Shares of MGE Energy, Inc. (NASDAQ:MGEE) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given MGE Energy an industry rank of 203 out of 265 based on the ratings given to its competitors.
MGEE has been the topic of a number of analyst reports. BidaskClub lowered MGE Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Gabelli reaffirmed a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th.
Shares of MGE Energy (NASDAQ:MGEE) traded up $0.35 during midday trading on Monday, hitting $55.50. The stock had a trading volume of 72,300 shares, compared to its average volume of 84,706. MGE Energy has a twelve month low of $54.55 and a twelve month high of $68.70. The stock has a market capitalization of $1,924.09, a price-to-earnings ratio of 25.23 and a beta of 0.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.02.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.322 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Wednesday, February 28th. MGE Energy’s payout ratio is 58.64%.
Several hedge funds and other institutional investors have recently made changes to their positions in MGEE. Campbell & CO Investment Adviser LLC bought a new stake in MGE Energy in the third quarter valued at about $320,000. Dynamic Technology Lab Private Ltd bought a new stake in MGE Energy in the second quarter valued at about $343,000. Landscape Capital Management L.L.C. bought a new stake in MGE Energy in the fourth quarter valued at about $365,000. Raymond James & Associates bought a new stake in MGE Energy in the fourth quarter valued at about $395,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in MGE Energy by 58.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,697 shares of the utilities provider’s stock valued at $431,000 after buying an additional 2,480 shares during the last quarter. 38.66% of the stock is currently owned by institutional investors and hedge funds.
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About MGE Energy
MGE Energy, Inc (MGE) is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).
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