Media coverage about MGE Energy (NASDAQ:MGEE) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MGE Energy earned a news impact score of 0.13 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.6852984495762 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s analysis:
- MGE Energy Issues September 2017 ‘Interim Report’ (finance.yahoo.com)
- Zacks: MGE Energy Inc. (MGEE) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Critical Review: Allete (ALE) versus MGE Energy (MGEE) (americanbankingnews.com)
- MGE Energy, Inc. breached its 50 day moving average in a Bullish Manner : MGEE-US : September 12, 2017 (finance.yahoo.com)
- MGE Energy Inc. (MGEE) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
MGE Energy (NASDAQ MGEE) opened at 66.20 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 29.71 and a beta of 0.36. The company has a 50 day moving average of $64.84 and a 200 day moving average of $64.66. MGE Energy has a 52 week low of $53.48 and a 52 week high of $68.70.
MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $126.46 million during the quarter. MGE Energy had a return on equity of 10.60% and a net margin of 13.82%. Equities analysts expect that MGE Energy will post $2.30 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.3225 dividend. The ex-dividend date was Wednesday, August 30th. This is an increase from MGE Energy’s previous quarterly dividend of $0.31. This represents a $1.29 dividend on an annualized basis and a yield of 1.95%. MGE Energy’s dividend payout ratio (DPR) is currently 57.85%.
Several research analysts recently commented on MGEE shares. Zacks Investment Research downgraded shares of MGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. BidaskClub downgraded shares of MGE Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.
In related news, insider Jeffrey M. Keebler purchased 547 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average cost of $64.02 per share, for a total transaction of $35,018.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.
About MGE Energy
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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