BidaskClub lowered shares of MGE Energy (NASDAQ:MGEE) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other research analysts have also commented on the stock. Gabelli reiterated a hold rating on shares of MGE Energy in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of MGE Energy from a sell rating to a hold rating in a research note on Thursday, September 7th.

MGE Energy (MGEE) traded down $0.70 during midday trading on Thursday, hitting $63.50. 68,500 shares of the company were exchanged, compared to its average volume of 88,517. MGE Energy has a fifty-two week low of $60.30 and a fifty-two week high of $68.70. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $2,201.44, a price-to-earnings ratio of 28.86 and a beta of 0.32.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 EPS for the quarter. MGE Energy had a net margin of 13.52% and a return on equity of 10.31%. The business had revenue of $139.54 million for the quarter. analysts forecast that MGE Energy will post 2.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.3225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.29 annualized dividend and a yield of 2.03%. MGE Energy’s dividend payout ratio (DPR) is 58.64%.

A number of institutional investors have recently bought and sold shares of MGEE. First Trust Advisors LP grew its position in MGE Energy by 4,817.6% in the third quarter. First Trust Advisors LP now owns 314,777 shares of the utilities provider’s stock worth $20,335,000 after buying an additional 308,376 shares during the last quarter. Wells Fargo & Company MN grew its position in MGE Energy by 82.2% in the third quarter. Wells Fargo & Company MN now owns 132,662 shares of the utilities provider’s stock worth $8,570,000 after buying an additional 59,855 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in MGE Energy in the second quarter worth approximately $3,849,000. Prudential Financial Inc. grew its position in MGE Energy by 85.7% in the second quarter. Prudential Financial Inc. now owns 97,139 shares of the utilities provider’s stock worth $6,250,000 after buying an additional 44,830 shares during the last quarter. Finally, State Street Corp grew its position in MGE Energy by 5.8% in the second quarter. State Street Corp now owns 777,467 shares of the utilities provider’s stock worth $50,028,000 after buying an additional 42,917 shares during the last quarter. Hedge funds and other institutional investors own 38.33% of the company’s stock.

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About MGE Energy

MGE Energy, Inc (MGE) is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).

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