Ameritas Investment Partners Inc. continued to hold its position in shares of MGE Energy Inc. (NASDAQ:MGEE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,021 shares of the utilities provider’s stock at the close of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in MGE Energy were worth $194,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its holdings in MGE Energy by 620.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,128 shares of the utilities provider’s stock worth $394,000 after purchasing an additional 5,278 shares during the period. Vanguard Group Inc. raised its holdings in MGE Energy by 0.7% in the second quarter. Vanguard Group Inc. now owns 3,299,739 shares of the utilities provider’s stock worth $212,339,000 after purchasing an additional 23,911 shares during the period. Marshall Wace North America L.P. acquired a new stake in MGE Energy in the second quarter worth $1,157,000. Ramsey Quantitative Systems acquired a new stake in MGE Energy in the second quarter worth $303,000. Finally, Citadel Advisors LLC acquired a new stake in MGE Energy in the second quarter worth $798,000. Institutional investors own 38.12% of the company’s stock.
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Several equities research analysts have weighed in on the stock. BidaskClub lowered shares of MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of MGE Energy from a “sell” rating to a “hold” rating in a report on Thursday, September 7th.
MGE Energy (NASDAQ:MGEE) last issued its earnings results on Friday, August 4th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $126.46 million for the quarter. MGE Energy had a net margin of 13.82% and a return on equity of 10.60%.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, November 30th. MGE Energy’s dividend payout ratio is presently 57.85%.
In related news, insider Jeffrey M. Keebler bought 547 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average cost of $64.02 per share, with a total value of $35,018.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.
About MGE Energy
MGE Energy, Inc (MGE) is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).
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