MGE Energy (MGEE) to Release Quarterly Earnings on Wednesday

MGE Energy (NASDAQ:MGEE) is anticipated to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.84 per share for the quarter.

MGE Energy Trading Down 1.1 %

Shares of MGE Energy stock opened at $89.44 on Tuesday. The business has a fifty day simple moving average of $92.15 and a two-hundred day simple moving average of $92.53. MGE Energy has a 1 year low of $61.94 and a 1 year high of $109.22. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 27.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94.

MGE Energy Dividend Announcement

The firm 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, February 28th. MGE Energy’s dividend payout ratio is 55.05%.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH upgraded MGE Energy to a “strong sell” rating in a research report on Thursday, December 12th.

About MGE Energy

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.