Dana Investment Advisors Inc. Takes $312,000 Position in MGE Energy, Inc. (NASDAQ:MGEE)

Dana Investment Advisors Inc. acquired a new stake in MGE Energy, Inc. (NASDAQ:MGEE) in the 4th quarter, Holdings Channel reports. The firm acquired 3,318 shares of the utilities provider’s stock, valued at approximately $312,000.

Several other hedge funds also recently modified their holdings of MGEE. Versant Capital Management Inc boosted its stake in MGE Energy by 367.1% during the fourth quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock worth $31,000 after buying an additional 257 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock worth $34,000 after buying an additional 168 shares in the last quarter. Assetmark Inc. acquired a new stake in MGE Energy during the third quarter worth $35,000. Covestor Ltd boosted its stake in MGE Energy by 37.3% during the third quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock worth $42,000 after buying an additional 123 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in MGE Energy by 507.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,112 shares of the utilities provider’s stock worth $105,000 after buying an additional 929 shares in the last quarter. 52.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

MGE Energy Stock Up 1.2 %

MGEE opened at $89.96 on Monday. The company has a market capitalization of $3.28 billion, a P/E ratio of 27.51 and a beta of 0.72. The firm’s fifty day moving average price is $90.84 and its two-hundred day moving average price is $93.09. MGE Energy, Inc. has a fifty-two week low of $72.27 and a fifty-two week high of $109.22. 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 (NASDAQ:MGEE) last issued its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.23). The company had revenue of $171.42 million for the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. On average, analysts anticipate that MGE Energy, Inc. will post 3.43 EPS for the current year.

MGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued 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 dividend yield of 2.00%. MGE Energy’s payout ratio is presently 54.05%.

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.