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Guru Stocks Raising Dividends: Altria Group, Inc., MGE Energy, Inc., HCC Insurance Holdings, Inc., Delta Natural Gas Company, Inc., G&K Services, Inc.

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Sep. 06, 2009 | Filed Under: MO , MGEE , HCC , DGAS , GKSR


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These are the second group of companies who raised their dividend during the week: Altria Group, Inc. (MO), MGE Energy, Inc. (MGEE), HCC Insurance Holdings, Inc. (HCC), Delta Natural Gas Company, Inc. (DGAS), and G&K Services, Inc. (GKSR).

1. Altria Group, Inc. (MO)

Altria Group, Inc. (MO), which engages in the manufacture and sale of cigarettes and other tobacco products in the United States, increased its quarterly dividend by 6.3% to 34 cents per share. The stock currently yields 7.50%. Altria Group is the parent company of Philip Morris USA U.S. Smokeless Tobacco Company John Middleton Ste. Michelle Wine Estates and Philip Morris Capital Corporation. Their tobacco company brand portfolios consist of successful and well-known brand names such as Marlboro Copenhagen Skoal and Black & Mild. Altria Group Inc. has a market cap of $38.25 billion; its shares were traded at around $18.5 with a P/E ratio of 10.8 and P/S ratio of 2. The dividend yield of Altria Group Inc. stocks is 6.9%. Altria Group Inc. had an annual average earning growth of 3.4% over the past 10 years.

Altria Group Inc. is owned by 8 Gurus. Kenneth Fisher bought 14,224 shares in the quarter that ended on 06/30/2009, which is less than 0.01% of the $24.67 billion portfolio of Fisher Asset Management, LLC.

Ruane Cunniff owns 106,585 shares as of 06/30/2009, which accounts for 0.03% of the $6.9 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Tom Gayner owns 116,700 shares as of 06/30/2009, which accounts for 0.17% of the $1.11 billion portfolio of Markel Gayner Asset Management Corp. Tweedy Browne owns 25,898 shares as of 06/30/2009, which accounts for 0.03% of the $1.69 billion portfolio of Tweedy Browne CO LLC.
Donald Yacktman owns 54,001 shares as of 06/30/2009, which accounts for 0.08% of the $1.06 billion portfolio of Yacktman Asset Management Co..

Dodge & Cox owns 31,626 shares as of 06/30/2009, a decrease of 20.39% of from the previous quarter. This position accounts for less than 0.01% of the $66.88 billion portfolio of Dodge & Cox. Jean-Marie Eveillard owns 66,000 shares as of 06/30/2009, a decrease of 22.81% of from the previous quarter. This position accounts for 0.01% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. David Dreman owns 2,592,206 shares as of 06/30/2009, a decrease of 80.2% of from the previous quarter. This position accounts for 1.36% of the $3.12 billion portfolio of Dreman Value Management. Ken Heebner sold out his holdings in the quarter that ended on 06/30/2009.

Altria Group, Inc. recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net income in the quarter of 2009 was $29.1 million ($1.50 per diluted share), compared to $19.3 ($0.92 per diluted share) in the same quarter of the previous year. Revenues in the quarter of 2009 were $451.9 million, compared to $484.9 million in the same quarter previous year.
2. MGE Energy, Inc. (MGEE)

MGE Energy, Inc. (MGEE), which engages in generating, purchasing, transmitting, and distributing electricity, increased its quarterly dividend by 8% to 14 cents per share. MGE Energy, Inc. is a dividend achiever, which has increased its quarterly dividend for 34 consecutive years. The stock currently yields 3.90%. MGE Energy is a public utility holding company. Its principal subsidiary MGE generates and distributes electricity to more than 128000 customers in Dane County Wisconsin (250 square miles) and purchases transports and distributes natural gas to nearly 123000 customers in seven south-central and western Wisconsin counties (1375 square miles). Madison Gas And Electric Company has a market cap of $825.3 million; its shares were traded at around $35.75 with a P/E ratio of 15.3 and P/S ratio of 1.4. The dividend yield of Madison Gas And Electric Company stocks is 4.1%. Madison Gas And Electric Company had an annual average earning growth of 0.5% over the past 10 years. GuruFocus rated Madison Gas And Electric Company the business predictability rank of 2-star.

Buy: Director Thomas R Stolper bought 200 shares of MGEE stock on 03/17/2009 at the average price of $30.27; the price of the stock has increased by 18.1% since.

3. HCC Insurance Holdings, Inc. (HCC)

HCC Insurance Holdings, Inc. (HCC), which provides property and casualty, surety, group life, accident, and health insurance coverage, as well as related agency and reinsurance brokerage services to commercial customers and individuals., increased its quarterly dividend by 8% to 13.50 cents per share. HCC Insurance Holdings, Inc. is a dividend achiever, which has increased its quarterly dividend in each of the past thirteen years. The stock currently yields 1.90%. HCC through its subsidiaries provides specialized property & casualty insurance coverages managing general agency services & insurance related services both to commercial customers & individuals. HCC's insurance products are underwritten on both a direct & reinsurance basis & are marketed by the Company itself & through a network of independent & affiliated agents & brokers. HCC's principal insurance company subsidiaries are Houston Casualty Co. U.S. Specialty Insurance Co. & Trafalgar Insurance Co. in Houston Texas; & AVEMCO Insurance Co. in Frederick Maryland. Hcc Insurance Holdings Inc. has a market cap of $2.96 billion; its shares were traded at around $26.41 with a P/E ratio of 9.3 and P/S ratio of 1.3. The dividend yield of Hcc Insurance Holdings Inc. stocks is 1.9%. Hcc Insurance Holdings Inc. had an annual average earning growth of 15.5% over the past 10 years. GuruFocus rated Hcc Insurance Holdings Inc. the business predictability rank of 2.5-star.

Third Avenue Management bought 284,576 shares in the quarter that ended on 06/30/2009, which is 0.16% of the $4.36 billion portfolio of Third Avenue Management. NWQ Managers bought 143,497 shares in the quarter that ended on 06/30/2009, which is 0.02% of the $14.8 billion portfolio of NWQ Investment Management Co. John Rogers owns 1,780,032 shares as of 06/30/2009, an increase of 11.59% from the previous quarter. This position accounts for 1.16% of the $3.7 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. John Rogers owns 1,780,032 shares as of 06/30/2009, which accounts for 1.16% of the $3.7 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC. John Keeley owns 2,319,840 shares as of 06/30/2009, which accounts for 0.96% of the $5.82 billion portfolio of Keeley Fund Management. David Dreman owns 193,545 shares as of 06/30/2009, which accounts for 0.15% of the $3.12 billion portfolio of Dreman Value Management.

Buy: Director James E Oesterreicher bought 500 shares of HCC stock on 08/25/2009 at the average price of $26.25; the price of the stock has increased by 0.61% since.

Houston Insurance Holdings Inc. recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net income in the quarter of 2009 was $91.6 million ($0.81 per diluted share), compared to $91.7 million ($0.79 per diluted share) in the same quarter of the previous year. Revenues in the quarter of 2009 were $581.1 million, compared to $593.9 million in the same quarter previous year.
4. Delta Natural Gas Company, Inc. (DGAS)

Delta Natural Gas Company, Inc. (DGAS), which sells and distributes or transports natural gas to customers in central and southeastern Kentucky., increased its quarterly dividend by 1.6% to 32.50 cents per share. The company has raised dividends consistently since 2005. The stock currently yields 5.20%. Delta Natural Gas Company Inc. is a regulated public utility. As a result of acquisitions and expansions of its customer base within its existing service areas Delta provides retail gas distribution service to customers in central and southeastern Kentucky and additionally provides transportation service to industrial customers and interconnected pipelines located in the area. Delta Natural Gas Company Inc. has a market cap of $85.8 million; its shares were traded at around $25.9199 with a P/E ratio of 15.5 and P/S ratio of 0.8. The dividend yield of Delta Natural Gas Company Inc. stocks is 5%. Delta Natural Gas Company Inc. had an annual average earning growth of 0.2% over the past 10 years.

5. G&K Services, Inc. (GKSR)

G&K Services, Inc. (GKSR), which provides branded identity apparel and facility services programs in North America., increased its quarterly dividend by 7% to 7.5 cents per share The stock currently yields only 1.30%. G&K Services Inc. is a market leader in branded identity apparel programs and facility services in the United States and is the largest such provider in Canada. G&K operates over processing facilities and branch offices. G&k Services Inc. has a market cap of $442.1 million; its shares were traded at around $23.91 with a P/E ratio of 13.9 and P/S ratio of 0.5. The dividend yield of G&k Services Inc. stocks is 1.2%.

Tweedy Browne owns 166,827 shares as of 06/30/2009, which accounts for 0.21% of the $1.69 billion portfolio of Tweedy Browne CO LLC.

G&K Services Inc. recently reported fiscal results for its fourth quarter 2009 ended June 27, 2009. Net income in the quarter of 2009 was $2.8 million ($0.16 per diluted share), compared to $10.6 million ($0.11 per diluted share) in the same quarter of the previous year. Revenues in the fourth quarter of 2009 were $217.98 million, compared to $252.2 million in the same quarter previous year.




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