Johnson Financial Group Inc. Has $735,000 Position in MGE Energy, Inc. (NASDAQ:MGEE)

Johnson Financial Group Inc. grew its position in MGE Energy, Inc. (NASDAQ:MGEE) by 249.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,164 shares of the utilities provider’s stock after buying an additional 7,257 shares during the quarter. Johnson Financial Group Inc.’s holdings in MGE Energy were worth $735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its position in shares of MGE Energy by 31.6% in the 3rd quarter. Covestor Ltd now owns 641 shares of the utilities provider’s stock valued at $44,000 after buying an additional 154 shares in the last quarter. Quantbot Technologies LP acquired a new position in MGE Energy during the 3rd quarter worth approximately $47,000. Raymond James & Associates acquired a new position in MGE Energy during the 3rd quarter worth approximately $202,000. Neuberger Berman Group LLC acquired a new position in MGE Energy during the 4th quarter worth approximately $213,000. Finally, Milestone Investment Advisors LLC acquired a new position in MGE Energy during the 3rd quarter worth approximately $225,000. 52.58% of the stock is currently owned by institutional investors and hedge funds.

MGE Energy Trading Down 0.1 %

NASDAQ MGEE traded down $0.11 on Friday, hitting $78.22. The company’s stock had a trading volume of 128,898 shares, compared to its average volume of 142,363. The company has a quick ratio of 1.09, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. MGE Energy, Inc. has a 1-year low of $61.94 and a 1-year high of $83.27. The company’s 50-day moving average is $78.33 and its 200 day moving average is $73.39. The firm has a market cap of $2.83 billion, a PE ratio of 23.56 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.06). MGE Energy had a net margin of 18.12% and a return on equity of 10.60%. The business had revenue of $164.65 million during the quarter, compared to analyst estimates of $190.55 million. As a group, analysts predict that MGE Energy, Inc. will post 3.69 earnings per share for the current fiscal year.

MGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be given a $0.428 dividend. This represents a $1.71 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, May 31st. MGE Energy’s dividend payout ratio (DPR) is currently 51.51%.

Insider Buying and Selling at MGE Energy

In other MGE Energy news, Director James G. Berbee purchased 458 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $82.16 per share, for a total transaction of $37,629.28. Following the transaction, the director now owns 9,725 shares in the company, valued at approximately $799,006. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

MGEE has been the subject of a number of research analyst reports. TheStreet cut shares of MGE Energy from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. StockNews.com upgraded shares of MGE Energy from a “sell” rating to a “hold” rating in a research report on Monday, May 20th.

MGE Energy Company 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.