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

MGE Energy (NASDAQ:MGEE) released its quarterly earnings results 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%. The firm had revenue of $171.42 million during the quarter.

MGE Energy Stock Up 1.2 %

Shares of NASDAQ:MGEE opened at $94.13 on Wednesday. The firm has a market capitalization of $3.41 billion, a PE ratio of 28.79 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 1.41. MGE Energy has a 52-week low of $61.94 and a 52-week high of $109.22. The firm has a fifty day moving average of $91.40 and a 200 day moving average of $92.81.

MGE Energy Announces Dividend

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

Analyst Ratings Changes

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