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NASDAQ:MGEE

MGE Energy Stock Forecast, Price & News

$70.26
+1.59 (+2.32 %)
(As of 12/1/2020 03:59 PM ET)
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Compare
Today's Range
$69.17
Now: $70.26
$70.75
50-Day Range
$64.92
MA: $68.81
$74.14
52-Week Range
$47.19
Now: $70.26
$83.26
Volume5,006 shs
Average Volume93,630 shs
Market Capitalization$2.54 billion
P/E Ratio26.61
Dividend Yield2.05%
Beta0.46
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 26, 2020, the company distributed electricity to 155,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 163,000 customers in seven south-central and western Wisconsin counties. MGE Energy, Inc. was founded in 1855 and is headquartered in Madison, Wisconsin.
MGE Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.8Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 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
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$568.85 million
Cash Flow$4.44 per share
Book Value$26.92 per share

Profitability

Net Income$86.87 million

Miscellaneous

Market Cap$2.54 billion
Next Earnings Date2/24/2021 (Estimated)
OptionableOptionable
$70.26
+1.59 (+2.32 %)
(As of 12/1/2020 03:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGE Energy (NASDAQ:MGEE) Frequently Asked Questions

How has MGE Energy's stock price been impacted by 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 7.6% and is now trading at $70.23.
View which stocks have been most impacted by COVID-19
.

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MGE Energy
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than MGE Energy?

Wall Street analysts have given MGE Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGE Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is MGE Energy's next earnings date?

MGE Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
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 Thursday, November, 5th. The utilities provider reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.89 by $0.01. MGE Energy had a net margin of 17.18% and a return on equity of 10.21%.
View MGE Energy's earnings history
.

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

MGE Energy declared a quarterly dividend on Friday, October 16th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.37 per share on Tuesday, December 15th. This represents a $1.48 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, November 30th.
View MGE Energy's dividend history
.

What price target have analysts set for MGEE?

2 brokers have issued 12-month price targets for MGE Energy's stock. Their forecasts range from $57.00 to $66.00. On average, they anticipate MGE Energy's share price to reach $61.50 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
View analysts' price targets for MGE Energy
.

Are investors shorting MGE Energy?

MGE Energy saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 230,900 shares, a decrease of 19.4% from the October 31st total of 286,500 shares. Based on an average daily trading volume, of 98,500 shares, the days-to-cover ratio is presently 2.3 days.
View MGE Energy's Short Interest
.

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), 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).

Who are MGE Energy's key executives?

MGE Energy's management team includes the following people:
  • Mr. Jeffrey M. Keebler, Pres, CEO & Chairman (Age 48, Pay $1.01M)
  • Ms. Cari Anne Renlund, VP, Gen. Counsel & Sec. (Age 46, Pay $475.17k)
  • Mr. Jeffrey C. Newman, Exec. VP (Age 57, Pay $626.18k)
  • Mr. Jared Joseph Bushek, VP of Fin., Chief Information Officer & Treasurer (Age 39)
  • Ms. Tamara Jean Johnson, VP of Accounting & Controller (Age 55)
  • 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.03%), First Trust Advisors LP (2.38%), State Street Corp (2.14%), Victory Capital Management Inc. (2.06%), Charles Schwab Investment Management Inc. (0.80%) and Royal London Asset Management Ltd. (0.69%). Company insiders that own MGE Energy stock include Cari Anne Renlund, James G Berbee, James L Possin, 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 Wells Fargo & Company MN, State Street Corp, AQR Capital Management LLC, Morgan Stanley, BlackRock Inc., Hennessy Advisors Inc., Nisa Investment Advisors LLC, and Charles Schwab Investment Management Inc..
View insider buying and selling activity for MGE Energy
.

Which institutional investors are buying MGE Energy stock?

MGEE stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., First Trust Advisors LP, Royal London Asset Management Ltd., BNP Paribas Arbitrage SA, US Bancorp DE, California Public Employees Retirement System, UBS Asset Management Americas Inc., and Swiss National Bank. Company insiders that have bought MGE Energy stock in the last two years include Cari Anne Renlund, James G Berbee, James L Possin, 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 $70.23.

How big of a company is MGE Energy?

MGE Energy has a market capitalization of $2.54 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 12/1/2020 by MarketBeat.com Staff

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