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: $103.98 to $105.65
• 50-Day Range: $88.55 to $108.16
• 52-Week Range: $61.94 to $109.22
• Volume: 201,107 shs
• Average Volume: 127,216 shs
• Market Capitalization: $3.77 billion
• P/E Ratio: 31.85
• Dividend Yield: 1.73%
• Price Target: $74.00
• Consensus Rating: Sell

MGE Energy Stock Analysis - MarketRank™

MGE Energy scored higher than 68% of companies evaluated by MarketBeat, and ranked 59th 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 1 sell rating.

Amount of Analyst Coverage

MGE Energy has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.21%

Earnings Growth

Earnings for MGE Energy are expected to grow by 9.21% in the coming year, from $3.69 to $4.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MGE Energy is 31.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of MGE Energy is 31.85, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 100.12.

Price to Book Value per Share Ratio

MGE Energy has a P/B Ratio of 3.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

4.74% 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 17, which indicates bearish sentiment.

Change versus previous month

Short interest in MGE Energy has recently increased by 15.54%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

MGE Energy pays a meaningful dividend of 1.73%, 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 44.67% 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

4.74% 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 17, which indicates bearish sentiment.

Change versus previous month

Short interest in MGE Energy has recently increased by 15.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.52

News Sentiment

MGE Energy has a news sentiment score of 1.52. 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 0.71 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for MGE Energy this week, compared to 2 articles on an average week.

Search Interest

1 people have searched for MGEE on MarketBeat 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 the year. Since then, MGEE stock has increased by 44.0% and is now trading at $104.14.
View the best growth stocks for 2024 here.

How were MGE Energy's earnings last quarter?

MGE Energy, Inc. (NASDAQ:MGEE) issued 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 analysts' expectations of $151.29 million. MGE Energy had a net margin of 17.70% and a trailing twelve-month return on equity of 10.18%.

Who are MGE Energy's major shareholders?

MGE Energy's top institutional investors 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 9/15 Dividend: 8/30/2024
• Dividend Payable: 9/15/2024
• Today: 11/24/2024
• Ex-Dividend for 12/15 Dividend: 11/29/2024
• Dividend Payable: 12/15/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

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: -28.9%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.27
• Trailing P/E Ratio: 31.85
• Forward P/E Ratio: 28.22
• 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: $690.43 million
• Price / Sales: 5.46
• Cash Flow: $6.03 per share
• Price / Cash Flow: 17.27
• Book Value: $33.01 per share
• Price / Book: 3.15

Miscellaneous

• Outstanding Shares: 36,210,000
• Free Float: 36,139,000
• Market Cap: $3.77 billion
• Optionable: Optionable
• Beta: 0.71