MGE Energy Stock Forecast, Price & News

1 Wall Street research 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 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.
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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.
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MGE Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for MGE Energy.

MGE Energy, Inc. (NASDAQ:MGEE) announced its earnings results on Thursday, August, 5th. The utilities provider reported $0.63 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.01. The utilities provider earned $130.73 million during the quarter. MGE Energy had a net margin of 18.48% and a trailing twelve-month return on equity of 10.66%.
View MGE Energy's earnings history.

MGE Energy's stock was trading at $65.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGEE stock has increased by 16.2% and is now trading at $75.81.
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MGE Energy declared a quarterly dividend on Monday, August 23rd. Stockholders of record on Wednesday, September 1st will be given a dividend of $0.3875 per share on Wednesday, September 15th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 31st. This is an increase from MGE Energy's previous quarterly dividend of $0.37.
View MGE Energy's dividend history.

MGE Energy pays an annual dividend of $1.55 per share and currently has a dividend yield of 2.02%. The dividend payout ratio of MGE Energy is 59.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGE Energy will have a dividend payout ratio of 49.68% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.
View MGE Energy's dividend history.

1 Wall Street analysts have issued twelve-month price objectives for MGE Energy's stock. Their forecasts range from $73.00 to $73.00. On average, they anticipate MGE Energy's share price to reach $73.00 in the next year. This suggests that the stock has a possible downside of 3.7%.
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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.

Some companies that are related to MGE Energy include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), PPL (PPL), Entergy (ETR), Edison International (EIX), FirstEnergy (FE), 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."

MGE Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.57%), BlackRock Inc. (7.46%), Price T Rowe Associates Inc. MD (4.96%), Victory Capital Management Inc. (2.61%), Goldman Sachs Group Inc. (2.32%) and State Street Corp (2.28%). 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.

MGEE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., California Public Employees Retirement System, JPMorgan Chase & Co., Zimmer Partners LP, Dimensional Fund Advisors LP, Bank of America Corp DE, Nisa Investment Advisors LLC, and Renaissance Technologies LLC.
View insider buying and selling activity for MGE Energy or view top insider-selling stocks.

MGEE stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Victory Capital Management Inc., Morgan Stanley, Morgan Stanley, State Street Corp, Geode Capital Management LLC, Vanguard Group Inc., and Price T Rowe Associates Inc. MD. Company insiders that have bought MGE Energy stock in the last two years include Cari Anne Renlund, James G Berbee, and James L Possin.
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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 $75.81.

MGE Energy has a market capitalization of $2.74 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.

MGE Energy employs 723 workers across the globe.

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

MGE Energy is headquartered at 133 SOUTH BLAIR STREET, MADISON WI, 53701.

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].