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

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

A number of other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC increased its stake in shares of MGE Energy by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider's stock valued at $665,000 after buying an additional 116 shares in the last quarter. Savant Capital LLC raised its stake in shares of MGE Energy by 2.9% in the 4th quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider's stock valued at $462,000 after purchasing an additional 139 shares during the period. EnRich Financial Partners LLC boosted its holdings in MGE Energy by 8.7% during the fourth quarter. EnRich Financial Partners LLC now owns 1,744 shares of the utilities provider's stock worth $164,000 after purchasing an additional 139 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of MGE Energy by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,814 shares of the utilities provider's stock worth $358,000 after purchasing an additional 172 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in MGE Energy by 1.4% in the 4th quarter. Teacher Retirement System of Texas now owns 12,553 shares of the utilities provider's stock valued at $1,179,000 after purchasing an additional 177 shares during the last quarter. 52.58% of the stock is currently owned by institutional investors.

MGE Energy Stock Performance

Shares of MGEE traded up $0.92 during mid-day trading on Tuesday, hitting $90.91. The stock had a trading volume of 6,023 shares, compared to its average volume of 142,872. The business has a fifty day moving average price of $90.67 and a 200-day moving average price of $93.34. The firm has a market cap of $3.32 billion, a P/E ratio of 27.80 and a beta of 0.80. MGE Energy, Inc. has a 52 week low of $72.27 and a 52 week high of $109.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94.

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

MGE Energy Dividend Announcement

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

Insiders Place Their Bets

In other MGE Energy news, Director James G. Berbee purchased 446 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $90.83 per share, for a total transaction of $40,510.18. Following the completion of the purchase, the director now directly owns 11,532 shares of the company's stock, valued at $1,047,451.56. This trade represents a 4.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MGEE shares. Morgan Stanley reduced their price target on MGE Energy from $75.00 to $74.00 and set an "underweight" rating for the company in a research note on Thursday, May 22nd. LADENBURG THALM/SH SH raised MGE Energy to a "strong sell" rating in a report on Friday, May 9th.

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.