Shares of MGE Energy, Inc. (NASDAQ:MGEE) have received an average 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 recommendation.
Zacks has also given MGE Energy an industry rank of 194 out of 265 based on the ratings given to its competitors.
MGEE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of MGE Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Gabelli reiterated a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th. Finally, BidaskClub lowered shares of MGE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.
Shares of MGE Energy (MGEE) traded down $0.63 during midday trading on Tuesday, reaching $62.87. 37,000 shares of the company traded hands, compared to its average volume of 88,301. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.02 and a quick ratio of 2.47. The company has a market capitalization of $2,190.00, a price-to-earnings ratio of 28.86 and a beta of 0.32. MGE Energy has a 12 month low of $60.30 and a 12 month high of $68.70.
MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share 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%. analysts predict that MGE Energy will post 2.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.3225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.05%. MGE Energy’s payout ratio is currently 58.90%.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.