MGE Energy - MGEE Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "sell" MGEE shares.
View MGEE analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued twelve-month price targets for MGE Energy's stock. Their MGEE share price forecasts range from $71.00 to $75.00. On average, they expect the company's stock price to reach $73.00 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for MGEE or view top-rated stocks among Wall Street analysts.

MGE Energy's stock was trading at $82.25 at the beginning of 2022. Since then, MGEE stock has decreased by 13.9% and is now trading at $70.85.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MGEE earnings forecast.

MGE Energy, Inc. (NASDAQ:MGEE) posted its earnings results on Thursday, November, 4th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The utilities provider earned $145.87 million during the quarter. MGE Energy had a net margin of 15.56% and a trailing twelve-month return on equity of 10.02%.

MGE Energy announced a quarterly dividend on Monday, August 22nd. Investors of record on Thursday, September 1st will be paid a dividend of $0.4075 per share on Thursday, September 15th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.39.
Read our dividend analysis for MGEE.

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 46 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 52.41% 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 many different retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (0.00%), Victory Capital Management Inc. (3.49%), State Street Corp (2.75%), Goldman Sachs Group Inc. (1.92%), Northern Trust Corp (1.19%) and Royal London Asset Management Ltd. (0.63%). Insiders that own company stock include Cari Anne Renlund, 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 $70.85.

MGE Energy (NASDAQ:MGEE) has a market capitalization of $2.56 billion and generates $606.58 million in revenue each year. The utilities provider earns $105.76 million in net income (profit) each year or $2.88 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.