MGE Energy (NASDAQ:MGEE) Releases Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Posted by James Quigley on Feb 25th, 2025

MGE Energy (NASDAQ:MGEE – Get Free Report) released its quarterly earnings data 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%.

MGE Energy Stock Up 1.2 %

Shares of NASDAQ MGEE traded up $1.14 during midday trading on Tuesday, hitting $94.14. The stock had a trading volume of 41,112 shares, compared to its average volume of 172,920. The business’s 50 day moving average is $91.43 and its 200-day moving average is $92.74. MGE Energy has a 52 week low of $61.94 and a 52 week high of $109.22. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.41 billion, a P/E ratio of 28.78 and a beta of 0.76.

MGE Energy Announces Dividend

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

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on MGE Energy

MGE Energy Company Profile

(Get Free Report)

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.