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 year. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" MGE Energy stock.
View analyst ratings for MGE Energy or view top-rated stocks.

1 brokers have issued 12 month target prices for MGE Energy's stock. Their MGEE stock forecasts range from $71.00 to $74.00. On average, they predict MGE Energy's share price to reach $72.50 in the next year. This suggests that the stock has a possible downside of 9.0%.
View analysts' price targets for MGE Energy 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 3.1% and is now trading at $79.70.
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MGE Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for MGE Energy.

MGE Energy, Inc. (NASDAQ:MGEE) released its quarterly earnings results on Thursday, May, 5th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by $0.02. The utilities provider earned $208.94 million during the quarter, compared to analysts' expectations of $182 million. MGE Energy had a trailing twelve-month return on equity of 10.24% and a net margin of 16.25%.
View MGE Energy's earnings history.

MGE Energy announced a quarterly dividend on Tuesday, May 17th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.387 per share on Wednesday, June 15th. This represents a $1.55 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Tuesday, May 31st.
View MGE Energy's dividend history.

MGE Energy(NASDAQ:MGEE) pays an annual dividend of $1.55 per share and currently has a dividend yield of 1.94%. MGE Energy has been increasing its dividend for 47 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of MGE Energy is 53.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGE Energy will have a dividend payout ratio of 46.69% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.
View MGE Energy's dividend history.

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), Southern (SO), Eversource Energy (ES), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), PPL (PPL), 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."

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 $79.70.

MGE Energy (NASDAQ:MGEE) has a market capitalization of $2.88 billion and generates $606.58 million in revenue each year. The utilities provider earns $105.76 million in net income (profit) each year or $2.909990 on an earnings per share basis.

MGE Energy employs 723 workers across the globe.

MGE Energy's mailing address is 133 SOUTH BLAIR STREET, MADISON WI, 53701. The official website for MGE Energy 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.