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NASDAQ:MGEEMGE Energy Stock Price, Forecast & News

$67.44
+0.31 (+0.46 %)
(As of 08/13/2020 04:00 PM ET)
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Today's Range
$67.26
Now: $67.44
$68.27
50-Day Range
$62.03
MA: $65.29
$67.96
52-Week Range
$47.19
Now: $67.44
$83.26
Volume63,700 shs
Average Volume131,014 shs
Market Capitalization$2.44 billion
P/E Ratio25.55
Dividend Yield2.09%
Beta0.44
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, natural gas, and renewable energy sources, as well as purchases power under short and long-term commitments. As of February 22, 2019, the company distributed electricity to 153,000 customers in Dane County, Wisconsin, including the City of Madison; and purchased and distributed natural gas to 161,000 customers in seven south-central and western Wisconsin counties. MGE Energy, Inc. was founded in 1855 and is based in Madison, Wisconsin.
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MGE Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.5Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.57 out of 5 stars


Industry, Sector and Symbol

Industry Electric, gas & sanitary services
Sub-IndustryElectric Utilities
SectorUtilities
Current SymbolNASDAQ:MGEE
CUSIP55277P10
Phone608-252-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$568.85 million
Cash Flow$4.55 per share
Book Value$24.68 per share

Profitability

Net Income$86.87 million

Miscellaneous

EmployeesN/A
Market Cap$2.44 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$67.44
+0.31 (+0.46 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGE Energy (NASDAQ:MGEE) Frequently Asked Questions

How has MGE Energy's stock price 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 stock has increased by 3.4% and is now trading at $67.44.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of MGE Energy?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell."
View analyst ratings for MGE Energy
.

When is MGE Energy's next earnings date?

MGE Energy is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for MGE Energy
.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) posted its quarterly earnings results on Thursday, August, 6th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.05. MGE Energy had a net margin of 16.88% and a return on equity of 10.73%.
View MGE Energy's earnings history
.

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

MGE Energy declared a quarterly dividend on Monday, July 20th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.37 per share on Tuesday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from MGE Energy's previous quarterly dividend of $0.35.
View MGE Energy's dividend history
.

What price target have analysts set for MGEE?

1 Wall Street analysts have issued 1 year price objectives for MGE Energy's stock. Their forecasts range from $57.00 to $57.00. On average, they expect MGE Energy's share price to reach $57.00 in the next twelve months. This suggests that the stock has a possible downside of 15.5%.
View analysts' price targets for MGE Energy
.

Has MGE Energy been receiving favorable news coverage?

Headlines about MGEE stock have trended positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MGE Energy earned a news impact score of 2.7 on InfoTrie's scale. They also assigned headlines about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about MGE Energy
.

Are investors shorting MGE Energy?

MGE Energy saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 352,900 shares, an increase of 37.3% from the June 15th total of 257,000 shares. Based on an average daily volume of 148,800 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.0% of the shares of the company are sold short.
View MGE Energy's Short Interest
.

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 American Electric Power (AEP), IBM (IBM), AT&T (T), WEC Energy Group (WEC), Exxon Mobil (XOM), KEMET (KEM), Medtronic (MDT), Metlife (MET), Marathon Petroleum (MPC) and Verizon Communications (VZ).

Who are MGE Energy's key executives?

MGE Energy's management team includes the following people:
  • Mr. Jeffrey M. Keebler, Pres, CEO & Chairman (Age 47)
  • Mr. Jeffrey C. Newman, Exec. VP, CFO Sec. & Treasurer (Age 56)
  • Mr. Ken Frassetto, Director - Shareholder Services and Treasury Management

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 institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (2.16%), Victory Capital Management Inc. (1.63%), Goldman Sachs Group Inc. (1.09%), Bank of New York Mellon Corp (0.73%), Royal London Asset Management Ltd. (0.63%) and Swiss National Bank (0.22%). Company insiders that own MGE Energy stock include Cari Anne Renlund, James G Berbee, Jeffrey M Keebler and Marcia M Anderson.
View institutional ownership trends for MGE Energy
.

Which institutional investors are selling MGE Energy stock?

MGEE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., SG Americas Securities LLC, North Star Investment Management Corp., Independent Advisor Alliance, Amalgamated Bank, UBS Group AG, Nisa Investment Advisors LLC, and Hennessy Advisors Inc..
View insider buying and selling activity for MGE Energy
.

Which institutional investors are buying MGE Energy stock?

MGEE stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Goldman Sachs Group Inc., Royal London Asset Management Ltd., Swiss National Bank, Marshall Wace LLP, TD Asset Management Inc., Bank of New York Mellon Corp, and Trexquant Investment LP. Company insiders that have bought MGE Energy stock in the last two years include Cari Anne Renlund, James G Berbee, Jeffrey M Keebler, and Marcia M Anderson.
View insider buying and selling activity for MGE Energy
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is MGE Energy's stock price today?

One share of MGEE stock can currently be purchased for approximately $67.44.

How big of a company is MGE Energy?

MGE Energy has a market capitalization of $2.44 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.

What is MGE Energy's official website?

The official website for MGE Energy is www.mgeenergy.com.

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 8/14/2020 by MarketBeat.com Staff

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