Jacobson & Schmitt Advisors LLC Takes Position in MGE Energy, Inc. (NASDAQ:MGEE)

Jacobson & Schmitt Advisors LLC acquired a new position in shares of MGE Energy, Inc. (NASDAQ:MGEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,745 shares of the utilities provider’s stock, valued at approximately $446,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC bought a new position in MGE Energy in the 3rd quarter valued at approximately $11,765,000. Barclays PLC increased its position in MGE Energy by 345.8% in the 3rd quarter. Barclays PLC now owns 62,308 shares of the utilities provider’s stock valued at $5,697,000 after acquiring an additional 48,330 shares during the period. International Assets Investment Management LLC increased its position in MGE Energy by 9,042.4% in the 3rd quarter. International Assets Investment Management LLC now owns 21,759 shares of the utilities provider’s stock valued at $1,990,000 after acquiring an additional 21,521 shares during the period. Citigroup Inc. raised its stake in shares of MGE Energy by 62.4% during the third quarter. Citigroup Inc. now owns 44,040 shares of the utilities provider’s stock valued at $4,027,000 after acquiring an additional 16,927 shares during the last quarter. Finally, Park Capital Management LLC WI acquired a new position in shares of MGE Energy during the fourth quarter worth $1,259,000. Institutional investors and hedge funds own 52.58% of the company’s stock.

MGE Energy Price Performance

MGE Energy stock opened at $90.60 on Thursday. The stock’s 50 day moving average is $91.76 and its 200 day moving average is $92.53. MGE Energy, Inc. has a one year low of $61.94 and a one year high of $109.22. The firm has a market cap of $3.28 billion, a P/E ratio of 27.71 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94.

MGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio is currently 55.05%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded MGE Energy to a “strong sell” rating in a report on Thursday, December 12th.

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.