NASDAQ:MGEE

MGE Energy Stock Forecast, Price & News

$78.07
+1.30 (+1.69 %)
(As of 07/27/2021 12:00 AM ET)
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Today's Range
$76.57
$78.21
50-Day Range
$73.87
$78.07
52-Week Range
$59.70
$78.90
Volume82,016 shs
Average Volume90,932 shs
Market Capitalization$2.82 billion
P/E Ratio27.68
Dividend Yield1.93%
Beta0.56
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About MGE Energy

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources, as well as purchases power under short and long-term commitments. As of February 24, 2021, the company generated and distributed electricity to 157,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 166,000 customers in seven south-central and western Wisconsin counties. MGE Energy, Inc. was founded in 1855 and is headquartered in Madison, Wisconsin.

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MarketRank

Overall MarketRank

2.53 out of 5 stars

Utilities Sector

43rd out of 290 stocks

Electric, Gas & Sanitary Services Industry

2nd out of 5 stocks

Analyst Opinion: 1.0Community Rank: 3.1Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 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 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 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, August 5th 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, May, 6th. The utilities provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates 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
.

How has MGE Energy's stock been impacted by Coronavirus?

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 19.6% and is now trading at $78.07.
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 Wednesday, May 19th. Shareholders of record on Tuesday, June 1st will be paid a dividend of $0.37 per share on Tuesday, June 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, May 28th.
View MGE Energy's dividend history
.

Is MGE Energy a good dividend stock?

MGE Energy pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.93%. 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 47.44% 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 analysts have issued 1-year target prices for MGE Energy's stock. Their forecasts range from $71.00 to $71.00. On average, they anticipate MGE Energy's share price to reach $71.00 in the next year. This suggests that the stock has a possible downside of 9.1%.
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:
  • Mr. Jeffrey M. Keebler, Pres, CEO & Chairman (Age 49, Pay $1.06M)
  • Mr. Jared Joseph Bushek, CFO, VP of Fin., Chief Information Officer & Treasurer (Age 40, Pay $415.38k)
  • Ms. Tamara Jean Johnson, Chief Accounting Officer, VP of Accounting & Controller (Age 56, Pay $368.51k)
  • Ms. Cari Anne Renlund, VP, Gen. Counsel & Sec. (Age 47, Pay $512.69k)
  • Ms. Lynn K. Hobbie, Exec. VP of Marketing & Communications (Age 62, Pay $516.96k)
  • Mr. Ken Frassetto, Director - Shareholder Services and Treasury Management
  • Mr. Marshall S. Heyworth, Assistant VP of HR (Age 64)

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 many different retail and institutional investors. Top institutional shareholders include Madison Wealth Partners Inc (0.08%). 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 buying MGE Energy stock?

MGEE stock was purchased by a variety of institutional investors in the last quarter, including Madison Wealth Partners Inc. 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 $78.07.

How much money does MGE Energy make?

MGE Energy has a market capitalization of $2.82 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.

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 7/28/2021 by MarketBeat.com Staff
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