MGE Energy, Inc. (NASDAQ:MGEE) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in shares of MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 55.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,308 shares of the utilities provider's stock after selling 6,530 shares during the quarter. BNP Paribas Financial Markets' holdings in MGE Energy were worth $499,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other MGE Energy news, Director James G. Berbee acquired 446 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost 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 in the company, valued at $1,047,451.56. This represents a 4.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.19% of the company's stock.

MGE Energy Trading Up 1.1%

Shares of MGEE stock traded up $1.02 on Thursday, reaching $90.42. 77,836 shares of the stock were exchanged, compared to its average volume of 138,663. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.30 billion, a P/E ratio of 27.65 and a beta of 0.80. The firm has a 50 day moving average of $90.57 and a two-hundred day moving average of $93.19. 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 announced 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. The company 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, research analysts anticipate that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, May 30th. MGE Energy's dividend payout ratio (DPR) is presently 50.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MGEE. LADENBURG THALM/SH SH raised shares of MGE Energy to a "strong sell" rating in a research note on Friday, May 9th. Morgan Stanley lowered their target price on shares of MGE Energy from $75.00 to $74.00 and set an "underweight" rating for the company in a report on Thursday, May 22nd.

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.