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Is MGE Energy (MGEE) Outperforming Other Utilities Stocks This Year?
ZACKS· 2024-06-18 14:41
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. MGE (MGEE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-todate performance to find out. MGE is one of 106 individual stocks in the Utilities sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank ...
Why MGE (MGEE) is a Great Dividend Stock Right Now
zacks.com· 2024-05-27 16:46
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, ...
Reasons to Add MGE Energy (MGEE) Stock to Your Portfolio Now
zacks.com· 2024-05-23 17:15
Core Viewpoint - MGE Energy Inc. (MGEE) is considered a strong investment choice due to its solid fundamentals, favorable growth estimates, and a Zacks Rank 2 (Buy) [1] Growth Projections - The Zacks Consensus Estimate for 2024 earnings has increased by 0.3% over the past 60 days, currently projected at $3.69 per share [2] - The Zacks Consensus Estimate for 2024 sales is set at $706.8 million, indicating a year-over-year growth of 2.4% [2] Dividend - MGE Energy has a long history of rewarding shareholders with cash dividends, having paid them for over 110 years and approved annual increases for the past 48 years [3] - The current dividend yield for MGEE is 2.13%, which surpasses the Zacks S&P 500 composite average yield of 1.57% [3] Debt to Capital - As of the end of the first quarter of 2024, MGE Energy's debt to capital ratio was 38.24%, significantly lower than the industry average of 54.69%, indicating efficient debt management [4] Return on Equity - The company's return on equity for the trailing 12 months stands at 11.72%, outperforming the industry average of 9.91%, reflecting higher efficiency in utilizing shareholders' funds [5] Price Performance - Over the past year, MGE Energy's stock has appreciated by 6.2%, compared to a 5.6% increase in the industry [6] Other Stocks to Consider - Other top-ranked stocks in the same industry include DTE Energy (DTE), Evergy (EVRG), and Public Service Enterprise Group (PEG), all carrying a Zacks Rank 2 [7] - Long-term earnings growth projections for these companies are 8.2% for DTE Energy, 5% for Evergy, and 5.36% for Public Service Enterprise Group [7] Recent Earnings Estimate Changes - In the past 60 days, the Zacks Consensus Estimate for 2024 earnings has risen by 0.2% for DTE Energy, and by 0.3% for both Evergy and Public Service Enterprise Group [8]
Here is Why Growth Investors Should Buy MGE (MGEE) Now
Zacks Investment Research· 2024-05-13 17:46
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting- edge growth stocks. MGE (MGEE) is on the list of such stocks currently recommended by our propr ...
Why MGE (MGEE) is a Top Dividend Stock for Your Portfolio
Zacks Investment Research· 2024-05-10 16:47
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, ...
MGE Energy(MGEE) - 2024 Q1 - Quarterly Results
2024-05-08 14:39
[Form 8-K: Current Report](index=1&type=section&id=Form%208-K%3A%20Current%20Report) This report details MGE Energy, Inc.'s first quarter 2024 earnings announcement and related exhibits [Item 2.02. Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition) MGE Energy, Inc. announced its first quarter 2024 earnings via a press release filed as Exhibit 99.1 - MGE Energy, Inc. issued a press release on May 8, 2024, to announce its financial results for the first quarter of 2024[6](index=6&type=chunk) - The earnings press release is furnished as Exhibit 99.1 to this report[6](index=6&type=chunk) - This Form 8-K is a combined filing furnished separately by MGE Energy, Inc. and Madison Gas and Electric Company[7](index=7&type=chunk) [Item 9.01. Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the report, including the Q1 2024 earnings press release and interactive data file Exhibit List | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press release of MGE Energy, Inc., issued on May 8, 2024 | | 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document) | [Signatures](index=3&type=section&id=Signatures) The report was officially signed on May 8, 2024, by Tamara J. Johnson, Vice President - Chief Accounting Officer and Controller - The report was signed on May 8, 2024, by Tamara J. Johnson, Vice President - Chief Accounting Officer and Controller[11](index=11&type=chunk)
MGE Energy(MGEE) - 2024 Q1 - Quarterly Report
2024-05-08 14:37
United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: March 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______________ to _______________ | Commission Name of Registrant, State of Incorporation, Address | IRS Employer | | --- | --- | | File No. of Principal Executive Office ...
MGE (MGEE) Upgraded to Buy: Here's What You Should Know
Zacks Investment Research· 2024-04-24 17:01
MGE (MGEE) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earnings p ...
MGE (MGEE) is a Top Dividend Stock Right Now: Should You Buy?
Zacks Investment Research· 2024-04-24 16:46
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend y ...
MGE Energy(MGEE) - 2023 Q4 - Annual Results
2024-02-21 17:45
[Form 8-K Current Report](index=1&type=section&id=Form%208-K) This current report details MGE Energy, Inc.'s fourth quarter and full-year 2023 financial results and related exhibits [Item 2.02. Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition.) MGE Energy, Inc. announced its fourth quarter and full-year 2023 financial results via a press release furnished as Exhibit 99.1 - MGE Energy, Inc. issued a press release on **February 21, 2024**, announcing its financial results for the fourth quarter and full year of 2023[6](index=6&type=chunk) - The earnings press release is attached as **Exhibit 99.1** to this report[6](index=6&type=chunk) - This Form 8-K represents a combined filing for MGE Energy, Inc. and its subsidiary, Madison Gas and Electric Company, with each entity responsible for its own information[7](index=7&type=chunk) [Item 9.01. Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits.) This section details the exhibits filed with the Form 8-K, including the 2023 financial results press release and interactive data file Exhibits Filed | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press release of MGE Energy, Inc., issued on February 21, 2024 | | 104 | Cover Page Interactive Data File (XBRL tags) | [Signatures](index=3&type=section&id=SIGNATURES) The report was signed and authorized on February 21, 2024, by Tamara J. Johnson for both MGE Energy, Inc. and Madison Gas and Electric Company - The report was signed on **February 21, 2024**, by **Tamara J. Johnson**, Vice President - Chief Accounting Officer and Controller[12](index=12&type=chunk)