Gabelli restated their hold rating on shares of MGE Energy Inc. (NASDAQ:MGEE) in a report issued on Monday morning. Gabelli also issued estimates for MGE Energy’s FY2020 earnings at $2.50 EPS and FY2021 earnings at $2.65 EPS.

Several other research firms have also recently weighed in on MGEE. Zacks Investment Research upgraded shares of MGE Energy from a sell rating to a hold rating in a report on Thursday, September 7th. BidaskClub cut shares of MGE Energy from a sell rating to a strong sell rating in a report on Thursday, August 17th.

MGE Energy (NASDAQ MGEE) traded up $0.10 during mid-day trading on Monday, hitting $64.20. 28,900 shares of the company’s stock traded hands, compared to its average volume of 89,261. The stock has a market capitalization of $2,222.24, a P/E ratio of 29.14 and a beta of 0.34. MGE Energy has a 52-week low of $58.08 and a 52-week high of $68.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.02 and a quick ratio of 2.47.

MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 EPS for the quarter. The firm had revenue of $139.54 million for the quarter. MGE Energy had a net margin of 13.52% and a return on equity of 10.31%.

TRADEMARK VIOLATION WARNING: This news story was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://theolympiareport.com/2017/11/14/mge-energy-inc-mgee-given-hold-rating-at-gabelli.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend 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 the stock in a transaction dated Tuesday, September 5th. The stock was purchased at an average price of $64.02 per share, with a total value of $35,018.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MGE Energy by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the utilities provider’s stock worth $101,000 after buying an additional 154 shares during the last quarter. Strs Ohio raised its position in MGE Energy by 6.3% in the 2nd quarter. Strs Ohio now owns 3,400 shares of the utilities provider’s stock worth $218,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank raised its position in MGE Energy by 2.9% in the 2nd quarter. Amalgamated Bank now owns 4,472 shares of the utilities provider’s stock worth $288,000 after buying an additional 126 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in MGE Energy in the 2nd quarter worth about $303,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in MGE Energy in the 3rd quarter worth about $320,000. 38.04% of the stock is owned by institutional investors and hedge funds.

MGE Energy Company 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 Analyst Ratings Network's FREE daily email newsletter.