Goldstein Advisors LLC Sells 569 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

Goldstein Advisors LLC trimmed its stake in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 4.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,951 shares of the utilities provider’s stock after selling 569 shares during the period. Goldstein Advisors LLC’s holdings in MGE Energy were worth $1,217,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. American Century Companies Inc. boosted its position in MGE Energy by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 45,747 shares of the utilities provider’s stock valued at $3,418,000 after buying an additional 3,715 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in MGE Energy by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 783,396 shares of the utilities provider’s stock valued at $58,536,000 after acquiring an additional 20,533 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in MGE Energy by 18.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 12,580 shares of the utilities provider’s stock worth $940,000 after purchasing an additional 1,953 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in MGE Energy by 31.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,164 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 999 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in MGE Energy by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 79,592 shares of the utilities provider’s stock valued at $5,947,000 after purchasing an additional 5,472 shares during the period. 52.58% of the stock is owned by institutional investors.

MGE Energy Trading Down 6.9 %

Shares of NASDAQ MGEE opened at $87.70 on Thursday. MGE Energy, Inc. has a twelve month low of $61.94 and a twelve month high of $109.22. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 26.82 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $97.37 and its 200-day moving average is $91.69.

MGE Energy (NASDAQ:MGEE) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.04). MGE Energy had a return on equity of 10.18% and a net margin of 17.70%. The business had revenue of $168.48 million for the quarter, compared to the consensus estimate of $163.82 million. Equities research analysts predict that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 2.05%. MGE Energy’s payout ratio is 55.05%.

Analyst Upgrades and Downgrades

MGEE has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of MGE Energy from $71.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a research report on Thursday, December 12th.

About MGE Energy

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.