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Zacks Investment Research Lowers MGE Energy Inc. (MGEE) to Sell
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According to Zacks, “MGE Energy is a public utility holding company. Its principal subsidiary, MGE, generates and distributes electricity to more than 128,000 customers in Dane County, Wisconsin (250 square miles) and purchases, transports and distributes natural gas to nearly 123,000 customers in seven south-central and western Wisconsin counties (1,375 square miles). (Press Release) “
Separately, BidaskClub upgraded shares of MGE Energy from a hold rating to a buy rating in a research note on Saturday, June 17th.
Shares of MGE Energy (NASDAQ:MGEE) traded up 0.24% during midday trading on Friday, reaching $63.10. 26,704 shares of the company’s stock traded hands. MGE Energy has a 52-week low of $53.48 and a 52-week high of $68.60. The stock has a market cap of $2.19 billion, a P/E ratio of 28.11 and a beta of 0.35. The stock has a 50-day moving average price of $65.75 and a 200-day moving average price of $64.34.
MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.56 EPS for the quarter. The business had revenue of $156.82 million during the quarter. MGE Energy had a net margin of 14.05% and a return on equity of 10.81%. Analysts forecast that MGE Energy will post $2.30 earnings per share for the current year.
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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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