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NASDAQ:MGEE

MGE Energy (MGEE) Stock Price, News & Analysis

$91.71
+1.11 (+1.23%)
(As of 03:38 PM ET)
Today's Range
$89.53
$92.06
50-Day Range
$75.73
$90.60
52-Week Range
$61.94
$92.06
Volume
34,099 shs
Average Volume
240,407 shs
Market Capitalization
$3.32 billion
P/E Ratio
27.62
Dividend Yield
1.96%
Price Target
$71.00

MGE Energy MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
22.4% Downside
$71.00 Price Target
Short Interest
Bearish
4.30% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.39
Upright™ Environmental Score
News Sentiment
1.12mentions of MGE Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.21%
From $3.69 to $4.03 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.

2.35 out of 5 stars

Utilities Sector

67th out of 93 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

Analyzing MGE Energy (NASDAQ:MGEE) and EuroSite Power (OTCMKTS:EUSP)
MGE Energy Issues September 2024 'Inside View'
Trillion Dollar Blockchain Shift Could Trigger THIS Coin
It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…
Morgan Stanley Remains a Sell on MGE Energy (MGEE)
MGE Energy Increases Dividend for 49th Consecutive Year
Trillion Dollar Blockchain Shift Could Trigger THIS Coin
It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…
MGE Energy Reports Second-Quarter 2024 Earnings
MGE Energy Issues June 2024 'Inside View'
MGE Energy Declares Regular Dividend
MGE Energy Reports First-Quarter 2024 Earnings
See More Headlines
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Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 9/15 Dividend
8/30/2024
Dividend Payable
9/15/2024
Today
9/16/2024
Next Earnings (Estimated)
11/07/2024
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
700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$71.00
High Stock Price Target
$71.00
Low Stock Price Target
$71.00
Potential Upside/Downside
-22.3%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$117.70 million
Pretax Margin
20.22%

Debt

Sales & Book Value

Annual Sales
$662.23 million
Cash Flow
$6.31 per share
Book Value
$31.53 per share

Miscellaneous

Free Float
36,107,000
Market Cap
$3.31 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: $1.28M
  • Mr. Jared Joseph Bushek (Age 43)
    VP, CFO & Treasurer
    Comp: $632.46k
  • Ms. Tamara Jean Johnson (Age 59)
    VP, Chief Accounting Officer & Controller
    Comp: $444.28k
  • Ms. Cari Anne Renlund (Age 50)
    VP, General Counsel & Secretary
    Comp: $644.83k
  • Ms. Lynn K. Hobbie (Age 65)
    President of Marketing & Communications
    Comp: $565.96k
  • Bryan R. Sullivan (Age 51)
    Assistant VP & Chief Information Officer
  • Mr. Ken Frassetto
    Director - Shareholder Services and Treasury Management
  • Melissa T. Garner (Age 43)
    Assistant Vice President of Human Resources

MGEE Stock Analysis - Frequently Asked Questions

How have MGEE shares performed this year?

MGE Energy's stock was trading at $72.31 at the start of the year. Since then, MGEE stock has increased by 26.6% and is now trading at $91.54.
View the best growth stocks for 2024 here
.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) posted its earnings results on Wednesday, August, 7th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by $0.29. The utilities provider had revenue of $145.71 million for the quarter, compared to analyst estimates of $151.29 million. MGE Energy had a net margin of 17.45% and a trailing twelve-month return on equity of 10.04%.

Who are MGE Energy's major shareholders?

MGE Energy's top institutional investors include Victory Capital Management Inc. (3.76%), Dimensional Fund Advisors LP (2.17%), Bank of New York Mellon Corp (1.23%) and Gabelli Funds LLC (0.79%). Insiders that own company stock include James G Berbee, Scott Robert Smith, James Jerome Lorenz and James L Possin.
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.

What other stocks do shareholders of MGE Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MGE Energy investors own include International Business Machines (IBM), Medtronic (MDT), MetLife (MET), AT&T (T), WEC Energy Group (WEC) and Exxon Mobil (XOM).

This page (NASDAQ:MGEE) was last updated on 9/16/2024 by MarketBeat.com Staff

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