MGE Energy, Inc. (NASDAQ:MGEE) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also given MGE Energy an industry rank of 225 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on MGEE shares. BidaskClub cut shares of MGE Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Gabelli reissued a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th.
A number of institutional investors and hedge funds have recently made changes to their positions in MGEE. Russell Investments Group Ltd. lifted its position in MGE Energy by 146.3% in the second quarter. Russell Investments Group Ltd. now owns 8,102 shares of the utilities provider’s stock valued at $522,000 after acquiring an additional 4,812 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in MGE Energy by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 195,440 shares of the utilities provider’s stock valued at $12,577,000 after acquiring an additional 3,017 shares during the last quarter. Legal & General Group Plc lifted its position in MGE Energy by 10.0% in the second quarter. Legal & General Group Plc now owns 31,665 shares of the utilities provider’s stock valued at $2,038,000 after acquiring an additional 2,880 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in MGE Energy by 620.9% in the second quarter. BNP Paribas Arbitrage SA now owns 6,128 shares of the utilities provider’s stock valued at $394,000 after acquiring an additional 5,278 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in MGE Energy by 85.7% in the second quarter. Prudential Financial Inc. now owns 97,139 shares of the utilities provider’s stock valued at $6,250,000 after acquiring an additional 44,830 shares during the last quarter. 38.32% of the stock is owned by hedge funds and other institutional investors.
Shares of MGE Energy (NASDAQ MGEE) opened at $59.00 on Friday. The stock has a market cap of $2,050.00, a price-to-earnings ratio of 26.94 and a beta of 0.32. MGE Energy has a 1 year low of $58.50 and a 1 year high of $68.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.02.
MGE Energy (NASDAQ:MGEE) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $139.54 million during the quarter. MGE Energy had a net margin of 13.52% and a return on equity of 10.31%. research analysts anticipate that MGE Energy will post 2.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given 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 2.19%. MGE Energy’s dividend payout ratio (DPR) is presently 58.90%.
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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