MGE Energy, Inc. (NASDAQ:MGEE) Declares $0.45 Quarterly Dividend

MGE Energy, Inc. (NASDAQ:MGEE - Get Free Report) announced a quarterly dividend on Friday, January 17th,RTT News reports. Stockholders of record on Saturday, March 1st will be given a dividend of 0.45 per share by the utilities provider on Saturday, March 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.92%.

MGE Energy has increased its dividend payment by an average of 5.0% annually over the last three years and has increased its dividend every year for the last 49 years. MGE Energy has a payout ratio of 43.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect MGE Energy to earn $3.84 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 46.9%.

MGE Energy Stock Down 0.1 %

Shares of MGE Energy stock traded down $0.05 on Friday, reaching $93.80. The company's stock had a trading volume of 102,176 shares, compared to its average volume of 131,571. MGE Energy has a 52 week low of $61.94 and a 52 week high of $109.22. The firm's fifty day simple moving average is $98.44 and its two-hundred day simple moving average is $91.07. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 28.69 and a beta of 0.76.

Wall Street Analysts Forecast Growth

MGEE has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on MGE Energy from $71.00 to $74.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH raised shares of MGE Energy to a "strong sell" rating in a report on Thursday, December 12th.

About MGE Energy

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.

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