Teacher Retirement System of Texas Has $492,000 Stock Position in MGE Energy Inc. (NASDAQ:MGEE)

Teacher Retirement System of Texas trimmed its stake in MGE Energy Inc. (NASDAQ:MGEE - Free Report) by 57.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,293 shares of the utilities provider's stock after selling 7,260 shares during the period. Teacher Retirement System of Texas' holdings in MGE Energy were worth $492,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC grew its holdings 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 in the last quarter. Focus Partners Wealth acquired a new position in MGE Energy in the fourth quarter worth $116,000. Farther Finance Advisors LLC boosted its stake in MGE Energy by 7,321.7% in 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 in the last quarter. EnRich Financial Partners LLC raised its position in shares of MGE Energy by 8.7% during the fourth quarter. EnRich Financial Partners LLC now owns 1,744 shares of the utilities provider's stock worth $164,000 after acquiring an additional 139 shares during the last quarter. Finally, Michael A. Dubis Financial Planning LLC bought a new stake in shares of MGE Energy during the fourth quarter worth $200,000. 52.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MGEE. LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a report on Friday, May 9th. Wall Street Zen upgraded MGE Energy from a "hold" rating to a "buy" rating in a report on Friday. Finally, Morgan Stanley dropped their price objective on 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 Stock Performance

Shares of MGEE traded up $0.36 during mid-day trading on Friday, reaching $85.89. The company's stock had a trading volume of 136,306 shares, compared to its average volume of 137,530. The stock has a market cap of $3.14 billion, a P/E ratio of 24.26 and a beta of 0.76. The business has a 50-day simple moving average of $89.11 and a two-hundred day simple moving average of $90.19. The company has a current ratio of 2.07, a quick ratio of 1.49 and a debt-to-equity ratio of 0.61. MGE Energy Inc. has a 1-year low of $82.76 and a 1-year high of $109.22.

MGE Energy (NASDAQ:MGEE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $218.97 million during the quarter, compared to analysts' expectations of $202.42 million. MGE Energy had a return on equity of 10.58% and a net margin of 18.22%. As a group, equities research analysts anticipate that MGE Energy Inc. will post 3.43 earnings per share for the current fiscal year.

MGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st were paid a $0.45 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.10%. MGE Energy's payout ratio is 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.