MGE Energy (MGEE) Stock Forecast, Price & News

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.

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.

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

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%.

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.

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).

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.

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.

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).

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

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.

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

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.

The company employs 723 workers across the globe.

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.