8,683 Shares in MGE Energy Inc. (NASDAQ:MGEE) Acquired by FORM Wealth Advisors LLC

FORM Wealth Advisors LLC bought a new stake in shares of MGE Energy Inc. (NASDAQ:MGEE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,683 shares of the utilities provider's stock, valued at approximately $807,000. MGE Energy comprises about 0.1% of FORM Wealth Advisors LLC's investment portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in MGEE. MBE Wealth Management LLC grew its holdings in shares of MGE Energy by 3.5% in the first quarter. MBE Wealth Management LLC now owns 8,580 shares of the utilities provider's stock worth $798,000 after purchasing an additional 290 shares during the last quarter. SG Americas Securities LLC bought a new stake in MGE Energy in the 1st quarter worth $332,000. GAMMA Investing LLC grew its holdings in MGE Energy by 5.4% in the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the utilities provider's stock worth $456,000 after acquiring an additional 251 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of MGE Energy in the fourth quarter valued at about $797,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of MGE Energy by 0.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,893 shares of the utilities provider's stock valued at $6,849,000 after acquiring an additional 567 shares during the last quarter. Institutional investors own 52.58% of the company's stock.

MGE Energy Trading Down 0.3%

Shares of NASDAQ:MGEE traded down $0.29 on Friday, hitting $88.15. The company had a trading volume of 530,014 shares, compared to its average volume of 136,495. The firm's 50-day simple moving average is $90.09 and its two-hundred day simple moving average is $91.11. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.90 and a beta of 0.78. The company has a quick ratio of 1.49, a current ratio of 2.07 and a debt-to-equity ratio of 0.61. MGE Energy Inc. has a 1 year low of $72.27 and a 1 year high of $109.22.

MGE Energy (NASDAQ:MGEE - Get Free Report) last issued its quarterly earnings data 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 18.22% and a return on equity of 10.58%. The business had revenue of $218.97 million during the quarter, compared to analyst estimates of $202.42 million. Equities analysts anticipate that MGE Energy Inc. will post 3.43 earnings per share for the current fiscal year.

MGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Sunday, June 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. MGE Energy's dividend payout ratio is presently 50.85%.

Analyst Upgrades and Downgrades

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

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.