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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:MGEE

MGE Energy (MGEE) Stock Price, News & Analysis

$78.72
+1.19 (+1.53%)
(As of 03/28/2024 ET)
Today's Range
$77.71
$79.00
50-Day Range
$62.19
$80.87
52-Week Range
$61.94
$83.27
Volume
221,002 shs
Average Volume
421,433 shs
Market Capitalization
$2.85 billion
P/E Ratio
24.22
Dividend Yield
2.17%
Price Target
$62.00

MGE Energy MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
21.2% Downside
$62.00 Price Target
Short Interest
Healthy
2.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
0.77mentions of MGE Energy in the last 14 days
Based on 3 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.

3.80 out of 5 stars

Utilities Sector

58th out of 90 stocks

Electric, Gas & Sanitary Services Industry

2nd out of 4 stocks

MGEE stock logo

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

MGEE Stock News Headlines

MGE Energy (NASDAQ:MGEE) Upgraded to "Hold" by StockNews.com
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
MGEE Apr 2024 80.000 put
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
MGE Energy Inc.
MGE Energy declares $0.4275 dividend
MGE Energy: Growing Earnings But Valuation Is Not Cheap
MGE Energy Reports Third-Quarter 2023 Earnings
MGE Energy, Ball Corp.: Top 5 Value Stocks
MGE Energy Issues September 2023 'Inside View'
MGE Energy Issues September 2023 'Inside View'
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
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric, gas & sanitary services
Sub-Industry
Electric Utilities
Current Symbol
NASDAQ:MGEE
CUSIP
55277P10
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
-21.4%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$117.70 million
Pretax Margin
21.07%

Debt

Sales & Book Value

Annual Sales
$690.43 million
Cash Flow
$6.22 per share
Book Value
$31.53 per share

Miscellaneous

Free Float
36,085,000
Market Cap
$2.85 billion
Optionable
Optionable
Beta
0.70
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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

MGEE Stock Analysis - Frequently Asked Questions

Should I buy or sell MGE Energy stock right now?

1 Wall Street equities research 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 equities research 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 analysts have issued twelve-month target prices for MGE Energy's shares. Their MGEE share price targets range from $62.00 to $62.00. On average, they anticipate the company's stock price to reach $62.00 in the next year. This suggests that the stock has a possible downside of 21.2%.
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 8.9% and is now trading at $78.72.
View the best growth stocks for 2024 here
.

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) released its quarterly earnings data on Wednesday, February, 21st. The utilities provider reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 10.49% and a net margin of 17.05%.

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

MGE Energy announced a quarterly dividend on Friday, January 19th. Shareholders 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 2.17%. The ex-dividend date of this dividend 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 2.23%. 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 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.56%), Vanguard Group Inc. (11.56%), Victory Capital Management Inc. (3.40%), Dimensional Fund Advisors LP (2.10%), Northern Trust Corp (1.19%) and Gabelli Funds LLC (1.07%). 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 3/28/2024 by MarketBeat.com Staff

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