MGE Energy (MGEE) Receiving Somewhat Positive Media Coverage, Study Finds
News stories about MGE Energy (NASDAQ:MGEE) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MGE Energy earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.32677114795 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- MGE Energy, Inc. (MGEE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- ETFs with exposure to MGE Energy, Inc. : December 12, 2017 (finance.yahoo.com)
- MGE Energy, Inc. :MGEE-US: Earnings Analysis: Q3, 2017 By the Numbers : December 11, 2017 (finance.yahoo.com)
- MGE Energy (MGEE) Downgraded by BidaskClub to “Sell” (americanbankingnews.com)
- MGE Energy, Inc. (MGEE) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Several analysts have recently commented on the stock. BidaskClub downgraded shares of MGE Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Gabelli reaffirmed a “hold” rating on shares of MGE Energy in a report on Monday, November 13th. Finally, Zacks Investment Research raised shares of MGE Energy from a “sell” rating to a “hold” rating in a report on Thursday, September 7th.
Shares of MGE Energy (NASDAQ MGEE) opened at $62.45 on Friday. The company has a market cap of $2,149.44, a price-to-earnings ratio of 28.18 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 has a twelve month low of $60.30 and a twelve month high of $68.70.
MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) 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 for the quarter. sell-side analysts predict that MGE Energy will post 2.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 30th. MGE Energy’s dividend payout ratio (DPR) is presently 58.64%.
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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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