QS Investors LLC Decreases Stake in MGE Energy, Inc. (MGEE)

QS Investors LLC lowered its position in MGE Energy, Inc. (NASDAQ:MGEE) by 35.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,909 shares of the utilities provider’s stock after selling 1,600 shares during the period. QS Investors LLC’s holdings in MGE Energy were worth $175,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MGEE. Quantamental Technologies LLC purchased a new stake in MGE Energy during the 4th quarter valued at $54,000. Strs Ohio purchased a new stake in MGE Energy during the 4th quarter valued at $125,000. FMR LLC purchased a new stake in MGE Energy during the 3rd quarter valued at $175,000. Virtu Financial LLC purchased a new stake in MGE Energy during the 4th quarter valued at $238,000. Finally, GSA Capital Partners LLP boosted its stake in MGE Energy by 3.9% during the 4th quarter. GSA Capital Partners LLP now owns 4,447 shares of the utilities provider’s stock valued at $267,000 after purchasing an additional 168 shares during the last quarter. 41.14% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub cut MGE Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th.

NASDAQ MGEE opened at $65.92 on Monday. The firm has a market cap of $2.29 billion, a PE ratio of 27.13 and a beta of 0.38. The company has a current ratio of 1.99, a quick ratio of 1.65 and a debt-to-equity ratio of 0.60. MGE Energy, Inc. has a 1-year low of $54.55 and a 1-year high of $68.95.

MGE Energy (NASDAQ:MGEE) last released its quarterly earnings results on Friday, February 22nd. The utilities provider reported $0.47 earnings per share for the quarter. The firm had revenue of $140.08 million for the quarter. MGE Energy had a return on equity of 10.49% and a net margin of 15.05%.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.05%. This is a boost from MGE Energy’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, February 28th.

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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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Institutional Ownership by Quarter for MGE Energy (NASDAQ:MGEE)

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