Zacks: MGE Energy, Inc. (MGEE) Given Average Rating of “Hold” by Brokerages

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

Zacks has also assigned MGE Energy an industry rank of 225 out of 265 based on the ratings given to its competitors.

A number of brokerages recently weighed in on MGEE. BidaskClub cut shares of MGE Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Gabelli reissued a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MGE Energy by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the utilities provider’s stock valued at $101,000 after buying an additional 154 shares during the last quarter. Amalgamated Bank raised its holdings in shares of MGE Energy by 2.9% in the second quarter. Amalgamated Bank now owns 4,472 shares of the utilities provider’s stock valued at $288,000 after buying an additional 126 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of MGE Energy in the second quarter valued at about $303,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of MGE Energy in the third quarter valued at about $320,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of MGE Energy in the second quarter valued at about $343,000. 38.32% of the stock is owned by hedge funds and other institutional investors.

Shares of MGE Energy (MGEE) opened at $59.00 on Friday. MGE Energy has a 1 year low of $58.50 and a 1 year high of $68.70. The firm has a market cap of $2,050.00, a price-to-earnings ratio of 26.94 and a beta of 0.32. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.52.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.3225 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.29 dividend on an annualized basis and a yield of 2.19%. MGE Energy’s dividend payout ratio (DPR) is presently 58.90%.

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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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