MGE Energy (NASDAQ:MGEE – Get Rating) had its price objective cut by Morgan Stanley from $77.00 to $75.00 in a research report released on Thursday morning, Stock Target Advisor reports. They currently have an underweight rating on the utilities provider’s stock.
MGE Energy Stock Performance
Shares of MGE Energy stock opened at $75.34 on Thursday. MGE Energy has a one year low of $69.23 and a one year high of $86.27. The company has a market cap of $2.72 billion, a PE ratio of 26.16, a P/E/G ratio of 5.97 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.83 and a current ratio of 1.21. The business has a 50-day simple moving average of $79.55 and a 200-day simple moving average of $79.20.
MGE Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.4075 per share. This is a boost from MGE Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, August 31st. This represents a $1.63 annualized dividend and a yield of 2.16%. MGE Energy’s payout ratio is presently 56.60%.
Institutional Investors Weigh In On MGE Energy
About MGE Energy
MGE Energy, Inc, through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services.
- Get a free copy of the StockNews.com research report on MGE Energy (MGEE)
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