MGE Energy (MGEE) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGE Energy in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" MGEE shares.
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1 analysts have issued 12 month target prices for MGE Energy's shares. 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%.
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MGE Energy's stock was trading at $72.31 at the beginning of 2024. Since then, MGEE stock has increased by 4.9% and is now trading at $75.85.
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MGE Energy saw a increase in short interest during the month of 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 volume of 412,000 shares, the short-interest ratio is presently 5.1 days. Approximately 5.8% of the shares of the stock are sold short.
View MGE Energy's Short Interest.

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

MGE Energy, Inc. (NASDAQ:MGEE) posted its quarterly earnings results on Wednesday, February, 21st. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by $0.06. The utilities provider had revenue of $164.65 million for 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%.

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

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.

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).

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.

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).

MGE Energy's stock is owned by a number of retail and institutional 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.
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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.
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