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NASDAQ:MGEEMGE Energy Stock Price, Forecast & News

$67.89
+0.70 (+1.04 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$65.82
Now: $67.89
$68.30
50-Day Range
$58.81
MA: $65.67
$72.31
52-Week Range
$47.19
Now: $67.89
$83.26
Volume155,213 shs
Average Volume225,947 shs
Market Capitalization$2.35 billion
P/E Ratio26.52
Dividend Yield2.08%
Beta0.44
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal, natural gas, and renewable energy sources, as well as purchases power under short and long-term commitments. As of February 22, 2019, the company distributed electricity to 153,000 customers in Dane County, Wisconsin, including the City of Madison; and purchased and distributed natural gas to 161,000 customers in seven south-central and western Wisconsin counties. MGE Energy, Inc. was founded in 1855 and is based in Madison, Wisconsin.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.5Community Rank: 2.4Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.03 out of 5 stars


Industry, Sector and Symbol

Industry Electric, gas & sanitary services
Sub-IndustryElectric Utilities
SectorUtilities
Current SymbolNASDAQ:MGEE
CUSIP55277P10
Phone608-252-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$568.85 million
Cash Flow$4.57 per share
Book Value$25.08 per share

Profitability

Net Income$86.87 million

Miscellaneous

EmployeesN/A
Market Cap$2.35 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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MGE Energy (NASDAQ:MGEE) Frequently Asked Questions

How has MGE Energy's stock been impacted by COVID-19 (Coronavirus)?

MGE Energy's stock was trading at $65.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MGEE shares have increased by 4.0% and is now trading at $67.89. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of MGE Energy?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for MGE Energy.

When is MGE Energy's next earnings date?

MGE Energy is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for MGE Energy.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) announced its earnings results on Wednesday, August, 7th. The utilities provider reported $0.45 EPS for the quarter. The utilities provider earned $122.15 million during the quarter. MGE Energy had a net margin of 16.13% and a return on equity of 10.43%. View MGE Energy's earnings history.

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

MGE Energy announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 1st will be given a dividend of $0.352 per share on Monday, June 15th. This represents a $1.41 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, May 29th. View MGE Energy's dividend history.

What price target have analysts set for MGEE?

1 brokerages have issued 12-month target prices for MGE Energy's shares. Their forecasts range from $57.00 to $57.00. On average, they expect MGE Energy's share price to reach $57.00 in the next year. This suggests that the stock has a possible downside of 16.0%. View analysts' price targets for MGE Energy.

Has MGE Energy been receiving favorable news coverage?

News headlines about MGEE stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGE Energy earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutMGE Energy.

Are investors shorting MGE Energy?

MGE Energy saw a decrease in short interest in May. As of May 15th, there was short interest totaling 275,700 shares, a decrease of 5.7% from the April 30th total of 292,500 shares. Based on an average trading volume of 147,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the company's stock are short sold. View MGE Energy's Current Options Chain.

Who are some of MGE Energy's key competitors?

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 American Electric Power (AEP), IBM (IBM), AT&T (T), WEC Energy Group (WEC), Exxon Mobil (XOM), KEMET (KEM), Medtronic (MDT), Metlife (MET), Marathon Petroleum (MPC) and Verizon Communications (VZ).

Who are MGE Energy's key executives?

MGE Energy's management team includes the following people:
  • Mr. Jeffrey M. Keebler, Pres, CEO & Chairman (Age 47)
  • Mr. Jeffrey C. Newman, Exec. VP, CFO Sec. & Treasurer (Age 56)
  • Mr. Ken Frassetto, Director - Shareholder Services and Treasury Management

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. (7.25%), State Street Corp (2.54%), Victory Capital Management Inc. (2.20%), Victory Capital Management Inc. (2.20%), Silvercrest Asset Management Group LLC (1.68%) and Geode Capital Management LLC (1.49%). Company insiders that own MGE Energy stock include Cari Anne Renlund, James G Berbee, Jeffrey M Keebler and Marcia M Anderson. View institutional ownership trends for MGE Energy.

Which institutional investors are selling MGE Energy stock?

MGEE stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Invesco Ltd., Morgan Stanley, Morgan Stanley, BlackRock Inc., State Street Corp, UBS Group AG, and Jane Street Group LLC. View insider buying and selling activity for MGE Energy.

Which institutional investors are buying MGE Energy stock?

MGEE stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Geode Capital Management LLC, AQR Capital Management LLC, Federated Hermes Inc., Advisor Group Holdings Inc., Thrivent Financial for Lutherans, Legal & General Group Plc, and Royal London Asset Management Ltd.. Company insiders that have bought MGE Energy stock in the last two years include Cari Anne Renlund, James G Berbee, Jeffrey M Keebler, and Marcia M Anderson. View insider buying and selling activity for MGE Energy.

How do I buy shares of MGE Energy?

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

What is MGE Energy's stock price today?

One share of MGEE stock can currently be purchased for approximately $67.89.

How big of a company is MGE Energy?

MGE Energy has a market capitalization of $2.35 billion and generates $568.85 million in revenue each year. The utilities provider earns $86.87 million in net income (profit) each year or $2.51 on an earnings per share basis.

What is MGE Energy's official website?

The official website for MGE Energy is www.mgeenergy.com.

How can I contact MGE Energy?

MGE Energy's mailing address is 133 SOUTH BLAIR STREET, MADISON WI, 53701. The utilities provider can be reached via phone at 608-252-7000 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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