EnRich Financial Partners LLC Acquires 139 Shares of MGE Energy, Inc. (NASDAQ:MGEE)

EnRich Financial Partners LLC grew its holdings in shares of MGE Energy, Inc. (NASDAQ:MGEE) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,744 shares of the utilities provider’s stock after acquiring an additional 139 shares during the period. EnRich Financial Partners LLC’s holdings in MGE Energy were worth $164,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MGEE. Merit Financial Group LLC increased its position in shares of MGE Energy by 1.7% during the fourth quarter. Merit Financial Group LLC now owns 7,079 shares of the utilities provider’s stock valued at $665,000 after acquiring an additional 116 shares in the last quarter. Savant Capital LLC grew its position in MGE Energy by 2.9% during the fourth quarter. Savant Capital LLC now owns 4,922 shares of the utilities provider’s stock valued at $462,000 after buying an additional 139 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of MGE Energy by 88.9% in 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. Teacher Retirement System of Texas increased its position in shares of MGE Energy by 1.4% during the fourth quarter. Teacher Retirement System of Texas now owns 12,553 shares of the utilities provider’s stock valued at $1,179,000 after acquiring an additional 177 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of MGE Energy by 0.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 34,449 shares of the utilities provider’s stock worth $3,237,000 after buying an additional 186 shares during the last quarter. 52.58% of the stock is currently owned by institutional investors and hedge funds.

MGE Energy Stock Performance

Shares of MGEE stock opened at $89.06 on Thursday. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 27.24 and a beta of 0.71. The company’s 50 day moving average is $90.96 and its 200 day moving average is $93.55. MGE Energy, Inc. has a 52-week low of $72.27 and a 52-week high of $109.22. 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 (NASDAQ:MGEE) last released its earnings results 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 during the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. On average, sell-side analysts anticipate that MGE Energy, Inc. will post 3.43 EPS for the current fiscal year.

MGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, February 28th. MGE Energy’s payout ratio is 54.05%.

Insider Activity

In other news, Director James G. Berbee purchased 446 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 11,532 shares of the company’s stock, valued at $1,047,451.56. This trade represents a 4.02 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MGEE shares. LADENBURG THALM/SH SH upgraded shares of MGE Energy to a “strong sell” rating in a research note on Monday, March 17th. Morgan Stanley lifted their target price on MGE Energy from $78.00 to $80.00 and gave the company an “underweight” rating in a research report on Thursday, March 20th.

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.