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

MGE Energy (NASDAQ:MGEE) released 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 return on equity of 10.18% and a net margin of 17.70%.

MGE Energy Stock Performance

Shares of NASDAQ:MGEE traded up $1.41 during trading on Tuesday, reaching $94.41. 43,781 shares of the stock were exchanged, compared to its average volume of 172,976. The firm has a market cap of $3.42 billion, a PE 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 12 month low of $61.94 and a 12 month high of $109.22. The stock has a 50-day moving average price of $91.43 and a 200-day moving average price of $92.74.

MGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued a $0.45 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.80 annualized dividend and a yield of 1.91%. MGE Energy’s dividend payout ratio is currently 55.05%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded MGE Energy to a “strong sell” rating in a research note 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.