MGE Energy (NASDAQ:MGEE) Releases Quarterly Earnings Results, Misses Expectations By $0.23 EPS

MGE Energy (NASDAQ:MGEE) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate 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%. The company had revenue of $171.42 million for the quarter.

MGE Energy Stock Performance

Shares of MGEE opened at $94.13 on Wednesday. MGE Energy has a 1 year low of $61.94 and a 1 year high of $109.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94. The stock’s fifty day moving average price is $91.40 and its two-hundred day moving average price is $92.81. The firm has a market cap of $3.41 billion, a PE ratio of 28.79 and a beta of 0.76.

MGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, February 28th. 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 report 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.