Illinois Municipal Retirement Fund Has $1.86 Million Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Illinois Municipal Retirement Fund increased its position in MGE Energy, Inc. (NASDAQ:MGEE) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,810 shares of the utilities provider’s stock after buying an additional 1,247 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of MGE Energy worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Merit Financial Group LLC increased its position in MGE Energy by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider’s stock valued at $665,000 after acquiring an additional 116 shares during the period. Covestor Ltd grew its stake in shares of MGE Energy by 37.3% in the third quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 123 shares during the last quarter. Savant Capital LLC increased its holdings in 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 purchasing an additional 139 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in MGE Energy by 88.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Finally, Choreo LLC lifted its holdings in MGE Energy by 10.8% during the 4th quarter. Choreo LLC now owns 2,526 shares of the utilities provider’s stock worth $238,000 after buying an additional 247 shares during the period. Institutional investors own 52.58% of the company’s stock.

MGE Energy Stock Up 0.7 %

Shares of NASDAQ MGEE opened at $91.78 on Friday. MGE Energy, Inc. has a 52-week low of $61.94 and a 52-week high of $109.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. The company’s 50 day moving average price is $91.35 and its 200-day moving average price is $92.80. The company has a market capitalization of $3.32 billion, a P/E ratio of 28.07 and a beta of 0.76.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.23). MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. The firm had revenue of $171.42 million for the quarter. Equities analysts forecast that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, February 28th. This represents a $1.80 annualized dividend and a yield of 1.96%. MGE Energy’s dividend payout ratio is currently 54.05%.

Wall Street Analyst Weigh In

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

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.