MGE Energy, Inc. (NASDAQ:MGEE) Shares Bought by Caitlin John LLC

Caitlin John LLC increased its position in MGE Energy, Inc. (NASDAQ:MGEE) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,874 shares of the utilities provider’s stock after buying an additional 528 shares during the quarter. Caitlin John LLC’s holdings in MGE Energy were worth $1,398,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MGEE. Choreo LLC raised its position in MGE Energy by 10.8% in the fourth quarter. Choreo LLC now owns 2,526 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 247 shares in the last quarter. KBC Group NV grew its stake in shares of MGE Energy by 32.2% in the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. lifted its stake in MGE Energy by 66.8% during the fourth 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 last quarter. Exchange Traded Concepts LLC boosted its holdings in MGE Energy by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 20,471 shares of the utilities provider’s stock worth $1,923,000 after buying an additional 835 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new stake in MGE Energy during the fourth quarter worth approximately $320,000. Institutional investors own 52.58% of the company’s stock.

MGE Energy Trading Up 1.8 %

NASDAQ:MGEE opened at $90.54 on Thursday. The stock has a fifty day simple moving average of $94.19 and a 200 day simple moving average of $92.28. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 27.69 and a beta of 0.76. MGE Energy, Inc. has a 1-year low of $61.94 and a 1-year high of $109.22.

MGE Energy (NASDAQ:MGEE) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.04). MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. The firm had revenue of $168.48 million during the quarter, compared to analyst estimates of $163.82 million. Sell-side analysts forecast that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio is 55.05%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded MGE Energy to a “strong sell” rating in a research report on Thursday, December 12th.

About MGE Energy

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.