4,948 Shares in MGE Energy, Inc. (MGEE) Acquired by Campbell & CO Investment Adviser LLC
Campbell & CO Investment Adviser LLC purchased a new position in shares of MGE Energy, Inc. (NASDAQ:MGEE) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,948 shares of the utilities provider’s stock, valued at approximately $320,000.
Several other institutional investors and hedge funds have also made changes to their positions in MGEE. Wells Fargo & Company MN boosted its holdings in shares of MGE Energy by 82.2% during the 3rd quarter. Wells Fargo & Company MN now owns 132,662 shares of the utilities provider’s stock worth $8,570,000 after buying an additional 59,855 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in shares of MGE Energy by 61.6% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 20,200 shares of the utilities provider’s stock worth $1,305,000 after buying an additional 7,700 shares during the period. Legal & General Group Plc boosted its holdings in shares of MGE Energy by 11.8% during the 3rd quarter. Legal & General Group Plc now owns 35,406 shares of the utilities provider’s stock worth $2,291,000 after buying an additional 3,741 shares during the period. American International Group Inc. boosted its holdings in shares of MGE Energy by 8.1% during the 3rd quarter. American International Group Inc. now owns 23,441 shares of the utilities provider’s stock worth $1,514,000 after buying an additional 1,753 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of MGE Energy by 70.2% during the 3rd quarter. Macquarie Group Ltd. now owns 16,000 shares of the utilities provider’s stock worth $1,034,000 after buying an additional 6,600 shares during the period. Institutional investors own 38.32% of the company’s stock.
Shares of MGE Energy, Inc. (NASDAQ:MGEE) opened at $66.85 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.02. The stock has a market cap of $2,298.51, a price-to-earnings ratio of 30.14 and a beta of 0.34. MGE Energy, Inc. has a 1-year low of $58.20 and a 1-year high of $68.70.
MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $139.54 million during the quarter. MGE Energy had a net margin of 13.52% and a return on equity of 10.31%. analysts anticipate that MGE Energy, Inc. will post 2.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, November 30th. MGE Energy’s dividend payout ratio (DPR) is presently 58.64%.
In related news, insider Jeffrey M. Keebler purchased 547 shares of MGE Energy stock in a transaction on Tuesday, September 5th. The stock was purchased at an average cost of $64.02 per share, with a total value of $35,018.94. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.
Several analysts recently issued reports on MGEE shares. BidaskClub downgraded shares of MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of MGE Energy from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Gabelli reaffirmed a “hold” rating on shares of MGE Energy in a report on Monday, November 13th.
ILLEGAL ACTIVITY NOTICE: “4,948 Shares in MGE Energy, Inc. (MGEE) Acquired by Campbell & CO Investment Adviser LLC” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/30/4948-shares-in-mge-energy-inc-mgee-acquired-by-campbell-co-investment-adviser-llc.html.
MGE Energy Profile
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).
Receive News & Ratings for MGE Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGE Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.