MGE Energy (MGEE) Expected to Announce Earnings on Wednesday

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

MGE Energy Trading Down 1.1 %

MGEE opened at $89.44 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.41 and a quick ratio of 0.94. The company’s 50 day simple moving average is $92.36 and its two-hundred day simple moving average is $92.53. MGE Energy has a 1-year low of $61.94 and a 1-year high of $109.22. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 27.35 and a beta of 0.76.

MGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, February 28th. MGE Energy’s dividend payout ratio (DPR) is 55.05%.

Analyst Ratings Changes

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

MGE Energy Company Profile

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.