BNP Paribas Financial Markets Has $499,000 Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

BNP Paribas Financial Markets decreased its stake in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 55.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in MGE Energy by 656.2% during the fourth quarter. Sterling Capital Management LLC now owns 673 shares of the utilities provider's stock valued at $63,000 after acquiring an additional 584 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of MGE Energy by 507.7% during 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 last quarter. KBC Group NV lifted its stake in shares of MGE Energy by 32.2% in 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 in the last quarter. Farther Finance Advisors LLC increased its position in 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 worth $160,000 after purchasing an additional 1,684 shares during the last quarter. Finally, EnRich Financial Partners LLC raised its holdings 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 valued at $164,000 after buying an additional 139 shares during the period. Institutional investors own 52.58% of the company's stock.

MGE Energy Stock Up 0.9%

MGEE traded up $0.81 on Tuesday, reaching $90.80. The company's stock had a trading volume of 72,662 shares, compared to its average volume of 138,904. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 27.77 and a beta of 0.80. MGE Energy, Inc. has a 1 year low of $72.27 and a 1 year high of $109.22. The business's 50 day moving average is $90.67 and its 200 day moving average is $93.34. 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 earnings results on Wednesday, May 7th. The utilities provider reported $1.14 EPS for the quarter, beating 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%. As a group, research analysts forecast that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a "strong sell" rating in a report on Friday, May 9th. Morgan Stanley lowered their price target on MGE Energy from $75.00 to $74.00 and set an "underweight" rating on the stock in a report on Thursday, May 22nd.

Insider Buying and Selling at MGE Energy

In other MGE Energy news, Director James G. Berbee acquired 446 shares of MGE Energy stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $90.83 per share, with a total value of $40,510.18. Following the purchase, the director now owns 11,532 shares in the company, valued at approximately $1,047,451.56. This trade represents a 4.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company's stock.

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.