MGE Energy Inc. (NASDAQ:MGEE) declared a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.3225 per share by the utilities provider on Friday, December 15th. This represents a $1.29 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Thursday, November 30th.

MGE Energy has raised its dividend by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 41 consecutive years. MGE Energy has a payout ratio of 58.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MGE Energy to earn $2.40 per share next year, which means the company should continue to be able to cover its $1.29 annual dividend with an expected future payout ratio of 53.8%.

MGE Energy (NASDAQ MGEE) traded down 0.37% during trading on Monday, hitting $67.30. The stock had a trading volume of 63,118 shares. MGE Energy has a 12 month low of $55.05 and a 12 month high of $68.70. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 30.21 and a beta of 0.34. The stock has a 50 day moving average price of $65.60 and a 200-day moving average price of $65.14.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.45 earnings per share for the quarter. MGE Energy had a return on equity of 10.60% and a net margin of 13.82%. The firm had revenue of $126.46 million for the quarter. On average, equities analysts predict that MGE Energy will post $2.30 EPS for the current year.

In other news, insider Jeffrey M. Keebler acquired 547 shares of MGE Energy stock in a transaction on Tuesday, September 5th. The shares were bought at an average cost of $64.02 per share, for a total transaction of $35,018.94. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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Several brokerages have recently weighed in on MGEE. BidaskClub downgraded MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded MGE Energy from a “sell” rating to a “hold” rating in a report on Thursday, September 7th.

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).

Dividend History for MGE Energy (NASDAQ:MGEE)

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