MGE Energy (NASDAQ:MGEE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

MGE Energy, Inc. (NASDAQ:MGEE)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $91.07 and traded as high as $93.98. MGE Energy shares last traded at $93.85, with a volume of 112,228 shares traded.

Wall Street Analysts Forecast Growth

MGEE has been the topic of a number of analyst reports. LADENBURG THALM/SH SH raised shares of MGE Energy to a “strong sell” rating in a research note on Thursday, December 12th. Morgan Stanley upped their price objective on MGE Energy from $71.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th.

MGE Energy Stock Performance

The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.40 billion, a PE ratio of 28.69 and a beta of 0.76. The firm’s fifty day moving average is $98.28 and its 200-day moving average is $91.21.

MGE Energy Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.92%. MGE Energy’s dividend payout ratio (DPR) is presently 55.05%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of MGE Energy by 367.1% in the 4th quarter. Versant Capital Management Inc now owns 327 shares of the utilities provider’s stock valued at $31,000 after buying an additional 257 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of MGE Energy by 88.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 168 shares in the last quarter. Quest Partners LLC lifted its position in shares of MGE Energy by 5,088.9% during the second quarter. Quest Partners LLC now owns 467 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 458 shares in the last quarter. Assetmark Inc. purchased a new position in shares of MGE Energy in the third quarter valued at approximately $35,000. Finally, Covestor Ltd increased its stake in MGE Energy by 37.3% during the 3rd quarter. Covestor Ltd now owns 453 shares of the utilities provider’s stock worth $42,000 after buying an additional 123 shares during the period. 52.58% of the stock is currently owned by institutional investors and hedge funds.

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.