News coverage about MGE Energy (NASDAQ:MGEE) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGE Energy earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 45.7995826721807 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
MGE Energy (MGEE) traded down $0.70 during midday trading on Thursday, reaching $59.20. The company had a trading volume of 71,800 shares, compared to its average volume of 98,243. The stock has a market cap of $2,080.00, a price-to-earnings ratio of 27.03 and a beta of 0.32. MGE Energy has a twelve month low of $58.66 and a twelve month high of $68.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.02 and a quick ratio of 2.47.
MGE Energy (NASDAQ:MGEE) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 EPS for the quarter. The business had revenue of $139.54 million during the quarter. MGE Energy had a return on equity of 10.31% and a net margin of 13.52%. research analysts anticipate that MGE Energy will post 2.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.3225 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.29 dividend on an annualized basis and a yield of 2.18%. MGE Energy’s dividend payout ratio (DPR) is presently 58.90%.
A number of brokerages have recently weighed in on MGEE. BidaskClub lowered MGE Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Gabelli reaffirmed a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th.
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MGE Energy Company Profile
MGE Energy, Inc (MGE) is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).
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