NASDAQ:MGEE MGE Energy (MGEE) Stock Forecast, Price & News $73.48 +0.04 (+0.05%) (As of 09/25/2023 ET) Add Compare Share Share Today's Range$72.88▼$73.5850-Day Range$70.78▼$82.4152-Week Range$61.67▼$83.27Volume72,828 shsAverage Volume94,039 shsMarket Capitalization$2.66 billionP/E Ratio23.25Dividend Yield2.33%Price Target$65.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MGE Energy MarketRank™ ForecastAnalyst RatingSell1.00 Rating ScoreUpside/Downside11.5% Downside$65.00 Price TargetShort InterestHealthy0.91% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.39Upright™ Environmental ScoreNews Sentiment1.08Based on 5 Articles This WeekInsider TradingAcquiring Shares$32,481 Bought Last QuarterProj. Earnings Growth8.13%From $3.32 to $3.59 Per ShareSee Full Details Hide Full Details 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 starsUtilities Sector62nd out of 85 stocksElectric, Gas & Sanitary Services Industry2nd out of 3 stocks 0.5 Analyst's Opinion Consensus RatingMGE Energy has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $65.00, MGE Energy has a forecasted downside of 11.5% from its current price of $73.48.Amount of Analyst CoverageMGE Energy has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.91% of the float of MGE Energy has been sold short.Short Interest Ratio / Days to CoverMGE Energy has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in MGE Energy has recently increased by 6.09%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldMGE Energy pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMGE Energy has been increasing its dividend for 48 years.Dividend CoverageThe dividend payout ratio of MGE Energy is 54.11%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MGE Energy will have a dividend payout ratio of 47.63% next year. This indicates that MGE Energy will be able to sustain or increase its dividend. Previous Next 2.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMGE Energy has received a 1.02% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Electricity distribution services of electricity produced with fossil fuels", and "Electricity distribution services of electricity produced with renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for MGE Energy is -3.39. Previous Next 3.4 News and Social Media Coverage News SentimentMGE Energy has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 5 news articles for MGE Energy this week, compared to 1 article on an average week.MarketBeat Follows1 people have added MGE Energy to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGE Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $32,481.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.23% of the stock of MGE Energy is held by insiders.Percentage Held by Institutions54.08% of the stock of MGE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for MGE Energy are expected to grow by 8.13% in the coming year, from $3.32 to $3.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGE Energy is 23.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.38.Price to Earnings Ratio vs. SectorThe P/E ratio of MGE Energy is 23.25, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 90.47.Price to Earnings Growth RatioMGE Energy has a PEG Ratio of 4.13. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGE Energy has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MGE Energy (NASDAQ:MGEE) StockMGE 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.Read More MGEE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGEE Stock News HeadlinesSeptember 23, 2023 | finance.yahoo.comAre MGE Energy, Inc.'s (NASDAQ:MGEE) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?September 23, 2023 | americanbankingnews.comMGE Energy (NASDAQ:MGEE) Price Target Raised to $65.00 at Morgan StanleySeptember 26, 2023 | Chaikin Analytics (Ad)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.September 22, 2023 | seekingalpha.comMGE Energy: High Capital And Reinvestment Requirements Without The Economics To ShowSeptember 15, 2023 | businesswire.comMGE Energy Issues September 2023 'Inside View'September 15, 2023 | finance.yahoo.comMGE Energy Issues September 2023 'Inside View'August 24, 2023 | finance.yahoo.comMGE Energy's (NASDAQ:MGEE) Shareholders Will Receive A Bigger Dividend Than Last YearAugust 18, 2023 | marketwatch.comMGE Energy Raises Quarterly Dividend by 4.9% >MGEESeptember 26, 2023 | Chaikin Analytics (Ad)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.August 18, 2023 | businesswire.comMGE Energy Increases Dividend for 48th Consecutive YearAugust 5, 2023 | finance.yahoo.comWith EPS Growth And More, MGE Energy (NASDAQ:MGEE) Makes An Interesting CaseAugust 3, 2023 | finance.yahoo.comMGE Energy Reports Second-Quarter 2023 EarningsJune 15, 2023 | finance.yahoo.comMGE Energy Issues June 2023 'Inside View'June 13, 2023 | finance.yahoo.comAn excellent week for MGE Energy, Inc.'s (NASDAQ:MGEE) institutional owners who own 52% as one-year returns inch higherMay 30, 2023 | finance.yahoo.comMGEE - MGE Energy, Inc.May 22, 2023 | benzinga.comThe Latest Analyst Ratings for MGE EnergyMay 19, 2023 | businesswire.comMGE Energy to Present at the 2023 AGA Financial ForumMay 18, 2023 | msn.comMGE Energy (MGEE) Declares $0.41 DividendMay 5, 2023 | msn.comOGE or MGEE: Which Is the Better Value Stock Right Now?May 4, 2023 | finance.yahoo.comMGE Energy Reports First-Quarter 2023 EarningsApril 21, 2023 | msn.comMorgan Stanley Maintains MGE Energy (MGEE) Underweight RecommendationApril 16, 2023 | finance.yahoo.comMGE Energy, Inc. (NASDAQ:MGEE) On An Uptrend: Could Fundamentals Be Driving The Stock?April 2, 2023 | finance.yahoo.comMGE Energy's (NASDAQ:MGEE) investors will be pleased with their respectable 53% return over the last five yearsMarch 23, 2023 | finance.yahoo.comReasons to Add MGE Energy (MGEE) to Your Portfolio Right NowMarch 19, 2023 | finance.yahoo.comJames Berbee Is The Independent Director of MGE Energy, Inc. (NASDAQ:MGEE) And They Just Picked Up 17% More SharesMarch 19, 2023 | finance.yahoo.comInsiders who bought MGE Energy, Inc. (NASDAQ:MGEE) last year must be regretting not buying more as market cap hits US$2.8bMarch 14, 2023 | finance.yahoo.comNiSource (NI) to Gain From Investments, Renewable ProjectsSee More Headlines Receive MGEE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MGE Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address MGEE Company Calendar Last Earnings8/03/2023Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Today9/25/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Electric, gas & sanitary services Sub-IndustryElectric Utilities SectorUtilities Current SymbolNASDAQ:MGEE CUSIP55277P10 CIK1161728 Webwww.mgeenergy.com Phone(608) 252-7000Fax608-252-7098Employees723Year FoundedN/APrice 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 RatingSell Rating Score (0-4)1.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.16 Trailing P/E Ratio23.25 Forward P/E Ratio22.13 P/E Growth4.13Net Income$110.95 million Net Margins15.94% Pretax Margin19.72% Return on Equity10.49% Return on Assets4.55% Debt Debt-to-Equity Ratio0.60 Current Ratio1.40 Quick Ratio0.95 Sales & Book Value Annual Sales$714.52 million Price / Sales3.72 Cash Flow$5.43 per share Price / Cash Flow13.52 Book Value$29.91 per share Price / Book2.46Miscellaneous Outstanding Shares36,160,000Free Float36,080,000Market Cap$2.66 billion OptionableOptionable Beta0.75 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Jeffrey M. Keebler (Age 51)Pres, CEO & Chairman Comp: $1.16MMr. Jared Joseph Bushek (Age 42)VP, CFO & Treasurer Comp: $699.08kMs. Tamara Jean Johnson (Age 58)VP, Chief Accounting Officer & Controller Comp: $416.67kMs. Cari Anne Renlund (Age 49)VP, Gen. Counsel & Sec. Comp: $887.6kMs. Lynn K. Hobbie (Age 64)Exec. VP of Marketing & Communications Comp: $544.73kMr. Ken FrassettoDirector - Shareholder Services and Treasury ManagementMelissa T. Garner (Age 41)Assistant VP of HR More ExecutivesKey CompetitorsAvistaNYSE:AVACalifornia Water Service GroupNYSE:CWTTransAltaNYSE:TACPrimo WaterNYSE:PRMWMYR GroupNASDAQ:MYRGView All CompetitorsInsiders & InstitutionsBarclays PLCSold 4,491 shares on 9/21/2023Ownership: 0.038%James G BerbeeBought 434 shares on 8/25/2023Total: $32,480.56 ($74.84/share)Virginia Retirement Systems ET ALBought 14,800 shares on 8/22/2023Ownership: 0.041%California State Teachers Retirement SystemSold 1,348 shares on 8/21/2023Ownership: 0.122%Osaic Holdings Inc.Sold 397 shares on 8/21/2023Ownership: 0.038%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold MGE Energy's stock? ETFs with the largest weight of MGE Energy (NASDAQ:MGEE) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), iShares U.S. Infrastructure ETF (IFRA), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), VictoryShares US Small Cap Volatility Wtd (CSA), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and Timothy Plan US Small Cap Core ETF (TPSC).Avantis U.S. Small Cap Equity ETF (AVSC). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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