MGE Energy (NASDAQ:MGEE – Get Free Report) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.23), Zacks reports. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%.
MGE Energy Price Performance
MGE Energy stock traded up $1.41 during trading hours on Tuesday, reaching $94.41. 43,781 shares of the stock were exchanged, compared to its average volume of 172,976. The stock has a 50 day moving average of $91.43 and a two-hundred day moving average of $92.74. The company has a market cap of $3.42 billion, a P/E ratio of 28.86 and a beta of 0.76. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.60. MGE Energy has a twelve month low of $61.94 and a twelve month high of $109.22.
MGE Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be given 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 yield of 1.91%. MGE Energy’s dividend payout ratio is 55.05%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on MGEE
About MGE Energy
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.
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