MGE Energy Inc. $MGEE Shares Sold by Poehling Capital Management INC.

Poehling Capital Management INC. trimmed its position in MGE Energy Inc. (NASDAQ:MGEE) by 32.7% in the second quarter, Holdings Channel.com reports. The fund owned 2,928 shares of the utilities provider’s stock after selling 1,422 shares during the period. Poehling Capital Management INC.’s holdings in MGE Energy were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hilltop National Bank bought a new stake in MGE Energy during the second quarter valued at $41,000. Private Trust Co. NA acquired a new position in shares of MGE Energy in the 2nd quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of MGE Energy by 47.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 526 shares of the utilities provider’s stock valued at $47,000 after buying an additional 169 shares during the period. eCIO Inc. bought a new stake in shares of MGE Energy during the 1st quarter valued at about $53,000. Finally, Allworth Financial LP lifted its holdings in MGE Energy by 2,430.0% in the second quarter. Allworth Financial LP now owns 1,518 shares of the utilities provider’s stock worth $134,000 after acquiring an additional 1,458 shares during the last quarter. 52.58% of the stock is owned by institutional investors and hedge funds.

MGE Energy Stock Up 0.1%

Shares of MGE Energy stock opened at $83.67 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.20. MGE Energy Inc. has a 1-year low of $81.13 and a 1-year high of $106.76. The business’s fifty day moving average price is $84.09 and its two-hundred day moving average price is $86.48. The company has a market capitalization of $3.06 billion, a P/E ratio of 23.24 and a beta of 0.81.

MGE Energy (NASDAQ:MGEE) last released its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $175.68 million during the quarter. MGE Energy had a return on equity of 10.58% and a net margin of 18.24%. As a group, research analysts forecast that MGE Energy Inc. will post 3.43 EPS for the current year.

MGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, December 1st. MGE Energy’s dividend payout ratio is currently 51.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MGE Energy in a report on Thursday. Wall Street Zen downgraded MGE Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. LADENBURG THALM/SH SH upgraded MGE Energy from a “sell” rating to a “neutral” rating and raised their target price for the company from $69.00 to $83.00 in a research note on Thursday, September 11th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of MGE Energy in a report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $79.00.

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.