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GOOGL   123.22 (-0.36%)
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BABA   78.16 (-0.65%)
AMD   119.62 (-4.51%)
T   15.79 (+0.96%)
F   12.02 (-4.53%)
MU   68.19 (-4.88%)
CGC   0.81 (-4.85%)
GE   100.04 (-2.30%)
DIS   87.30 (-0.59%)
AMC   4.45 (-3.89%)
PFE   37.60 (+1.59%)
PYPL   61.46 (-0.95%)
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NASDAQ:MGEE

MGE Energy (MGEE) Stock Forecast, Price & News

$72.17
+0.11 (+0.15%)
(As of 12:06 PM ET)
Compare
Today's Range
$71.59
$72.22
50-Day Range
$72.06
$79.31
52-Week Range
$61.67
$86.27
Volume
10,472 shs
Average Volume
77,122 shs
Market Capitalization
$2.61 billion
P/E Ratio
24.30
Dividend Yield
2.26%
Price Target
$72.00

MGE Energy MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
0.1% Downside
$72.00 Price Target
Short Interest
Healthy
0.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
1.21mentions of MGE Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$84,968 Bought Last Quarter
Proj. Earnings Growth
6.82%
From $3.37 to $3.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Utilities Sector

66th out of 84 stocks

Electric, Gas & Sanitary Services Industry

2nd out of 4 stocks


MGEE stock logo

About MGE Energy (NASDAQ:MGEE) Stock

MGE Energy, Inc. engages in the provision of natural gases and electric services. It operates though the following segments: Regulated Electric Utility Operations, Regulated Gas Utility Operations, Non-Regulated Energy Operations, Transmission Investments, and All Other. The Regulated Electric Utility Operations segment involves generating, purchasing, and distributing electricity. The Regulated Gas Utility Operations segment includes purchasing and distributing natural gas. The Non-Regulated Energy Operations segment offers owning and leasing electric generating capacity. The Transmission Investments segment represents investment in American Transmission Company LLC, a company engaged in the business of providing electric transmission services primarily in Wisconsin. The All Other segment invests in companies and property that relate to the regulated operations and financing the regulated operations. The company was founded in 2001 and is headquartered in Madison, WI.

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MGEE Stock News Headlines

MGEE - MGE Energy, Inc.
MGE Energy, Inc. (MGEE) To Go Ex-Dividend on May 31st
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
The Latest Analyst Ratings for MGE Energy
AI Getting Close to Thinking Like Humans
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
MGE Energy Reports First-Quarter 2023 Earnings
MGE Energy (NASDAQ:MGEE) Price Target Raised to $72.00
MGE Energy, Inc. (NASDAQ:MGEE) Short Interest Up 7.4% in March
MGE Energy (NASDAQ:MGEE) Shares Up 2.5%
MGEE MGE Energy, Inc.
See More Headlines
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MGEE Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Today
5/31/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric, gas & sanitary services
Sub-Industry
Electric Utilities
Sector
Utilities
Current Symbol
NASDAQ:MGEE
CUSIP
55277P10
Employees
723
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.00
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
-0.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$110.95 million
Pretax Margin
18.37%

Debt

Sales & Book Value

Annual Sales
$714.52 million
Cash Flow
$5.39 per share
Book Value
$29.91 per share

Miscellaneous

Free Float
36,080,000
Market Cap
$2.61 billion
Optionable
Optionable
Beta
0.72

Key Executives

  • Jeffrey M. Keebler
    Chairman, President & Chief Executive Officer
  • James J. Lorenz
    Vice President-Energy Operations
  • Jared J. Bushek
    Chief Financial Officer, Treasurer & VP
  • Bryan R. Sullivan
    Chief Information Officer & Assistant VP
  • Tamara J. Johnson
    Chief Accounting Officer, VP & Controller













MGEE Stock - Frequently Asked Questions

Should I buy or sell MGE Energy stock right now?

1 Wall Street 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 research analysts is that investors should "sell" MGEE shares.
View MGEE analyst ratings
or view top-rated stocks.

What is MGE Energy's stock price forecast for 2023?

1 brokerages have issued 1 year price targets for MGE Energy's shares. Their MGEE share price forecasts range from $72.00 to $72.00. On average, they expect the company's stock price to reach $72.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
View analysts price targets for MGEE
or view top-rated stocks among Wall Street analysts.

How have MGEE shares performed in 2023?

MGE Energy's stock was trading at $70.40 at the start of the year. Since then, MGEE stock has increased by 2.4% and is now trading at $72.06.
View the best growth stocks for 2023 here
.

When is MGE Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our MGEE earnings forecast
.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) posted its quarterly earnings data on Thursday, November, 4th. The utilities provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The utilities provider had revenue of $145.87 million for the quarter. MGE Energy had a net margin of 14.89% and a trailing twelve-month return on equity of 9.98%.

How often does MGE Energy pay dividends? What is the dividend yield for MGE Energy?

MGE Energy declared a quarterly dividend on Tuesday, May 16th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.4075 per share on Thursday, June 15th. This represents a $1.63 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Wednesday, May 31st. This is a boost from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for MGEE
.

Is MGE Energy a good dividend stock?

MGE Energy (NASDAQ:MGEE) pays an annual dividend of $1.63 per share and currently has a dividend yield of 2.24%. The company 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 is 54.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 45.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGEE.

What is Gary J. Wolter's approval rating as MGE Energy's CEO?

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.

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 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.71%), Victory Capital Management Inc. (3.00%), State Street Corp (2.69%), Dimensional Fund Advisors LP (2.08%), Geode Capital Management LLC (1.99%) and Gabelli Funds LLC (1.10%). 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
.

How do I buy shares of MGE Energy?

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.
Compare Top Brokerages Here.

What is MGE Energy's stock price today?

One share of MGEE stock can currently be purchased for approximately $72.06.

How much money does MGE Energy make?

MGE Energy (NASDAQ:MGEE) has a market capitalization of $2.61 billion and generates $714.52 million in revenue each year. The utilities provider earns $110.95 million in net income (profit) each year or $2.97 on an earnings per share basis.

How many employees does MGE Energy have?

The company employs 723 workers across the globe.

How can I contact MGE Energy?

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.

This page (NASDAQ:MGEE) was last updated on 5/31/2023 by MarketBeat.com Staff

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