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Director James G. Berbee of MGE Energy Inc (NASDAQ:MGEE), a utility company with a $3.04 billion market cap, acquired 253.5834 shares of common stock on September 8, 2025, at a price of $83.75, in one transaction. The purchase comes as the stock trades near its 52-week low of $82.21, with InvestingPro analysis showing the stock is fairly valued.
The purchase was valued at $21,237. Following the transaction, Berbee directly owns 6582.8884 shares of MGE Energy Inc , inclusive of adjustments for accrued dividends. The company stands out for its 55-year track record of maintaining dividend payments and low price volatility. According to InvestingPro, there are 8 additional key insights available about MGEE’s financial health and market position.
In other recent news, MGE Energy announced a 5.6% increase in its regular quarterly dividend, bringing it to $0.4750 per share. This marks the company’s 50th consecutive year of raising dividends, with the annualized dividend rate now at $1.90 per share, up from $1.80. The dividend is set to be paid on September 15, 2025, to shareholders who are on record as of September 1, 2025. This development highlights MGE Energy’s ongoing commitment to returning value to its shareholders. No other major financial results or analyst upgrades or downgrades were reported in the recent updates. MGE Energy’s consistent dividend growth may be of interest to investors focusing on income-generating stocks. The company’s long history of dividend increases underscores its stable financial performance.
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