Somewhat Positive News Coverage Somewhat Unlikely to Impact MGE Energy (MGEE) Stock Price
Press coverage about MGE Energy (NASDAQ:MGEE) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGE Energy earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.7404473138019 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
MGEE has been the subject of several research reports. BidaskClub raised shares of MGE Energy from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised shares of MGE Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 16th.
Shares of MGE Energy (NASDAQ:MGEE) opened at 64.20 on Wednesday. The company’s 50-day moving average is $64.75 and its 200 day moving average is $64.56. The stock has a market cap of $2.23 billion, a PE ratio of 28.82 and a beta of 0.35. MGE Energy has a 52 week low of $53.48 and a 52 week high of $68.70.
MGE Energy (NASDAQ:MGEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.45 EPS for the quarter. MGE Energy had a net margin of 13.82% and a return on equity of 10.60%. The company had revenue of $126.46 million during the quarter. Analysts forecast that MGE Energy will post $2.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.3225 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from MGE Energy’s previous quarterly dividend of $0.31. This represents a $1.29 dividend on an annualized basis and a yield of 2.01%. MGE Energy’s dividend payout ratio is currently 55.16%.
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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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