MGE Energy (MGEE) to Release Earnings on Wednesday

MGE Energy (NASDAQ:MGEE) is expected to post its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect MGE Energy to post earnings of $0.84 per share for the quarter.

MGE Energy Stock Down 1.1 %

MGEE stock opened at $89.44 on Tuesday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 27.35 and a beta of 0.76. The business has a 50-day moving average of $92.15 and a 200-day moving average of $92.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94. MGE Energy has a fifty-two week low of $61.94 and a fifty-two week high of $109.22.

MGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.01%. MGE Energy’s dividend payout ratio is currently 55.05%.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH raised shares of MGE Energy to a “strong sell” rating in a research note on Thursday, December 12th.

MGE Energy Company Profile

MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity and natural gas in Wisconsin and Iowa; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services.