NASDAQ:MGEE

MGE Energy Stock Forecast, Price & News

$75.81
-0.87 (-1.13 %)
(As of 09/20/2021 12:00 AM ET)
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Today's Range
$74.95
$76.79
50-Day Range
$75.08
$82.46
52-Week Range
$59.70
$82.95
Volume87,628 shs
Average Volume85,531 shs
Market Capitalization$2.74 billion
P/E Ratio25.96
Dividend Yield2.02%
Beta0.57
30 days | 90 days | 365 days | Advanced Chart
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MGE Energy logo

About MGE Energy

MGE Energy, Inc. provides natural gas and electric services. The firm operates its business through the following segments: Regulated Electric Utility Operations, Regulated Gas Utility Operations, Non-Regulated Energy Operations, Transmission Investments, and All Other. The Regulated Electric Utility Operations segment engages in generating, purchasing, and distributing electricity. The Regulated Gas Utility Operations segment engages in purchasing and distributing natural gas. The Non-Regulated Energy Operations segment engages in owning and leasing electric generating capacity. The Transmission Investments segment represents investment in American Transmission Company LLC, a company engaged in the business of providing electric transmission services primarily in Wisconsin. The All Other segment invests in companies and property that relate to the regulated operations and financing the regulated operations. The company was founded in 2001 and is headquartered in Madison, WI.

Headlines

Morgan Stanley Lowers MGE Energy (NASDAQ:MGEE) Price Target to $73.00
Morgan Stanley Lowers MGE Energy (NASDAQ:MGEE) Price Target to $73.00
September 17, 2021 |  americanbankingnews.com
MGEE Dividend Yield Pushes Above 2%
MGEE Dividend Yield Pushes Above 2%
September 16, 2021 |  nasdaq.com
$0.92 EPS Expected for MGE Energy, Inc. (NASDAQ:MGEE) This Quarter
$0.92 EPS Expected for MGE Energy, Inc. (NASDAQ:MGEE) This Quarter
September 2, 2021 |  americanbankingnews.com
Ex-Dividend Date Insight: MGE Energy
Ex-Dividend Date Insight: MGE Energy
August 30, 2021 |  benzinga.com
EONGY vs. MGEE: Which Stock Is the Better Value Option?
EONGY vs. MGEE: Which Stock Is the Better Value Option?
August 30, 2021 |  finance.yahoo.com
MGE Energy Increases Dividend for 46th Consecutive Year
MGE Energy Increases Dividend for 46th Consecutive Year
August 20, 2021 |  finance.yahoo.com
MGE Energy EPS misses by $0.26, beats on revenue
MGE Energy EPS misses by $0.26, beats on revenue
August 6, 2021 |  seekingalpha.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.28 out of 5 stars

Utilities Sector

41st out of 122 stocks

Electric, Gas & Sanitary Services Industry

2nd out of 4 stocks

Analyst Opinion: 1.0Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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MGE Energy (NASDAQ:MGEE) Frequently Asked Questions

Is MGE Energy a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MGE Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGEE, but not buy additional shares or sell existing shares.
View analyst ratings for MGE Energy
or view top-rated stocks.

What stocks does MarketBeat like better than MGE Energy?

Wall Street analysts have given MGE Energy a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGE Energy wasn't one of them. MarketBeat thinks these five companies 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 Thursday, November 4th 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, August, 5th. The utilities provider reported $0.63 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.01. The utilities provider earned $130.73 million during the quarter. MGE Energy had a net margin of 18.48% and a trailing twelve-month return on equity of 10.66%.
View MGE Energy's earnings history
.

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

MGE Energy's stock was trading at $65.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGEE stock has increased by 16.2% and is now trading at $75.81.
View which stocks have been most impacted by COVID-19
.

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

MGE Energy declared a quarterly dividend on Monday, August 23rd. Stockholders of record on Wednesday, September 1st will be given a dividend of $0.3875 per share on Wednesday, September 15th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 31st. This is an increase from MGE Energy's previous quarterly dividend of $0.37.
View MGE Energy's dividend history
.

Is MGE Energy a good dividend stock?

MGE Energy pays an annual dividend of $1.55 per share and currently has a dividend yield of 2.02%. The dividend payout ratio of MGE Energy is 59.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGE Energy will have a dividend payout ratio of 49.68% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.
View MGE Energy's dividend history.

What price target have analysts set for MGEE?

1 Wall Street analysts have issued twelve-month price objectives for MGE Energy's stock. Their forecasts range from $73.00 to $73.00. On average, they anticipate MGE Energy's share price to reach $73.00 in the next year. This suggests that the stock has a possible downside of 3.7%.
View analysts' price targets for MGE Energy
or view top-rated stocks among Wall Street analysts.

Who are MGE Energy's key executives?

MGE Energy's management team includes the following people:
  • Jeffrey M. Keebler, Chairman, President & Chief Executive Officer
  • Jared J. Bushek, Treasurer, Chief Financial & Information Officer
  • Cari Anne Renlund, Secretary, Vice President & General Counsel
  • Donald D. Peterson, Vice President-Energy Technology
  • Lynn K. Hobbie, Executive VP-Marketing & Communications

What is Gary J. Wolter's approval rating as MGE Energy's CEO?

14 employees have rated MGE Energy CEO Gary J. Wolter on Glassdoor.com. Gary J. Wolter has an approval rating of 93% among MGE Energy's employees. This puts Gary J. Wolter in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 (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).

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.57%), BlackRock Inc. (7.46%), Price T Rowe Associates Inc. MD (4.96%), Victory Capital Management Inc. (2.61%), Goldman Sachs Group Inc. (2.32%) and State Street Corp (2.28%). Company insiders that own MGE Energy stock include Cari Anne Renlund, James G Berbee and James L Possin.
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 BlackRock Inc., California Public Employees Retirement System, JPMorgan Chase & Co., Zimmer Partners LP, Dimensional Fund Advisors LP, Bank of America Corp DE, Nisa Investment Advisors LLC, and Renaissance Technologies LLC.
View insider buying and selling activity for MGE Energy
or view top insider-selling stocks.

Which institutional investors are buying MGE Energy stock?

MGEE stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Victory Capital Management Inc., Morgan Stanley, Morgan Stanley, State Street Corp, Geode Capital Management LLC, Vanguard Group Inc., and Price T Rowe Associates Inc. MD. Company insiders that have bought MGE Energy stock in the last two years include Cari Anne Renlund, James G Berbee, and James L Possin.
View insider buying and selling activity for MGE Energy
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGE Energy's stock price today?

One share of MGEE stock can currently be purchased for approximately $75.81.

How much money does MGE Energy make?

MGE Energy has a market capitalization of $2.74 billion and generates $538.63 million in revenue each year. The utilities provider earns $92.42 million in net income (profit) each year or $2.60 on an earnings per share basis.

How many employees does MGE Energy have?

MGE Energy employs 723 workers across the globe.

What is MGE Energy's official website?

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

Where are MGE Energy's headquarters?

MGE Energy is headquartered at 133 SOUTH BLAIR STREET, MADISON WI, 53701.

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 9/20/2021 by MarketBeat.com Staff
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