BidaskClub lowered shares of MGE Energy (NASDAQ:MGEE) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Separately, ValuEngine upgraded shares of MGE Energy from a sell rating to a hold rating in a research report on Tuesday, June 26th.

MGE Energy stock opened at $64.40 on Friday. MGE Energy has a 52 week low of $51.05 and a 52 week high of $68.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.69 and a current ratio of 2.05. The stock has a market capitalization of $2.28 billion, a P/E ratio of 28.26 and a beta of 0.28.

MGE Energy (NASDAQ:MGEE) last released its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.53 EPS for the quarter. MGE Energy had a net margin of 18.00% and a return on equity of 10.37%. The business had revenue of $124.26 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 15th. Investors of record on Saturday, September 1st will be given a $0.3375 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This is a positive change from MGE Energy’s previous quarterly dividend of $0.32. This represents a $1.35 annualized dividend and a dividend yield of 2.10%.

Institutional investors have recently added to or reduced their stakes in the stock. Landaas & Co. WI ADV purchased a new stake in shares of MGE Energy in the 2nd quarter worth about $151,000. Associated Banc Corp purchased a new stake in shares of MGE Energy in the 2nd quarter worth about $225,000. Huntington National Bank boosted its position in shares of MGE Energy by 459.4% in the 2nd quarter. Huntington National Bank now owns 3,776 shares of the utilities provider’s stock worth $238,000 after buying an additional 3,101 shares in the last quarter. Baird Financial Group Inc. acquired a new position in MGE Energy in the 2nd quarter valued at about $255,000. Finally, Raymond James & Associates acquired a new position in MGE Energy in the 4th quarter valued at about $395,000. Institutional investors and hedge funds own 40.13% of the company’s stock.

About MGE Energy

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.

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