MGE Energy Stock Forecast, Price & News

MGE Energy's stock was trading at $65.25 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGEE shares have increased by 2.4% and is now trading at $66.83.
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2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research 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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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.

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 quarterly earnings results on Thursday, November, 5th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $0.01. The utilities provider had revenue of $135.21 million for the quarter. MGE Energy had a net margin of 17.18% and a trailing twelve-month return on equity of 10.21%.
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 paid a dividend of $0.37 per share on Monday, March 15th. This represents a $1.48 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date 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 2.24%. 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 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 brokerages have issued 12 month price targets for MGE Energy's stock. Their forecasts range from $57.00 to $65.00. On average, they expect MGE Energy's share price to reach $61.00 in the next twelve months. This suggests that the stock has a possible downside of 8.7%.
View analysts' price targets for MGE Energy or view Wall Street analyst' top-rated stocks.

MGE Energy saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 239,800 shares, a decrease of 22.2% from the December 15th total of 308,100 shares. Based on an average trading volume of 102,600 shares, the short-interest 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), Portland General Electric (POR), Hawaiian Electric Industries (HE) and ALLETE (ALE).
View all of MGEE's competitors.

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 variety of retail and institutional investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.07%), Hennessy Advisors Inc. (0.06%), Redpoint Investment Management Pty Ltd (0.02%), Thompson Investment Management Inc. (0.02%), International Assets Investment Management LLC (0.00%) and IFP Advisors Inc (0.00%). 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 Hennessy Advisors Inc., Redpoint Investment Management Pty Ltd, Thompson Investment Management Inc., Nisa Investment Advisors LLC, and IFP Advisors Inc.
View insider buying and selling activity for MGE Energy or view top insider-selling stocks.

MGEE stock was acquired by a variety of institutional investors in the last quarter, including International Assets Investment Management LLC. Company insiders that have bought MGE Energy stock in the last two years include Cari Anne Renlund, James G Berbee, James L Possin, Jeffrey M Keebler, and Marcia M Anderson.
View insider buying and selling activity for MGE Energy or or view top insider-buying 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 $66.83.

MGE Energy has a market capitalization of $2.42 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]