Two Sigma Investments LP Has $2.97 Million Stock Position in MGE Energy, Inc. (NASDAQ:MGEE)

Two Sigma Investments LP grew its stake in MGE Energy, Inc. (NASDAQ:MGEE - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,584 shares of the utilities provider's stock after buying an additional 3,899 shares during the period. Two Sigma Investments LP owned approximately 0.09% of MGE Energy worth $2,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MGEE. Barclays PLC boosted its position in shares of MGE Energy by 345.8% in the third quarter. Barclays PLC now owns 62,308 shares of the utilities provider's stock valued at $5,697,000 after acquiring an additional 48,330 shares during the period. Blue Trust Inc. boosted its holdings in MGE Energy by 66.8% in the 4th quarter. Blue Trust Inc. now owns 4,306 shares of the utilities provider's stock valued at $394,000 after purchasing an additional 1,725 shares during the period. KBC Group NV boosted its holdings in MGE Energy by 32.2% in 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 period. Choreo LLC grew its position in MGE Energy by 10.8% in the 4th quarter. Choreo LLC now owns 2,526 shares of the utilities provider's stock worth $238,000 after purchasing an additional 247 shares during the last quarter. Finally, Caitlin John LLC increased its holdings in shares of MGE Energy by 3.7% during the 4th quarter. Caitlin John LLC now owns 14,874 shares of the utilities provider's stock worth $1,398,000 after purchasing an additional 528 shares during the period. Institutional investors and hedge funds own 52.58% of the company's stock.

Insiders Place Their Bets

In other MGE Energy news, Director James G. Berbee purchased 446 shares of the business's stock in a transaction that occurred 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 acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MGEE. 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 MGE Energy to a "strong sell" rating in a report on Friday, May 9th.

MGE Energy Price Performance

MGEE stock traded down $1.01 during trading on Wednesday, hitting $89.23. 16,060 shares of the stock traded hands, compared to its average volume of 137,366. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 27.26 and a beta of 0.80. MGE Energy, Inc. has a one year low of $72.27 and a one year high of $109.22. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $90.51 and a 200 day simple moving average of $92.76.

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 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 net margin of 17.70% and a return on equity of 10.18%. Equities analysts expect that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be given a $0.45 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.80 annualized dividend and a yield of 2.02%. MGE Energy's payout ratio is 50.85%.

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.