MGE Energy, Inc. (NASDAQ:MGEE) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given MGE Energy an industry rank of 197 out of 265 based on the ratings given to its competitors.
Several analysts have issued reports on MGEE shares. Zacks Investment Research raised shares of MGE Energy from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. BidaskClub downgraded shares of MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, December 21st. Finally, Gabelli reaffirmed a “hold” rating on shares of MGE Energy in a report on Monday, November 13th.
Shares of MGE Energy (NASDAQ MGEE) opened at $63.10 on Friday. MGE Energy has a fifty-two week low of $60.30 and a fifty-two week high of $68.70. The stock has a market cap of $2,208.38, a PE ratio of 28.68 and a beta of 0.32. 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 announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter. MGE Energy had a net margin of 13.52% and a return on equity of 10.31%. The company had revenue of $139.54 million for the quarter. equities research analysts expect that MGE Energy will post 2.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, November 30th. MGE Energy’s payout ratio is 58.64%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MGE Energy by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the utilities provider’s stock valued at $101,000 after buying an additional 154 shares during the period. Strs Ohio lifted its stake in shares of MGE Energy by 6.3% during the second quarter. Strs Ohio now owns 3,400 shares of the utilities provider’s stock valued at $218,000 after buying an additional 200 shares during the period. Amalgamated Bank lifted its stake in shares of MGE Energy by 2.9% during the second quarter. Amalgamated Bank now owns 4,472 shares of the utilities provider’s stock valued at $288,000 after buying an additional 126 shares during the period. Ramsey Quantitative Systems purchased a new position in shares of MGE Energy during the second quarter valued at approximately $303,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of MGE Energy during the third quarter valued at approximately $320,000. 38.32% of the stock is currently owned by institutional investors and hedge funds.
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About MGE Energy
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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