MGE Energy, Inc. (MGEE)

NASDAQ: MGEE · IEX Real-Time Price · USD
77.40
-0.35 (-0.45%)
Apr 22, 2024, 4:00 PM EDT - Market closed
-0.45%
Market Cap 2.80B
Revenue (ttm) 690.43M
Net Income (ttm) 117.70M
Shares Out 36.17M
EPS (ttm) 3.25
PE Ratio 23.82
Forward PE 20.62
Dividend $1.71 (2.21%)
Ex-Dividend Date Feb 29, 2024
Volume 140,734
Open 77.75
Previous Close 77.75
Day's Range 76.83 - 78.57
52-Week Range 61.94 - 83.27
Beta 0.72
Analysts Sell
Price Target 62.00 (-19.9%)
Earnings Date May 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]

Sector Utilities
Founded 1855
Employees 719
Stock Exchange NASDAQ
Ticker Symbol MGEE
Full Company Profile

Financial Performance

In 2023, MGE Energy's revenue was $690.43 million, a decrease of -3.37% compared to the previous year's $714.52 million. Earnings were $117.70 million, an increase of 6.08%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for MGEE stock is "Sell" and the 12-month stock price forecast is $62.0.

Price Target
$62.0
(-19.90% downside)
Analyst Consensus: Sell
Stock Forecasts

News

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.

19 days ago - Business Wire

MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings.

2 months ago - Business Wire

MGE Energy Declares Regular Dividend

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Declares Regular Dividend.

3 months ago - Business Wire

MGE Energy Reports Third-Quarter 2023 Earnings

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Third-Quarter 2023 Earnings.

6 months ago - Business Wire

MGE Energy Reports Second-Quarter 2023 Earnings

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Second-Quarter 2023 Earnings.

9 months ago - Business Wire

MGE Energy Reports First-Quarter 2023 Earnings

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports First-Quarter 2023 Earnings.

1 year ago - Business Wire

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.

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

MGE Energy Issues Third-Quarter Financial Update

MADISON, Wis.

1 year ago - Business Wire

MGE Energy Reports Third-Quarter 2022 Earnings

MADISON, Wis.

1 year ago - Business Wire

MGE Energy Issues October 2022 'Inside View'

MADISON, Wis.

1 year ago - Business Wire

MGE Energy Issues September 2022 'Interim Report'

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues September 2022 'Interim Report'

1 year ago - Business Wire

MGE Energy Increases Dividend for 47th Consecutive Year

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Increases Dividend for 47th Consecutive Year

1 year ago - Business Wire

MGE Energy Issues Second-Quarter Financial Update

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues Second-Quarter Financial Update

1 year ago - Business Wire

MGE Energy Reports Second-Quarter 2022 Earnings

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Second-Quarter 2022 Earnings

1 year ago - Business Wire

MGE Energy Issues June 2022 'Interim Report'

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues June 2022 'Interim Report'

2 years ago - Business Wire

MGE Energy Issues May 2022 'Inside View'

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues May 2022 'Inside View'

2 years ago - Business Wire

MGE Energy to Present at the 2022 AGA Financial Forum

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy to Present at the 2022 AGA Financial Forum

2 years ago - Business Wire

MGE Energy Issues First-Quarter Financial Update

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues First-Quarter Financial Update

2 years ago - Business Wire

MGE Energy Reports First-Quarter 2022 Earnings

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports First-Quarter 2022 Earnings

2 years ago - Business Wire

MGE Energy Issues March 2022 'Interim Report'

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues March 2022 'Interim Report'

2 years ago - Business Wire

MGE Energy to Present at B of A 2022 Power, Utilities and Clean Energy Leaders Conference

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy to Present at B of A 2022 Power, Utilities and Clean Energy Leaders Conference

2 years ago - Business Wire

MGE Energy Reports Fourth-Quarter and Full Year 2021 Earnings

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Fourth-Quarter and Full Year 2021 Earnings

2 years ago - Business Wire

MGE Energy Issues December 2021 'Interim Report'

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Issues December 2021 'Interim Report'

2 years ago - Business Wire