CWS Financial Advisors LLC Invests $234,000 in MGE Energy, Inc. (NASDAQ:MGEE)

CWS Financial Advisors LLC bought a new stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,560 shares of the utilities provider’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in MGE Energy by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 783,396 shares of the utilities provider’s stock valued at $58,536,000 after acquiring an additional 20,533 shares during the last quarter. Bank of New York Mellon Corp increased its position in MGE Energy by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 444,057 shares of the utilities provider’s stock valued at $33,180,000 after acquiring an additional 15,522 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in MGE Energy by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 425,461 shares of the utilities provider’s stock valued at $38,908,000 after acquiring an additional 8,629 shares during the last quarter. Public Sector Pension Investment Board increased its position in MGE Energy by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 79,592 shares of the utilities provider’s stock valued at $5,947,000 after acquiring an additional 5,472 shares during the last quarter. Finally, Millennium Management LLC increased its position in MGE Energy by 136.0% during the second quarter. Millennium Management LLC now owns 79,200 shares of the utilities provider’s stock valued at $5,918,000 after acquiring an additional 45,647 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

MGE Energy Trading Up 1.4 %

NASDAQ MGEE opened at $104.76 on Friday. The company’s 50-day moving average price is $95.13 and its 200-day moving average price is $86.64. 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 stock has a market cap of $3.79 billion, a PE ratio of 32.04 and a beta of 0.71. MGE Energy, Inc. has a 12 month low of $61.94 and a 12 month high of $109.22.

MGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, November 29th. MGE Energy’s payout ratio is presently 55.05%.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price objective on shares of MGE Energy from $71.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th.

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.