MGE Energy (NASDAQ:MGEE - Get Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.23), Zacks reports. The company had revenue of $171.42 million for the quarter. MGE Energy had a return on equity of 10.18% and a net margin of 17.70%.
MGE Energy Stock Performance
NASDAQ MGEE traded up $0.67 during trading hours on Friday, hitting $91.78. 132,943 shares of the stock were exchanged, compared to its average volume of 171,540. 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 cap of $3.32 billion, a price-to-earnings ratio of 28.07 and a beta of 0.76. MGE Energy has a 12-month low of $61.94 and a 12-month high of $109.22. The stock has a 50-day moving average of $91.35 and a 200 day moving average of $92.80.
MGE Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, February 28th. MGE Energy's payout ratio is 54.05%.
Wall Street Analyst Weigh In
Separately, LADENBURG THALM/SH SH upgraded MGE Energy to a "strong sell" rating in a research note on Thursday, December 12th.
Read Our Latest Stock Analysis on MGEE
MGE Energy Company Profile
(
Get Free Report)
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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