MGE Energy (MGEE) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" MGEE shares.
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1 brokerages have issued 1 year price targets for MGE Energy's shares. Their MGEE share price forecasts range from $72.00 to $72.00. On average, they expect the company's stock price to reach $72.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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MGE Energy's stock was trading at $70.40 at the start of the year. Since then, MGEE stock has increased by 2.4% and is now trading at $72.06.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our MGEE earnings forecast.

MGE Energy, Inc. (NASDAQ:MGEE) posted its quarterly earnings data on Thursday, November, 4th. The utilities provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The utilities provider had revenue of $145.87 million for the quarter. MGE Energy had a net margin of 14.89% and a trailing twelve-month return on equity of 9.98%.

MGE Energy declared a quarterly dividend on Tuesday, May 16th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.4075 per share on Thursday, June 15th. This represents a $1.63 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Wednesday, May 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), First Trust NASDAQ BuyWrite Income ETF (FTQI), iShares U.S. Infrastructure ETF (IFRA), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Timothy Plan US Small Cap Core ETF (TPSC), Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

MGE Energy (NASDAQ:MGEE) pays an annual dividend of $1.63 per share and currently has a dividend yield of 2.24%. The company has been increasing its dividend for 47 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 45.28% 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.71%), Victory Capital Management Inc. (3.00%), State Street Corp (2.69%), Dimensional Fund Advisors LP (2.08%), Geode Capital Management LLC (1.99%) and Gabelli Funds LLC (1.10%). Insiders that own company stock include Cari Anne Renlund, James G Berbee, James G Berbee, James Jerome Lorenz and James L Possin.
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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 $72.06.

MGE Energy (NASDAQ:MGEE) has a market capitalization of $2.61 billion and generates $714.52 million in revenue each year. The utilities provider earns $110.95 million in net income (profit) each year or $2.97 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.