Creative Financial Designs Inc. ADV Cuts Stock Holdings in MGE Energy, Inc. (NASDAQ:MGEE)

Creative Financial Designs Inc. ADV decreased its position in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,089 shares of the utilities provider’s stock after selling 730 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in MGE Energy were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MGEE. Assetmark Inc. purchased a new stake in shares of MGE Energy during the third quarter valued at approximately $35,000. GSA Capital Partners LLP purchased a new stake in shares of MGE Energy during the third quarter valued at approximately $584,000. Royce & Associates LP boosted its holdings in MGE Energy by 155.4% in the third quarter. Royce & Associates LP now owns 11,668 shares of the utilities provider’s stock worth $1,067,000 after purchasing an additional 7,099 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in MGE Energy by 2.7% in the third quarter. Thrivent Financial for Lutherans now owns 30,849 shares of the utilities provider’s stock worth $2,821,000 after purchasing an additional 818 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in MGE Energy by 2,789.7% in the third quarter. Quest Partners LLC now owns 13,495 shares of the utilities provider’s stock worth $1,234,000 after purchasing an additional 13,028 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

MGE Energy Trading Down 0.4 %

Shares of MGEE stock opened at $92.65 on Wednesday. MGE Energy, Inc. has a 12-month low of $72.27 and a 12-month high of $109.22. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $90.77 and its 200 day moving average is $93.38. The stock has a market capitalization of $3.38 billion, a P/E ratio of 28.33 and a beta of 0.72.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share 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 return on equity of 10.18% and a net margin of 17.70%. Research analysts expect that MGE Energy, Inc. will post 3.43 earnings per share for the current year.

MGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were issued a $0.45 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 1.94%. MGE Energy’s dividend payout ratio is currently 54.05%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at MGE Energy

In related news, Director James G. Berbee purchased 446 shares of MGE Energy stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $90.83 per share, for a total transaction of $40,510.18. Following the acquisition, the director now owns 11,532 shares in the company, valued at approximately $1,047,451.56. The trade was a 4.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by insiders.

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.