MGE Energy, Inc. (NASDAQ:MGEE) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 243,400 shares, a decrease of 17.7% from the June 30th total of 295,800 shares. Based on an average trading volume of 148,400 shares, the short-interest ratio is currently 1.6 days. Currently, 0.7% of the shares of the stock are sold short.
NASDAQ MGEE traded up $1.00 during trading hours on Thursday, reaching $74.42. The company’s stock had a trading volume of 70,634 shares, compared to its average volume of 106,652. The stock has a market cap of $2.56 billion, a PE ratio of 30.02 and a beta of 0.42. MGE Energy has a fifty-two week low of $56.64 and a fifty-two week high of $76.44. The company’s 50-day moving average is $73.68 and its two-hundred day moving average is $68.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.33 and a current ratio of 1.65.
MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.45 EPS for the quarter. The firm had revenue of $122.15 million for the quarter. MGE Energy had a net margin of 15.05% and a return on equity of 10.38%.
Separately, BidaskClub raised shares of MGE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.
About MGE Energy
MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.
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