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 target for 2024?

1 brokerages have issued 12 month price objectives for MGE Energy's stock. Their MGEE share price targets range from $62.00 to $62.00. On average, they predict the company's share price to reach $62.00 in the next year. This suggests that the stock has a possible downside of 18.3%. View analysts price targets for MGEE or view top-rated stocks among Wall Street analysts .

How have MGEE shares performed in 2024?

MGE Energy's stock was trading at $72.31 at the start of the year. Since then, MGEE shares have increased by 4.9% and is now trading at $75.85. View the best growth stocks for 2024 here .

Are investors shorting MGE Energy?

MGE Energy saw a increase in short interest in March. As of March 31st, there was short interest totaling 2,090,000 shares, an increase of 93.5% from the March 15th total of 1,080,000 shares. Based on an average daily trading volume, of 412,000 shares, the days-to-cover ratio is currently 5.1 days. Approximately 5.8% of the shares of the company are sold short. View MGE Energy's Short Interest .

When is MGE Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our MGEE earnings forecast .

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) announced its quarterly earnings results on Wednesday, February, 21st. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.06. The utilities provider earned $164.65 million during the quarter, compared to analyst estimates of $190.55 million. MGE Energy had a net margin of 17.05% and a trailing twelve-month return on equity of 10.49%.

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

MGE Energy declared a quarterly dividend on Friday, January 19th. Stockholders of record on Friday, March 1st will be given a dividend of $0.428 per share on Friday, March 15th. This represents a $1.71 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, February 29th. Read our dividend analysis for MGEE .

Is MGE Energy a good dividend stock?

MGE Energy (NASDAQ:MGEE) pays an annual dividend of $1.71 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 42.75% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MGEE .

What ETFs hold MGE Energy's stock?

ETFs with the largest weight of MGE Energy (NASDAQ:MGEE) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) , VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) , Vanguard U.S. Minimum Volatility ETF (VFMV) , WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) , iShares U.S. Infrastructure ETF (IFRA) , VictoryShares US Small Cap Volatility Wtd (CSA) , VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and Avantis U.S. Small Cap Equity ETF (AVSC) .

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) .

Who are MGE Energy's major shareholders?

MGE Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.03%). Insiders that own company stock include James G Berbee, James G Berbee , James Jerome Lorenz, James L Possin and Scott Robert Smith. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MGEE

MGE Energy (MGEE) Stock Price, News & Analysis

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$75.85

+0.66 (+0.88%)

(As of 04/18/2024 ET)

Compare

Today's Range: $75.17
▼
$76.04
50-Day Range: $63.19
▼
$80.87
52-Week Range: $61.94
▼
$83.27

Volume: 171,349 shs
Average Volume: 379,250 shs
Market Capitalization: $2.74 billion

P/E Ratio: 23.34
Dividend Yield: 2.25%
Price Target: $62.00

Get MGE Energy alerts:

MGE Energy MarketRank™ Stock Analysis

Analyst Rating: Sell
1.00 Rating Score
Upside/Downside: 18.3% Downside
$62.00 Price Target
Short Interest: Bearish
5.79% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -3.39
Upright™ Environmental Score
News Sentiment: 0.47
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$37,629 Bought Last Quarter
Proj. Earnings Growth: 8.70%
From $3.68 to $4.00 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.95 out of 5 stars

Utilities Sector

58th out of 90 stocks

Electric, Gas & Sanitary Services Industry

1st out of 2 stocks

0.5

Analyst's Opinion

Consensus Rating
MGE Energy has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
MGE Energy has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.79% of the float of MGE Energy has been sold short.
Short Interest Ratio / Days to Cover
MGE Energy has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in MGE Energy has recently increased by 93.52%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
MGE Energy pays a meaningful dividend of 2.31%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
MGE Energy has been increasing its dividend for 48 years.
Dividend Coverage
The dividend payout ratio of MGE Energy is 52.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, MGE Energy will have a dividend payout ratio of 42.75% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.

2.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
MGE Energy has received a 1.02% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Electricity distribution services of electricity produced with fossil fuels", and "Electricity distribution services of electricity produced with renewable energy sources" products. See details.
Environmental Sustainability
The Environmental Impact score for MGE Energy is -3.39.

1.9

News and Social Media Coverage

News Sentiment
MGE Energy has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for MGE Energy this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MGE Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought $37,629.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.19% of the stock of MGE Energy is held by insiders.
Percentage Held by Institutions
52.58% of the stock of MGE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for MGE Energy are expected to grow by 8.70% in the coming year, from $3.68 to $4.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MGE Energy is 23.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of MGE Energy is 23.34, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 75.69.
Price to Book Value per Share Ratio
MGE Energy has a P/B Ratio of 2.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About MGE Energy Stock (NASDAQ:MGEE)

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It generates electricity from coal-fired, gas-fired, and renewable energy sources. As of December 31, 2023, the company owned and operated 835 miles of overhead electric distribution lines; 1,330 miles of underground electric distribution cables; 49 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,066 miles of distribution mains, as well as supplied electric service to approximately 163,000 customers. MGE Energy, Inc. founded in 2001 and is headquartered in Madison, Wisconsin.

MGEE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MGEE Stock News Headlines

April 12, 2024 | investorplace.com

3 Utility Stocks Short Sellers Are Pulling the Plug On: Is a Power Outage Looming?

April 12, 2024 | americanbankingnews.com

MGE Energy, Inc. (NASDAQ:MGEE) Short Interest Update

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 7, 2024 | sg.finance.yahoo.com

Thames Water owner Kemble defaults on £400 million of bonds

April 6, 2024 | nasdaq.com

Guru Fundamental Report for MGEE

April 5, 2024 | finance.yahoo.com

Returns On Capital At MGE Energy (NASDAQ:MGEE) Have Hit The Brakes

April 3, 2024 | businesswire.com

MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric Customers

March 18, 2024 | finance.yahoo.com

MGE Energy (NASDAQ:MGEE) sheds 5.1% this week, as yearly returns fall more in line with earnings growth

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 15, 2024 | finance.yahoo.com

MGEE Apr 2024 80.000 put

March 6, 2024 | nasdaq.com

MGEE Makes Bullish Cross Above Critical Moving Average

March 1, 2024 | finance.yahoo.com

MGE Energy, Inc. (NASDAQ:MGEE) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

February 21, 2024 | businesswire.com

MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings

February 21, 2024 | businesswire.com

MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings

February 15, 2024 | msn.com

DTE vs. MGEE: Which Stock Is the Better Value Option?

January 24, 2024 | wsj.com

MGE Energy Inc.

January 22, 2024 | benzinga.com

MGE Energy Stock (NASDAQ:MGEE), Guidance and Forecast

January 19, 2024 | msn.com

MGE Energy declares $0.4275 dividend

January 12, 2024 | finance.yahoo.com

Is Now The Time To Put MGE Energy (NASDAQ:MGEE) On Your Watchlist?

December 22, 2023 | seekingalpha.com

MGE Energy: Growing Earnings But Valuation Is Not Cheap

November 4, 2023 | hk.finance.yahoo.com

MGE Energy Inc (MGEE) Reports Q3 2023 Earnings of $37.9 Million, Up from $33.

November 2, 2023 | finance.yahoo.com

MGE Energy Inc (MGEE) Reports Q3 2023 Earnings of $37.9 Million, Up from $33. ...

November 2, 2023 | finance.yahoo.com

MGE Energy Reports Third-Quarter 2023 Earnings

October 26, 2023 | thestreet.com

MGE Energy, Ball Corp.: Top 5 Value Stocks

October 23, 2023 | finance.yahoo.com

Here's What To Make Of MGE Energy's (NASDAQ:MGEE) Decelerating Rates Of Return

October 7, 2023 | finance.yahoo.com

MGE Energy's (NASDAQ:MGEE) 5.3% CAGR outpaced the company's earnings growth over the same five-year period

October 3, 2023 | finance.yahoo.com

Unveiling MGE Energy (MGEE)'s Value: Is It Really Priced Right? A Comprehensive Guide

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Ex-Dividend for 3/15 Dividend: 2/29/2024
Dividend Payable: 3/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Utilities
Industry: Electric, gas & sanitary services
Sub-Industry: Electric Utilities
Current Symbol: NASDAQ:MGEE
CUSIP: 55277P10
CIK: 1161728
Web: www.mgeenergy.com
Phone: (608) 252-7000
Fax: 608-252-7098
Employees: 723
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $62.00
High Stock Price Target: $62.00
Low Stock Price Target: $62.00
Potential Upside/Downside: -18.3%
Consensus Rating: Sell
Rating Score (0-4): 1.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.25
Trailing P/E Ratio: 23.34
Forward P/E Ratio: 20.61
P/E Growth: N/A
Net Income: $117.70 million
Net Margins: 17.05%
Pretax Margin: 21.07%
Return on Equity: 10.49%
Return on Assets: 4.55%

Debt

Debt-to-Equity Ratio: 0.65
Current Ratio: 1.52
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $690.43 million
Price / Sales: 3.97
Cash Flow: $6.19 per share
Price / Cash Flow: 12.26
Book Value: $31.53 per share
Price / Book: 2.41

Miscellaneous

Outstanding Shares: 36,180,000
Free Float: 36,107,000
Market Cap: $2.74 billion
Optionable: Optionable
Beta: 0.72

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Key Executives

Mr. Jeffrey M. Keebler (Age 52)
President, CEO & Chairman of the Board
Comp: $1.16M
Mr. Jared Joseph Bushek (Age 43)
VP, CFO & Treasurer
Comp: $699.08k
Ms. Tamara Jean Johnson (Age 59)
VP, Chief Accounting Officer & Controller
Comp: $416.67k
Ms. Cari Anne Renlund (Age 50)
VP, General Counsel & Secretary
Comp: $887.6k
Ms. Lynn K. Hobbie (Age 65)
Executive Vice President of Marketing & Communications
Comp: $544.73k
Bryan R. Sullivan (Age 51)
Assistant VP & Chief Information Officer
Mr. Ken Frassetto
Director - Shareholder Services and Treasury Management
Melissa T. Garner (Age 42)
Assistant Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MGEE Stock Analysis - 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 target for 2024?: 1 brokerages have issued 12 month price objectives for MGE Energy's stock. Their MGEE share price targets range from $62.00 to $62.00. On average, they predict the company's share price to reach $62.00 in the next year. This suggests that the stock has a possible downside of 18.3%.
View analysts price targets for MGEE or view top-rated stocks among Wall Street analysts.
How have MGEE shares performed in 2024?: MGE Energy's stock was trading at $72.31 at the start of the year. Since then, MGEE shares have increased by 4.9% and is now trading at $75.85.
View the best growth stocks for 2024 here.
Are investors shorting MGE Energy?: MGE Energy saw a increase in short interest in March. As of March 31st, there was short interest totaling 2,090,000 shares, an increase of 93.5% from the March 15th total of 1,080,000 shares. Based on an average daily trading volume, of 412,000 shares, the days-to-cover ratio is currently 5.1 days. Approximately 5.8% of the shares of the company are sold short.
View MGE Energy's Short Interest.
When is MGE Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MGEE earnings forecast.
How were MGE Energy's earnings last quarter?: MGE Energy, Inc. (NASDAQ:MGEE) announced its quarterly earnings results on Wednesday, February, 21st. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.06. The utilities provider earned $164.65 million during the quarter, compared to analyst estimates of $190.55 million. MGE Energy had a net margin of 17.05% and a trailing twelve-month return on equity of 10.49%.
How often does MGE Energy pay dividends? What is the dividend yield for MGE Energy?: MGE Energy declared a quarterly dividend on Friday, January 19th. Stockholders of record on Friday, March 1st will be given a dividend of $0.428 per share on Friday, March 15th. This represents a $1.71 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for MGEE.

Is MGE Energy a good dividend stock?: MGE Energy (NASDAQ:MGEE) pays an annual dividend of $1.71 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGEE will have a dividend payout ratio of 42.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGEE.
What ETFs hold MGE Energy's stock?: ETFs with the largest weight of MGE Energy (NASDAQ:MGEE) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Vanguard U.S. Minimum Volatility ETF (VFMV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), iShares U.S. Infrastructure ETF (IFRA), VictoryShares US Small Cap Volatility Wtd (CSA), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and Avantis U.S. Small Cap Equity ETF (AVSC).
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).
Who are MGE Energy's major shareholders?: MGE Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.03%). Insiders that own company stock include James G Berbee, James G Berbee, James Jerome Lorenz, James L Possin and Scott Robert Smith.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MGEE) was last updated on 4/18/2024 by MarketBeat.com Staff

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MGE Energy (MGEE) Stock Price, News & Analysis

MGE Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About MGE Energy Stock (NASDAQ:MGEE)

MGEE Stock Price History

MGEE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MGEE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™