MGE Energy Inc. (MGEE) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of MGE Energy Inc. (NASDAQ:MGEE) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Zacks Investment Research cut MGE Energy from a hold rating to a sell rating in a research note on Wednesday, March 15th.

MGE Energy (MGEE) traded down 0.73% during midday trading on Friday, hitting $68.00. The company’s stock had a trading volume of 269,207 shares. The stock has a 50 day moving average of $65.29 and a 200 day moving average of $64.01. MGE Energy has a 52-week low of $53.42 and a 52-week high of $68.60. The company has a market cap of $2.36 billion, a PE ratio of 30.29 and a beta of 0.36.

MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter. MGE Energy had a return on equity of 10.81% and a net margin of 14.05%. The firm had revenue of $156.82 million for the quarter. On average, equities analysts expect that MGE Energy will post $2.30 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a dividend of $0.3075 per share. The ex-dividend date was Tuesday, May 30th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.81%. MGE Energy’s dividend payout ratio (DPR) is currently 54.67%.

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).

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