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Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
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Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
NASDAQ:MGEE

MGE Energy (MGEE) Stock Forecast, Price & News

$73.48
+0.04 (+0.05%)
(As of 09/25/2023 ET)
Compare
Today's Range
$72.88
$73.58
50-Day Range
$70.78
$82.41
52-Week Range
$61.67
$83.27
Volume
72,828 shs
Average Volume
94,039 shs
Market Capitalization
$2.66 billion
P/E Ratio
23.25
Dividend Yield
2.33%
Price Target
$65.00

MGE Energy MarketRank™ Forecast

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
11.5% Downside
$65.00 Price Target
Short Interest
Healthy
0.91% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
1.08mentions of MGE Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$32,481 Bought Last Quarter
Proj. Earnings Growth
8.13%
From $3.32 to $3.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Utilities Sector

62nd out of 85 stocks

Electric, Gas & Sanitary Services Industry

2nd out of 3 stocks


MGEE stock logo

About MGE Energy (NASDAQ:MGEE) Stock

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. 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; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources. MGE Energy, Inc. founded in 2001 and is headquartered in Madison, Wisconsin.

MGEE Price History

MGEE Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
MGE Energy Issues September 2023 'Inside View'
MGE Energy Issues September 2023 'Inside View'
MGE Energy Raises Quarterly Dividend by 4.9% >MGEE
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
MGE Energy Reports Second-Quarter 2023 Earnings
MGE Energy Issues June 2023 'Inside View'
MGEE - MGE Energy, Inc.
The Latest Analyst Ratings for MGE Energy
MGE Energy Reports First-Quarter 2023 Earnings
See More Headlines
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MGEE Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/25/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric, gas & sanitary services
Sub-Industry
Electric Utilities
Sector
Utilities
Current Symbol
NASDAQ:MGEE
CUSIP
55277P10
Employees
723
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$65.00
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-11.5%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$110.95 million
Pretax Margin
19.72%

Debt

Sales & Book Value

Annual Sales
$714.52 million
Cash Flow
$5.43 per share
Book Value
$29.91 per share

Miscellaneous

Free Float
36,080,000
Market Cap
$2.66 billion
Optionable
Optionable
Beta
0.75
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Key Executives

  • Mr. Jeffrey M. Keebler (Age 51)
    Pres, CEO & Chairman
    Comp: $1.16M
  • Mr. Jared Joseph Bushek (Age 42)
    VP, CFO & Treasurer
    Comp: $699.08k
  • Ms. Tamara Jean Johnson (Age 58)
    VP, Chief Accounting Officer & Controller
    Comp: $416.67k
  • Ms. Cari Anne Renlund (Age 49)
    VP, Gen. Counsel & Sec.
    Comp: $887.6k
  • Ms. Lynn K. Hobbie (Age 64)
    Exec. VP of Marketing & Communications
    Comp: $544.73k
  • Mr. Ken Frassetto
    Director - Shareholder Services and Treasury Management
  • Melissa T. Garner (Age 41)
    Assistant VP of HR













MGEE Stock - Frequently Asked Questions

Should I buy or sell MGE Energy stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" MGEE shares.
View MGEE analyst ratings
or view top-rated stocks.

What is MGE Energy's stock price forecast for 2023?

1 equities research analysts have issued twelve-month price objectives for MGE Energy's stock. Their MGEE share price forecasts range from $65.00 to $65.00. On average, they anticipate the company's stock price to reach $65.00 in the next year. This suggests that the stock has a possible downside of 11.5%.
View analysts price targets for MGEE
or view top-rated stocks among Wall Street analysts.

How have MGEE shares performed in 2023?

MGE Energy's stock was trading at $70.40 on January 1st, 2023. Since then, MGEE stock has increased by 4.4% and is now trading at $73.48.
View the best growth stocks for 2023 here
.

When is MGE Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MGEE earnings forecast
.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) announced its quarterly earnings data on Thursday, August, 3rd. The utilities provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The utilities provider earned $148 million during the quarter, compared to the consensus estimate of $157.06 million. MGE Energy had a net margin of 15.94% and a trailing twelve-month return on equity of 10.49%.

How often does MGE Energy pay dividends? What is the dividend yield for MGE Energy?

MGE Energy declared a quarterly dividend on Friday, August 18th. Investors of record on Friday, September 1st will be paid a dividend of $0.428 per share on Friday, September 15th. This represents a $1.71 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for MGEE
.

Is MGE Energy a good dividend stock?

MGE Energy (NASDAQ:MGEE) pays an annual dividend of $1.71 per share and currently has a dividend yield of 2.33%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 47.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGEE.

What is Gary J. Wolter's approval rating as MGE Energy's CEO?

14 employees have rated MGE Energy Chief Executive Officer Gary J. Wolter on Glassdoor.com. Gary J. Wolter has an approval rating of 93% among the company's employees. This puts Gary J. Wolter in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MGE Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MGE Energy investors own include International Business Machines (IBM), Medtronic (MDT), MetLife (MET), AT&T (T), WEC Energy Group (WEC), Exxon Mobil (XOM), Invesco (IVZ), KEMET (KEM) and Marathon Petroleum (MPC).

What is MGE Energy's stock symbol?

MGE Energy trades on the NASDAQ under the ticker symbol "MGEE."

Who are MGE Energy's major shareholders?

MGE Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.79%), Victory Capital Management Inc. (3.10%), State Street Corp (2.68%), Dimensional Fund Advisors LP (2.09%), Geode Capital Management LLC (2.03%) and Goldman Sachs Group Inc. (1.20%). Insiders that own company stock include James G Berbee, James G Berbee, James Jerome Lorenz and James L Possin.
View institutional ownership trends
.

How do I buy shares of MGE Energy?

Shares of MGEE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGE Energy's stock price today?

One share of MGEE stock can currently be purchased for approximately $73.48.

How much money does MGE Energy make?

MGE Energy (NASDAQ:MGEE) has a market capitalization of $2.66 billion and generates $714.52 million in revenue each year. The utilities provider earns $110.95 million in net income (profit) each year or $3.16 on an earnings per share basis.

How many employees does MGE Energy have?

The company employs 723 workers across the globe.

How can I contact MGE Energy?

MGE Energy's mailing address is 133 SOUTH BLAIR STREET, MADISON WI, 53701. The official website for the company is www.mgeenergy.com. The utilities provider can be reached via phone at (608) 252-7000, via email at investor@mgeenergy.com, or via fax at 608-252-7098.

This page (NASDAQ:MGEE) was last updated on 9/26/2023 by MarketBeat.com Staff

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