MGE Energy (MGEE) Given Daily Media Impact Score of 0.15
Media stories about MGE Energy (NASDAQ:MGEE) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGE Energy earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 44.883140738796 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of MGE Energy from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of MGE Energy from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th.
MGE Energy (NASDAQ MGEE) traded down 0.15% during mid-day trading on Thursday, hitting $65.25. 1,714 shares of the stock traded hands. The firm has a market cap of $2.26 billion, a P/E ratio of 29.29 and a beta of 0.34. MGE Energy has a 52-week low of $53.48 and a 52-week high of $68.70. The firm’s 50-day moving average is $64.69 and its 200 day moving average is $64.91.
MGE Energy (NASDAQ:MGEE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.45 EPS for the quarter. MGE Energy had a return on equity of 10.60% and a net margin of 13.82%. The company had revenue of $126.46 million during the quarter. Equities analysts predict that MGE Energy will post $2.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.3225 per share. This is an increase from MGE Energy’s previous quarterly dividend of $0.31. This represents a $1.29 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Wednesday, August 30th. MGE Energy’s payout ratio is currently 57.85%.
In related news, insider Jeffrey M. Keebler acquired 547 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average cost of $64.02 per share, for a total transaction of $35,018.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% 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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