MGE Energy Stock Forecast, Price & News

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 shares have increased by 1.2% and is now trading at $66.05.
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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. The consensus among Wall Street 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 MarketBeat's top 5 stock picks.

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 past winning trading ideas 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.
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1,428 employees have rated MGE Energy CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among MGE Energy's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

MGE Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for MGE Energy.

MGE Energy, Inc. (NASDAQ:MGEE) released its earnings results on Thursday, November, 5th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.01. The utilities provider earned $135.21 million during the quarter. MGE Energy had a return on equity of 10.21% and a net margin of 17.18%.
View MGE Energy's earnings history.

MGE Energy announced a quarterly dividend on Friday, January 15th. Shareholders of record on Monday, March 1st will be given a dividend of $0.37 per share on Monday, March 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, February 26th.
View MGE Energy's dividend history.

MGE Energy pays an annual dividend of $1.48 per share and currently has a dividend yield of 2.23%. MGE Energy has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of MGE Energy is 58.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGE Energy will have a dividend payout ratio of 51.57% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.
View MGE Energy's dividend history.

2 brokers have issued 12-month price targets for MGE Energy's shares. Their forecasts range from $57.00 to $65.00. On average, they expect MGE Energy's stock price to reach $61.00 in the next year. This suggests that the stock has a possible downside of 7.6%.
View analysts' price targets for MGE Energy or view Wall Street analyst' top-rated stocks.

MGE Energy saw a drop in short interest during the month of December. As of December 31st, there was short interest totaling 239,800 shares, a drop of 22.2% from the December 15th total of 308,100 shares. Based on an average daily volume of 102,600 shares, the days-to-cover ratio is currently 2.3 days.
View MGE Energy's Short Interest.

Some companies that are related to MGE Energy include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), Edison International (EIX), PPL (PPL), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), PNM Resources (PNM), Hawaiian Electric Industries (HE), Portland General Electric (POR) 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 Redpoint Investment Management Pty Ltd (0.02%) and Thompson Investment Management Inc. (0.02%). 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.

MGEE stock was sold by a variety of institutional investors in the last quarter, including Redpoint Investment Management Pty Ltd, and Thompson Investment Management Inc..
View insider buying and selling activity for MGE Energy or view top insider-selling stocks.

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.

One share of MGEE stock can currently be purchased for approximately $66.05.

MGE Energy has a market capitalization of $2.39 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.

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

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]