6,385 Shares in MGE Energy, Inc. (NASDAQ:MGEE) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of MGE Energy, Inc. (NASDAQ:MGEE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,385 shares of the utilities provider’s stock, valued at approximately $584,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in MGE Energy by 12.4% in the first quarter. Vanguard Group Inc. now owns 4,699,072 shares of the utilities provider’s stock valued at $369,911,000 after purchasing an additional 518,466 shares during the last quarter. Millennium Management LLC grew its holdings in MGE Energy by 136.0% in the second quarter. Millennium Management LLC now owns 79,200 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 45,647 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new stake in MGE Energy in the first quarter valued at $2,187,000. Cetera Investment Advisers grew its holdings in MGE Energy by 360.1% in the first quarter. Cetera Investment Advisers now owns 29,622 shares of the utilities provider’s stock valued at $2,332,000 after purchasing an additional 23,184 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in MGE Energy in the second quarter valued at $1,671,000. Institutional investors and hedge funds own 52.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their target price on MGE Energy from $71.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th.

MGE Energy Stock Up 0.1 %

Shares of NASDAQ:MGEE opened at $104.97 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. MGE Energy, Inc. has a 52-week low of $61.94 and a 52-week high of $109.22. The stock’s fifty day simple moving average is $93.09 and its 200-day simple moving average is $85.52. The company has a market capitalization of $3.80 billion, a P/E ratio of 32.10 and a beta of 0.71.

MGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a $0.45 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.80 annualized dividend and a dividend yield of 1.71%. MGE Energy’s dividend payout ratio is currently 55.05%.

MGE Energy 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.