MGE Energy (MGEE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $93.15 to $94.94
• 50-Day Range: $88.55 to $108.16
• 52-Week Range: $61.94 to $109.22
• Volume: 345,524 shs
• Average Volume: 167,628 shs
• Market Capitalization: $3.42 billion
• P/E Ratio: 28.89
• Dividend Yield: 1.91%
• Price Target: $74.00
• Consensus Rating: Sell

MGE Energy Stock Analysis - MarketRank™

MGE Energy scored higher than 63% of companies evaluated by MarketBeat, and ranked 58th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.5 / 5
• Analyst Rating: Sell

Consensus Rating

MGE Energy has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

MGE Energy has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.96%

Earnings Growth

Earnings for MGE Energy are expected to grow by 10.96% in the coming year, from $3.56 to $3.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MGE Energy is 28.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of MGE Energy is 28.89, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.36.

Price to Book Value per Share Ratio

MGE Energy has a P/B Ratio of 3.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.46% of the float of MGE Energy has been sold short.

Short Interest Ratio / Days to Cover

MGE Energy has a short interest ratio ("days to cover") of 12.9, which indicates bearish sentiment.

Change versus previous month

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

MGE Energy pays a meaningful dividend of 1.84%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MGE Energy has been increasing its dividend for 49 years.

Dividend Coverage

The dividend payout ratio of MGE Energy is 55.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, MGE Energy will have a dividend payout ratio of 45.57% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -3.39

Percentage of Shares Shorted

4.46% of the float of MGE Energy has been sold short.

Short Interest Ratio / Days to Cover

MGE Energy has a short interest ratio ("days to cover") of 12.9, which indicates bearish sentiment.

Change versus previous month

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.78

News Sentiment

MGE Energy has a news sentiment score of 1.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for MGE Energy this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for MGEE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

1 people have added MGE Energy to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MGE Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.19% of the stock of MGE Energy is held by insiders.

Percentage Held by Institutions

52.58% of the stock of MGE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MGEE Stock Analysis - Frequently Asked Questions

How have MGEE shares performed this year?

MGE Energy's stock was trading at $72.31 at the beginning of 2024. Since then, MGEE shares have increased by 30.6% and is now trading at $94.46.
View the best growth stocks for 2024 here.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) announced 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 the consensus estimate of $151.29 million. MGE Energy had a trailing twelve-month return on equity of 10.18% and a net margin of 17.70%.

Who are MGE Energy's major shareholders?

Top institutional shareholders of MGE Energy include State Street Corp (4.03%), Victory Capital Management Inc. (3.46%), Geode Capital Management LLC (2.39%) and Charles Schwab Investment Management Inc. (1.18%). 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 Tesla (TSLA), JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 12/15 Dividend: 11/29/2024
• Dividend Payable: 12/15/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: Electric, gas & sanitary services
• Sub-Industry: Electric Utilities
• Current Symbol: NASDAQ:MGEE
• CUSIP: 55277P10
• CIK: 1161728
• Web: www.mgeenergy.com
• Phone: (608) 252-7000
• Fax: 608-252-7098
• Employees: 700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $74.00
• High Stock Price Target: $74.00
• Low Stock Price Target: $74.00
• Potential Upside/Downside: -21.7%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.27
• Trailing P/E Ratio: 28.89
• Forward P/E Ratio: 26.53
• P/E Growth: N/A
• Net Income: $117.70 million
• Net Margins: 17.70%
• Pretax Margin: 19.67%
• Return on Equity: 10.18%
• Return on Assets: 4.38%

Debt

• Debt-to-Equity Ratio: 0.60
• Current Ratio: 1.41
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $670.18 million
• Price / Sales: 5.10
• Cash Flow: $5.62 per share
• Price / Cash Flow: 16.80
• Book Value: $31.53 per share
• Price / Book: 3.00

Miscellaneous

• Outstanding Shares: 36,208,000
• Free Float: 36,139,000
• Market Cap: $3.42 billion
• Optionable: Optionable
• Beta: 0.74