BofA update shows where active managers are putting money
Director James G. Berbee of MGE Energy INC (NASDAQ:MGEE) acquired 506.6875 shares of common stock on August 15, 2025, at a price of $83.83 per share. The purchase comes as the utility company, with a market capitalization of $3.05 billion, trades near its 52-week low of $82.21. According to InvestingPro analysis, MGEE maintains strong financial health with notably low price volatility.
The total value of the purchase amounted to $42475. Following the transaction, Berbee directly owns 6329.305 shares of MGE Energy,
In other recent news, MGE Energy announced a 5.6% increase in its regular quarterly dividend, raising it to $0.4750 per share. This marks the company’s 50th consecutive year of dividend increases, bringing the annualized dividend rate from $1.80 per share to $1.90 per share. Additionally, MGE Energy held its Annual Meeting of Shareholders, where three Class III Directors were elected and PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2025. The elected directors, Daniel J. Kelly, James L. Possin, and Noble L. Wray, received strong support with over 23 million "For" votes each. MGE Energy also declared a quarterly dividend of $0.45 per share, continuing its longstanding practice of dividend distribution. This dividend is set to be paid on June 15, 2025, to shareholders on record as of June 1, 2025. The company has a history of issuing cash dividends for over 110 years and has increased dividends annually for 49 years.
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