Two Sigma Advisers LP Acquires 4,100 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Two Sigma Advisers LP boosted its holdings in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 28.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,600 shares of the utilities provider's stock after buying an additional 4,100 shares during the period. Two Sigma Advisers LP owned 0.05% of MGE Energy worth $1,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sterling Capital Management LLC grew its holdings in MGE Energy by 656.2% during the 4th quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider's stock valued at $63,000 after buying an additional 584 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings 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 valued at $105,000 after acquiring an additional 929 shares during the last quarter. Focus Partners Wealth purchased a new stake in MGE Energy in the 4th quarter worth $116,000. KBC Group NV boosted its holdings in shares of MGE Energy by 32.2% during the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 360 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of MGE Energy by 7,321.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider's stock valued at $160,000 after purchasing an additional 1,684 shares in the last quarter. 52.58% of the stock is owned by institutional investors.

Insider Transactions at MGE Energy

In other MGE Energy news, Director James G. Berbee acquired 446 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $90.83 per share, with a total value of $40,510.18. Following the transaction, the director now directly owns 11,532 shares of the company's stock, valued at $1,047,451.56. The trade was a 4.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.19% of the company's stock.

Analyst Ratings Changes

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

MGE Energy Price Performance

Shares of NASDAQ MGEE traded down $0.21 during mid-day trading on Friday, hitting $90.21. 93,067 shares of the company's stock traded hands, compared to its average volume of 138,369. 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, Inc. has a 1 year low of $72.27 and a 1 year high of $109.22. The company's 50-day moving average is $90.56 and its two-hundred day moving average is $93.07. The company has a market capitalization of $3.30 billion, a P/E ratio of 27.59 and a beta of 0.80.

MGE Energy (NASDAQ:MGEE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $218.97 million during the quarter, compared to analyst estimates of $202.42 million. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. On average, equities analysts anticipate that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Dividend Announcement

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 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 30th. MGE Energy's dividend payout ratio is currently 50.85%.

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.