MGE Energy, Inc. (NASDAQ:MGEE) Declares Quarterly Dividend of $0.45

MGE Energy, Inc. (NASDAQ:MGEE) declared a quarterly dividend on Friday, January 17th, RTT News reports. Shareholders of record on Saturday, March 1st will be given a dividend of 0.45 per share by the utilities provider on Saturday, March 15th. This represents a $1.80 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, February 28th.

MGE Energy has a payout ratio of 43.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect MGE Energy to earn $3.84 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 46.9%.

MGE Energy Stock Performance

MGE Energy stock opened at $94.13 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. MGE Energy has a twelve month low of $61.94 and a twelve month high of $109.22. The company’s 50-day moving average price is $91.40 and its 200-day moving average price is $92.81. The company has a market cap of $3.41 billion, a PE ratio of 28.79 and a beta of 0.76.

MGE Energy (NASDAQ:MGEE) last issued its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.23). The company had revenue of $171.42 million for the quarter. MGE Energy had a net margin of 17.70% and a return on equity of 10.18%. On average, equities research analysts forecast that MGE Energy will post 3.43 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded MGE Energy to a “strong sell” rating in a research report on Thursday, December 12th.

About MGE Energy

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.