Teacher Retirement System of Texas Acquires 177 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Teacher Retirement System of Texas increased its stake in MGE Energy, Inc. (NASDAQ:MGEE) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,553 shares of the utilities provider’s stock after acquiring an additional 177 shares during the quarter. Teacher Retirement System of Texas’ holdings in MGE Energy were worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in MGE Energy by 367.1% in the fourth quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 257 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of MGE Energy by 88.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 168 shares in the last quarter. Smartleaf Asset Management LLC grew its position in MGE Energy by 507.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 929 shares during the period. KBC Group NV grew its position in MGE Energy by 32.2% in the 4th quarter. KBC Group NV now owns 1,478 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 360 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in MGE Energy by 7,321.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,707 shares of the utilities provider’s stock worth $160,000 after buying an additional 1,684 shares during the last quarter. Institutional investors and hedge funds own 52.58% of the company’s stock.

MGE Energy Stock Up 0.5 %

MGE Energy stock opened at $92.91 on Friday. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. The firm’s 50-day simple moving average is $90.85 and its 200 day simple moving average is $93.61. The stock has a market cap of $3.39 billion, a PE ratio of 28.41 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last announced its earnings results on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.23). The business had revenue of $171.42 million for the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. Research analysts predict that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, February 28th. MGE Energy’s dividend payout ratio (DPR) is presently 54.05%.

Insiders Place Their Bets

In other MGE Energy news, Director James G. Berbee bought 446 shares of the stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $90.83 per share, with a total value of $40,510.18. Following the acquisition, the director now directly owns 11,532 shares of the company’s stock, valued at $1,047,451.56. The trade was a 4.02 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MGEE. LADENBURG THALM/SH SH raised shares of MGE Energy to a “strong sell” rating in a research report on Monday, March 17th. Morgan Stanley raised their target price on MGE Energy from $78.00 to $80.00 and gave the company an “underweight” rating in a report on Thursday, March 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.