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MSFT   267.56 (+4.20%)
META   191.62 (+2.99%)
GOOGL   107.64 (+4.61%)
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TSLA   196.81 (+1.05%)
NVDA   221.73 (+5.14%)
NIO   10.92 (-0.09%)
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DIS   111.63 (+1.60%)
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NFLX   362.95 (+0.41%)
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DOW   34,156.69 (+0.78%)
QQQ   309.88 (+2.07%)
AAPL   154.65 (+1.92%)
MSFT   267.56 (+4.20%)
META   191.62 (+2.99%)
GOOGL   107.64 (+4.61%)
AMZN   102.11 (-0.07%)
TSLA   196.81 (+1.05%)
NVDA   221.73 (+5.14%)
NIO   10.92 (-0.09%)
BABA   105.50 (+0.05%)
AMD   85.91 (+2.66%)
T   19.25 (-1.69%)
F   13.45 (+2.36%)
MU   62.13 (+3.58%)
CGC   2.82 (-4.41%)
GE   82.11 (-0.29%)
DIS   111.63 (+1.60%)
AMC   6.18 (-9.12%)
PFE   43.59 (-0.39%)
PYPL   83.23 (+1.09%)
NFLX   362.95 (+0.41%)
NASDAQ:MGEE

MGE Energy - MGEE Stock Forecast, Price & News

$73.24
-0.38 (-0.52%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$72.10
$73.48
50-Day Range
$69.27
$74.77
52-Week Range
$61.67
$86.27
Volume
77,777 shs
Average Volume
68,559 shs
Market Capitalization
$2.65 billion
P/E Ratio
25.79
Dividend Yield
2.21%
Price Target
$68.00

MGE Energy MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
7.2% Downside
$68.00 Price Target
Short Interest
Healthy
0.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
1.49mentions of MGE Energy in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.46%
From $3.14 to $3.50 Per Share

Overall MarketRank

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

2.16 out of 5 stars

Utilities Sector

53rd out of 84 stocks

Electric, Gas & Sanitary Services Industry

2nd out of 3 stocks

MGEE stock logo

About MGE Energy (NASDAQ:MGEE) Stock

MGE Energy, Inc. provides natural gas and electric services. The firm operates its business through 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 engages in generating, purchasing, and distributing electricity. The Regulated Gas Utility Operations segment engages in purchasing and distributing natural gas. The Non-Regulated Energy Operations segment engages in 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

MGE Energy (NASDAQ:MGEE) PT Raised to $68.00 at Morgan Stanley
Morgan Stanley Reaffirms Their Sell Rating on MGE Energy (MGEE)
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
What 4 Analyst Ratings Have To Say About MGE Energy
MGE Energy declares $0.4075 dividend
MGE Energy Issues December 2022 'Interim Report'
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
MGE Energy: Betting Strongly On Renewables
AEP vs. MGEE: Which Stock Is the Better Value Option?
Expert Ratings for MGE Energy
MGE Energy Reports Third-Quarter 2022 Earnings
AEP or MGEE: Which Is the Better Value Stock Right Now?
MGE Energy Issues October 2022 'Inside View'
MGE Energy Issues September 2022 'Interim Report'
MGE Energy, Inc.
MGE Energy: Dividend Insights
See More Headlines
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MGEE Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Today
2/07/2023
Next Earnings (Estimated)
2/22/2023
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
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
$68.00
High Stock Price Forecast
$68.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
-7.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$105.76 million
Pretax Margin
18.05%

Debt

Sales & Book Value

Annual Sales
$606.58 million
Cash Flow
$5.03 per share
Book Value
$28.41 per share

Miscellaneous

Free Float
36,109,000
Market Cap
$2.65 billion
Optionable
Optionable
Beta
0.71

Key Executives

  • Jeffrey M. Keebler
    Chairman, President & Chief Executive Officer
  • James Lorenz
    Vice President-Energy Operations
  • Jared J. Bushek
    Chief Information Officer, VP-Finance & Treasurer
  • Donald D. Peterson
    Vice President-Technology
  • Cari Anne Renlund
    Secretary, Vice President & General Counsel













MGEE Stock - Frequently Asked Questions

Should I buy or sell MGE Energy stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street 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 analysts have issued 1 year target prices for MGE Energy's shares. Their MGEE share price forecasts range from $68.00 to $68.00. On average, they expect the company's stock price to reach $68.00 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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 beginning of 2023. Since then, MGEE stock has increased by 3.7% and is now trading at $73.00.
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 Wednesday, February 22nd 2023.
View our MGEE earnings forecast
.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) issued its earnings results on Thursday, November, 4th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The utilities provider earned $145.87 million during the quarter. MGE Energy had a trailing twelve-month return on equity of 9.79% and a net margin of 14.99%.

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

MGE Energy announced a quarterly dividend on Friday, January 20th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.407 per share on Wednesday, March 15th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, February 28th.
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 2.21%. 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 57.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 46.57% 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 variety of institutional and retail investors. Top institutional investors include State of New Jersey Common Pension Fund D (0.13%), New York State Common Retirement Fund (0.07%), CWM LLC (0.06%), Goldstein Advisors LLC (0.06%), TD Asset Management Inc (0.05%) and Allspring Global Investments Holdings LLC (0.04%). 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 $73.00.

How much money does MGE Energy make?

MGE Energy (NASDAQ:MGEE) has a market capitalization of $2.64 billion and generates $606.58 million in revenue each year. The utilities provider earns $105.76 million in net income (profit) each year or $2.84 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 2/7/2023 by MarketBeat.com Staff