James G. Berbee Buys 446 Shares of MGE Energy, Inc. (NASDAQ:MGEE) Stock

MGE Energy, Inc. (NASDAQ:MGEE) Director James G. Berbee acquired 446 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $90.83 per share, for a total transaction of $40,510.18. Following the completion of the transaction, the director now owns 11,532 shares in the company, valued at $1,047,451.56. The trade was a 4.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

MGE Energy Trading Up 1.6 %

Shares of NASDAQ:MGEE opened at $93.22 on Friday. The company has a market cap of $3.40 billion, a PE ratio of 28.51 and a beta of 0.72. The company’s 50-day moving average price is $90.68 and its 200 day moving average price is $93.14. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60.

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

MGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders 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 1.93%. MGE Energy’s payout ratio is 54.05%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On MGE Energy

Several large investors have recently bought and sold shares of the stock. Merit Financial Group LLC increased its stake in MGE Energy by 1.7% during the 4th quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider’s stock valued at $665,000 after buying an additional 116 shares during the period. Covestor Ltd increased its stake in MGE Energy by 37.3% during the 3rd quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock valued at $42,000 after buying an additional 123 shares during the period. Savant Capital LLC increased its stake in MGE Energy by 2.9% during the 4th quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider’s stock valued at $462,000 after buying an additional 139 shares during the period. EnRich Financial Partners LLC increased its stake in MGE Energy by 8.7% during the 4th quarter. EnRich Financial Partners LLC now owns 1,744 shares of the utilities provider’s stock valued at $164,000 after buying an additional 139 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake 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 valued at $34,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 52.58% of the company’s stock.

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.