MGE Energy presently has a consensus rating of "Sell" and an average target price of $74.00.

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.