MGE Energy, Inc. (NASDAQ:MGEE) Short Interest Down 27.0% in January

MGE Energy, Inc. (NASDAQ:MGEE) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 993,200 shares, a decrease of 27.0% from the January 15th total of 1,360,000 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 181,200 shares, the short-interest ratio is presently 5.5 days.

MGE Energy Stock Up 0.2 %

Shares of NASDAQ MGEE traded up $0.22 on Friday, hitting $90.68. The company had a trading volume of 4,249 shares, compared to its average volume of 183,335. MGE Energy has a 12-month low of $61.94 and a 12-month high of $109.22. The business has a 50 day moving average of $92.58 and a two-hundred day moving average of $92.44. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $3.28 billion, a P/E ratio of 27.82 and a beta of 0.76.

MGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio is currently 55.05%.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH raised MGE Energy to a “strong sell” rating in a research report on Thursday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC purchased a new position in MGE Energy in the fourth quarter valued at about $797,000. Susquehanna International Group LLP boosted its holdings in MGE Energy by 307.8% in the fourth quarter. Susquehanna International Group LLP now owns 78,843 shares of the utilities provider’s stock valued at $7,408,000 after purchasing an additional 59,510 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in MGE Energy by 147.4% in the fourth quarter. Hsbc Holdings PLC now owns 11,141 shares of the utilities provider’s stock valued at $1,046,000 after purchasing an additional 6,638 shares during the last quarter. IHT Wealth Management LLC bought a new position in MGE Energy during the 4th quarter worth approximately $290,000. Finally, Stifel Financial Corp lifted its holdings in MGE Energy by 12.3% during the 4th quarter. Stifel Financial Corp now owns 3,945 shares of the utilities provider’s stock worth $371,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

About MGE Energy

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.