MGE Energy Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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.
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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.
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MGE Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for MGE Energy.

MGE Energy, Inc. (NASDAQ:MGEE) announced its earnings results on Thursday, May, 6th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.81 by $0.16. The utilities provider earned $167.92 million during the quarter. MGE Energy had a net margin of 18.20% and a trailing twelve-month return on equity of 10.39%.
View MGE Energy's earnings history.

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 14.0% and is now trading at $74.39.
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MGE Energy declared a quarterly dividend on Wednesday, May 19th. Stockholders of record on Tuesday, June 1st will be given a dividend of $0.37 per share on Tuesday, June 15th. This represents a $1.48 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, May 28th.
View MGE Energy's dividend history.

MGE Energy pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.95%. MGE Energy has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of MGE Energy is 56.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGE Energy will have a dividend payout ratio of 46.54% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.
View MGE Energy's dividend history.

1 Wall Street analysts have issued twelve-month price objectives for MGE Energy's shares. Their forecasts range from $73.00 to $73.00. On average, they anticipate MGE Energy's stock price to reach $73.00 in the next year. This suggests that the stock has a possible downside of 1.9%.
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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.

Some companies that are related to MGE Energy include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), PPL (PPL), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE), Portland General Electric (POR), PNM Resources (PNM) and ALLETE (ALE).
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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).

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. (7.82%), Price T Rowe Associates Inc. MD (4.88%), Dimensional Fund Advisors LP (2.16%), Victory Capital Management Inc. (2.07%), Goldman Sachs Group Inc. (1.70%) and Geode Capital Management LLC (1.69%). 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.

MGEE stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Zimmer Partners LP, Morgan Stanley, Dimensional Fund Advisors LP, Northern Trust Corp, Great West Life Assurance Co. Can, Credit Suisse AG, and Victory Capital Management Inc..
View insider buying and selling activity for MGE Energy or view top insider-selling stocks.

MGEE stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlackRock Inc., Geode Capital Management LLC, Russell Investments Group Ltd., Goldman Sachs Group Inc., Barclays PLC, Royal London Asset Management Ltd., and Commonwealth of Pennsylvania Public School Empls Retrmt SYS. Company insiders that have bought MGE Energy stock in the last two years include Cari Anne Renlund, James G Berbee, and James L Possin.
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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.
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One share of MGEE stock can currently be purchased for approximately $74.39.

MGE Energy has a market capitalization of $2.69 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.

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

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

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]