MGE Energy, Inc. (NASDAQ:MGEE) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given MGE Energy an industry rank of 187 out of 265 based on the ratings given to its competitors.

MGEE has been the subject of several research reports. Zacks Investment Research upgraded MGE Energy from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. BidaskClub downgraded MGE Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Finally, Gabelli reiterated a “hold” rating on shares of MGE Energy in a report on Monday, November 13th.

Shares of MGE Energy (MGEE) traded up $1.55 during trading on Friday, hitting $64.00. The company had a trading volume of 198,948 shares, compared to its average volume of 88,721. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.02 and a quick ratio of 2.47. MGE Energy has a 1 year low of $60.30 and a 1 year high of $68.70. The firm has a market cap of $2,220.00, a P/E ratio of 28.80 and a beta of 0.32.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter. MGE Energy had a return on equity of 10.31% and a net margin of 13.52%. The firm had revenue of $139.54 million during the quarter. equities research analysts expect that MGE Energy will post 2.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.3225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.29 annualized dividend and a yield of 2.02%. MGE Energy’s dividend payout ratio (DPR) is presently 58.90%.

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MGE Energy by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 154 shares during the last quarter. Strs Ohio increased its holdings in shares of MGE Energy by 6.3% during the 2nd quarter. Strs Ohio now owns 3,400 shares of the utilities provider’s stock worth $218,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank increased its holdings in shares of MGE Energy by 2.9% during the 2nd quarter. Amalgamated Bank now owns 4,472 shares of the utilities provider’s stock worth $288,000 after buying an additional 126 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of MGE Energy during the 2nd quarter worth $303,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of MGE Energy during the 3rd quarter worth $320,000. Institutional investors own 38.33% of the company’s stock.

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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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