Deutsche Bank AG Increases Position in MGE Energy, Inc. (NASDAQ:MGEE)

Deutsche Bank AG raised its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,621 shares of the utilities provider's stock after purchasing an additional 10,373 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of MGE Energy worth $2,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MGEE. Sterling Capital Management LLC grew its position in shares of MGE Energy by 656.2% in the fourth quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider's stock valued at $63,000 after purchasing an additional 584 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in MGE Energy by 507.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider's stock worth $105,000 after purchasing an additional 929 shares during the period. KBC Group NV boosted its stake in MGE Energy by 32.2% in the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider's stock worth $139,000 after purchasing an additional 360 shares during the period. Farther Finance Advisors LLC grew its holdings in MGE Energy by 7,321.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider's stock valued at $160,000 after buying an additional 1,684 shares in the last quarter. Finally, EnRich Financial Partners LLC increased its position in shares of MGE Energy by 8.7% during the fourth quarter. EnRich Financial Partners LLC now owns 1,744 shares of the utilities provider's stock valued at $164,000 after buying an additional 139 shares during the period. Institutional investors own 52.58% of the company's stock.

Wall Street Analyst Weigh In

MGEE has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of MGE Energy from $75.00 to $74.00 and set an "underweight" rating on the stock in a report on Thursday, May 22nd. LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a research note on Friday, May 9th.

MGE Energy Trading Up 0.9%

Shares of NASDAQ:MGEE traded up $0.81 during trading on Tuesday, reaching $90.80. 72,662 shares of the company traded hands, compared to its average volume of 138,904. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. MGE Energy, Inc. has a 52-week low of $72.27 and a 52-week high of $109.22. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 27.77 and a beta of 0.80. The business's fifty day moving average is $90.63 and its 200-day moving average is $93.32.

MGE Energy (NASDAQ:MGEE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $218.97 million for the quarter, compared to analysts' expectations of $202.42 million. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. As a group, analysts forecast that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, May 30th. MGE Energy's payout ratio is presently 50.85%.

Insider Activity at MGE Energy

In other news, Director James G. Berbee acquired 446 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $90.83 per share, for a total transaction of $40,510.18. Following the completion of the acquisition, the director now owns 11,532 shares in the company, valued at $1,047,451.56. This trade represents a 4.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

MGE Energy 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.