Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does MGE (MGEE) have what it takes?
MGE Energy is a high-quality regulated utility with sector-leading credit ratings and robust rate base growth, benefiting from a constructive Wisconsin regulatory environment. MGEE's stock has re-rated near fair value, supporting a Hold rating with an $85.37 price target, reflecting limited upside and a 2.31% forward dividend yield. Capex guidance has increased to $1.9 billion (2026-2030), driven by renewables and the RockGen acquisition, with share dilution and execution risk as key concerns.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does MGE (MGEE) have what it takes?
MGE (MGEE) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.14 per share a year ago.
Last summer, MGE Energy joined the vaunted ranks of the Dividend Kings with its 50th consecutive payout raise. The demographics of MGEE's service territories are still strong, which supports yet another hike in the five-year capital spending plan. The company's S&P credit rating is the best in the nation among investor-owned utilities.
First Trust Advisors LP increased its stake in MGE Energy Inc. (NASDAQ: MGEE) by 2.3% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,382 shares of the utilities provider's stock after purchasing an additional 11,432 shares during the period. First
MGE (MGEE) came out with quarterly earnings of $0.64 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.61 per share a year ago.
MGE (MGEE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MGE (MGEE) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.13 per share a year ago.
MGE (MGEE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MGE (MGEE) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.66 per share a year ago.
MGE (MGEE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.