MGE Energy - MGEE 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 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" MGEE shares.
View MGEE analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 12-month price objectives for MGE Energy's stock. Their MGEE share price forecasts range from $63.00 to $71.00. On average, they predict the company's stock price to reach $67.00 in the next year. This suggests that the stock has a possible downside of 5.3%.
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 start of the year. Since then, MGEE shares have decreased by 13.9% and is now trading at $70.78.
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MGE Energy saw a drop in short interest in November. As of November 15th, there was short interest totaling 221,800 shares, a drop of 25.0% from the October 31st total of 295,800 shares. Based on an average trading volume of 90,000 shares, the short-interest ratio is presently 2.5 days. Currently, 0.6% of the shares of the stock are short sold.
View MGE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our MGEE earnings forecast.

MGE Energy, Inc. (NASDAQ:MGEE) announced its quarterly earnings data on Thursday, November, 4th. The utilities provider reported $0.97 earnings per share (EPS) 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 trailing twelve-month return on equity of 9.79% and a net margin of 14.99%.

MGE Energy declared a quarterly dividend on Friday, October 21st. Stockholders of record on Thursday, December 1st will be given a dividend of $0.407 per share on Thursday, December 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, November 30th.
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 2.29%. 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 57.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 49.70% 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.07%), BlackRock Inc. (7.46%), Victory Capital Management Inc. (3.13%), State Street Corp (2.73%), Dimensional Fund Advisors LP (2.07%) and Bank of New York Mellon Corp (0.97%). 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 $70.78.

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 $2.84 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.