Barclays PLC lessened its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 78.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,734 shares of the utilities provider’s stock after selling 13,433 shares during the quarter. Barclays PLC’s holdings in MGE Energy were worth $224,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in MGE Energy by 23.1% in the 4th quarter. Geode Capital Management LLC now owns 407,619 shares of the utilities provider’s stock worth $24,440,000 after acquiring an additional 76,370 shares during the period. California State Teachers Retirement System grew its position in shares of MGE Energy by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 54,662 shares of the utilities provider’s stock valued at $3,278,000 after purchasing an additional 1,217 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MGE Energy by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 910,612 shares of the utilities provider’s stock worth $54,600,000 after purchasing an additional 5,457 shares during the period. Bessemer Group Inc. increased its stake in shares of MGE Energy by 83.7% in the fourth quarter. Bessemer Group Inc. now owns 10,534 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 4,800 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of MGE Energy by 3.9% in the fourth quarter. GSA Capital Partners LLP now owns 4,447 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 168 shares during the period. 41.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MGEE stock opened at $68.28 on Friday. MGE Energy, Inc. has a 12 month low of $55.30 and a 12 month high of $68.95. The company has a market cap of $2.32 billion, a PE ratio of 27.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.99 and a quick ratio of 1.65.
MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Friday, February 22nd. The utilities provider reported $0.47 earnings per share for the quarter. MGE Energy had a return on equity of 10.49% and a net margin of 15.05%. The company had revenue of $140.08 million during the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.338 dividend. The ex-dividend date was Thursday, February 28th. This is an increase from MGE Energy’s previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a yield of 1.98%.
Separately, BidaskClub downgraded MGE Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 27th.
In related news, Chairman Jeffrey M. Keebler purchased 525 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were bought at an average cost of $66.62 per share, for a total transaction of $34,975.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.
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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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