MGE Energy, Inc. (MGEE)
| Market Cap | 3.78B |
| Revenue (ttm) | 653.68M |
| Net Income (ttm) | 118.63M |
| Shares Out | 36.21M |
| EPS (ttm) | 3.27 |
| PE Ratio | 31.77 |
| Forward PE | 26.50 |
| Dividend | $1.80 (1.73%) |
| Ex-Dividend Date | Nov 29, 2024 |
| Volume | 89,759 |
| Open | 104.33 |
| Previous Close | 104.53 |
| Day's Range | 103.08 - 104.33 |
| 52-Week Range | 61.94 - 109.22 |
| Beta | 0.70 |
| Analysts | Sell |
| Price Target | 74.00 (-29.21%) |
| Earnings Date | Nov 6, 2024 |
About MGEE
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 pow... [Read more]
Financial Performance
In 2023, MGE Energy's revenue was $673.93 million, a decrease of -3.70% compared to the previous year's $699.82 million. Earnings were $117.70 million, an increase of 6.08%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MGEE stock is "Sell" and the 12-month stock price forecast is $74.0.
News
MGE Energy Reports Third-Quarter 2024 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Third-Quarter 2024 Earnings.
5 September Dividend Raises- Yield Up To 4.9%
September was a splendid month for my 85-stock portfolio with five dividend raises, enhancing the joy for dividend-loving investing. Duke Energy, MGE Energy, Simon Property Group, Union Pacific, and B...
14 Upcoming Dividend Increases Including 2 Kings
Fourteen upcoming dividend increases, including two Dividend Kings: Nordson Corp with a 14.7% increase and Dover Corp with a 1% increase. New challengers Cactus Inc. and Murphy USA join the list with ...
MGE Energy: Buy This Dividend Champion While It's On Sale
MGE Energy is a Dividend Champion, closing in on the vaunted Dividend King title. The electric and gas utility is forecasting significant investments over the next several years to keep up with electr...
MGE Energy Reports Second-Quarter 2024 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Second-Quarter 2024 Earnings.
MGE Energy Issues June 2024 'Inside View'
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues June 2024 'Inside View'.
MGE Energy Declares Regular Dividend
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Declares Regular Dividend.
MGE Energy: Now No Longer A Hidden Gem Utility
Since my buy rating in March, shares of MGE Energy have soared 29%. The company's operating revenue dipped as diluted EPS surged higher in the first quarter. MGEE's interest coverage ratio was very st...
10 High-Yield Dividend Aristocrats Perfect For An Uncertain Market
Volatility in the stock market is normal and healthy, with average yearly gains of 22% in positive years and average peak intra-year declines of -14%. Dividend aristocrats, which have lower volatility...
MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric Customers
MADISON, Wis.--(BUSINESS WIRE)--MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric Customers.
MGE Energy: Buy This State Utility Now
The Madison, Wisconsin metropolitan area is a service area that utilities dream of servicing. Madison Gas and Electric Company or MGE Energy should have vigorous diluted EPS growth ahead in 2024 and 2...
MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings.
MGE Energy Reports Third-Quarter 2023 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Third-Quarter 2023 Earnings.
10 High-Yield Dividend Aristocrats Perfect For What's Coming Next
Investors are worried about soaring interest rates, a pending government shutdown, wars around the world, and a recession looming next year. History is very clear, market timing is the WORST thing you...
18 Upcoming Dividend Increases, Including 2 Dividend Kings
Investors prioritize dividends as companies that consistently increase payouts tend to outperform. Lists of upcoming dividend increases are compiled, focusing on companies with at least five years of ...
MGE Energy Reports Second-Quarter 2023 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Second-Quarter 2023 Earnings.
MGE Energy: Inflation Might Bring A Tougher Regulatory Environment
Ten years of downward pressure on gas and coal prices was interrupted in early 2022 with Russia's invasion of Ukraine. Low gas and coal prices allowed MGEE to invest heavily in regulated assets on whi...
MGE Energy Reports First-Quarter 2023 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports First-Quarter 2023 Earnings.
MGE Energy Reports Fourth-Quarter and Full Year 2022 Earnings
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the fourth quarter of 2022 and for the full year of 2022.
MGE Energy Issues December 2022 'Interim Report'
MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) highlights the release of its annual Corporate Responsibility and Sustainability Report in its latest investor newsletter, "Interim Re...
MGE's Use of Solar and Battery Storage to Grow with Purchase of Darien Solar Energy Center
MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE), in partnership with We Energies and Wisconsin Public Service (WPS), subsidiaries of WEC Energy Group, received approval from the Publi...
MGE Energy: Betting Strongly On Renewables
MGE expects to invest a lot of money in solar, wind, and battery resources. Investments in these industries are expected to comprise 44% of the total investments in 2023. In my view, we could expect a...
