MGE Energy, Inc. [MGEE] stock is trading at $75.33, up 19.21%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MGEE shares have gain 19.14% over the last week, with a monthly amount glided 14.78%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MGE Energy, Inc. [NASDAQ: MGEE] stock has seen the most recent analyst activity on November 17, 2021, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $69 from $71. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on September 09, 2020, and set its price target to $64. On May 26, 2020, BofA/Merrill initiated with a Underperform rating and assigned a price target of $57 on the stock. Robert W. Baird started tracking the stock assigning a Neutral rating and suggested a price target of $44 on November 25, 2015. DA Davidson upgraded its rating to a Neutral and raised its price target to $48.50 on August 08, 2012. DA Davidson downgraded its rating to Underperform for this stock on March 02, 2011, and downed its price target to $37. In a note dated July 30, 2009, DA Davidson initiated an Neutral rating and provided a target price of $37 on this stock.
MGE Energy, Inc. [MGEE] stock has fluctuated between $61.94 and $83.27 over the past year. Currently, Wall Street analysts expect the stock to reach $66 within the next 12 months. MGE Energy, Inc. [NASDAQ: MGEE] shares were valued at $75.33 at the most recent close of the market. An investor can expect a potential drop of -12.39% based on the average MGEE price forecast.
Analyzing the MGEE fundamentals
MGE Energy, Inc. [NASDAQ:MGEE] reported sales of 690.43M for the trailing twelve months, which represents a drop of -13.26%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 69.39 points at the first support level, and at 63.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.44, and for the 2nd resistance point, it is at 81.56.
MGE Energy, Inc. [MGEE] reported earnings per share of $0.55 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.61/share, meaning a difference of -$0.06 and a surprise factor of -9.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.05 per share as compared to estimates of $1.03 per share, a difference of $0.02 representing a surprise of 1.90%.
Ratios To Look Out For
For context, MGE Energy, Inc.’s Current Ratio is 1.52. Further, the Quick Ratio stands at 1.05, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 2.39 and price to earnings (TTM) ratio is 23.16.
Transactions by insiders
Recent insider trading involved Smith Scott Robert, VP Business and Reg. Strategy, that happened on Dec 06 when 134.0 shares were purchased. Director, Berbee James G completed a deal on Dec 06 to buy 20.0 shares. Meanwhile, Director Berbee James G bought 100.0 shares on Nov 15.
