Quantinno Capital Management LP Makes New Investment in MGE Energy, Inc. (NASDAQ:MGEE)

Quantinno Capital Management LP purchased a new stake in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,006 shares of the utilities provider's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Savant Capital LLC increased its stake in shares of MGE Energy by 2.9% in the fourth quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider's stock valued at $462,000 after buying an additional 139 shares during the period. EnRich Financial Partners LLC increased its holdings in MGE Energy by 8.7% in 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 in the last quarter. Summit Investment Advisors Inc. lifted its stake in MGE Energy by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,814 shares of the utilities provider's stock valued at $358,000 after buying an additional 172 shares during the period. Teacher Retirement System of Texas grew its position in shares of MGE Energy by 1.4% during the 4th quarter. Teacher Retirement System of Texas now owns 12,553 shares of the utilities provider's stock worth $1,179,000 after buying an additional 177 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in shares of MGE Energy by 0.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 34,449 shares of the utilities provider's stock valued at $3,237,000 after acquiring an additional 186 shares during the period. Institutional investors and hedge funds own 52.58% of the company's stock.

MGE Energy Stock Up 1.1%

Shares of NASDAQ:MGEE traded up $1.02 during trading on Thursday, reaching $90.42. 77,836 shares of the stock were exchanged, compared to its average volume of 138,536. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 27.65 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 stock has a fifty day moving average of $90.59 and a two-hundred day moving average of $93.30. 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 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. The firm had revenue of $218.97 million during the quarter, compared to the consensus estimate of $202.42 million. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. Research analysts anticipate that MGE Energy, Inc. will post 3.43 earnings per share 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, May 30th. MGE Energy's dividend payout ratio (DPR) is presently 50.85%.

Insider Activity at MGE Energy

In other news, Director James G. Berbee bought 446 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $90.83 per share, with a total value of $40,510.18. Following the completion of the transaction, the director now directly owns 11,532 shares of the company's stock, valued at $1,047,451.56. This represents a 4.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of 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 upgraded MGE Energy to a "strong sell" rating in a report 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.