NASDAQ:MGEEMGE Energy Stock Price, Forecast & News

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 shares have increased by 4.0% and is now trading at $67.89. View which stocks have been most impacted by Coronavirus.

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.

MGE Energy is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for MGE Energy.

MGE Energy, Inc. (NASDAQ:MGEE) announced its earnings results on Wednesday, August, 7th. The utilities provider reported $0.45 EPS for the quarter. The utilities provider earned $122.15 million during the quarter. MGE Energy had a net margin of 16.13% and a return on equity of 10.43%. View MGE Energy's earnings history.

MGE Energy announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 1st will be given a dividend of $0.352 per share on Monday, June 15th. This represents a $1.41 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, May 29th. View MGE Energy's dividend history.

1 brokerages have issued 12-month target prices for MGE Energy's shares. 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 year. This suggests that the stock has a possible downside of 16.0%. View analysts' price targets for MGE Energy.

News headlines about MGEE stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGE Energy earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutMGE Energy.

MGE Energy saw a decrease in short interest in May. As of May 15th, there was short interest totaling 275,700 shares, a decrease of 5.7% from the April 30th total of 292,500 shares. Based on an average trading volume of 147,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the company's stock are short sold. View MGE Energy's Current Options Chain.

Some companies that are related to MGE Energy include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), FirstEnergy (FE), PPL (PPL), Edison International (EIX), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA) and Hawaiian Electric Industries (HE). View all competitors.

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).

MGE Energy trades on the NASDAQ under the ticker symbol "MGEE."

MGE Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.25%), State Street Corp (2.54%), Victory Capital Management Inc. (2.20%), Victory Capital Management Inc. (2.20%), Silvercrest Asset Management Group LLC (1.68%) and Geode Capital Management LLC (1.49%). 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.

MGEE stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Invesco Ltd., Morgan Stanley, Morgan Stanley, BlackRock Inc., State Street Corp, UBS Group AG, and Jane Street Group LLC. View insider buying and selling activity for MGE Energy.

MGEE stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Geode Capital Management LLC, AQR Capital Management LLC, Federated Hermes Inc., Advisor Group Holdings Inc., Thrivent Financial for Lutherans, Legal & General Group Plc, and Royal London Asset Management Ltd.. 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.

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.

One share of MGEE stock can currently be purchased for approximately $67.89.

MGE Energy has a market capitalization of $2.35 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]