MGE Energy, Inc. (NASDAQ:MGEE) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also given MGE Energy an industry rank of 224 out of 265 based on the ratings given to related companies.

A number of analysts have weighed in on MGEE shares. BidaskClub cut MGE Energy from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Gabelli reiterated a “hold” rating on shares of MGE Energy in a research report on Monday, November 13th.

Shares of MGE Energy (NASDAQ:MGEE) opened at $59.10 on Friday. The stock has a market capitalization of $2,050.00, a P/E ratio of 26.99 and a beta of 0.32. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.52. MGE Energy has a 1 year low of $58.30 and a 1 year high of $68.70.

MGE Energy (NASDAQ:MGEE) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share for the quarter. MGE Energy had a return on equity of 10.31% and a net margin of 13.52%. The firm had revenue of $139.54 million for the quarter. analysts predict that MGE Energy will post 2.2 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Amalgamated Bank grew its position in MGE Energy by 2.9% in the second quarter. Amalgamated Bank now owns 4,472 shares of the utilities provider’s stock valued at $288,000 after acquiring an additional 126 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MGE Energy by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 154 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in MGE Energy by 3.1% in the second quarter. PNC Financial Services Group Inc. now owns 7,485 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 222 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in MGE Energy by 2.4% in the second quarter. UBS Asset Management Americas Inc. now owns 24,909 shares of the utilities provider’s stock worth $1,603,000 after purchasing an additional 594 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in MGE Energy by 0.7% in the second quarter. Alliancebernstein L.P. now owns 86,140 shares of the utilities provider’s stock worth $5,543,000 after purchasing an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 38.32% of the company’s stock.

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MGE Energy Company Profile

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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