Analysts Estimate Report : What to Look Out for MGE Energy (NASDAQ:MGEE)

Earnings results for MGE Energy (NASDAQ:MGEE)

MGE Energy Inc. is estimated to report earnings on 02/24/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.5. The reported EPS for the same quarter last year was $0.48.

Analyst Opinion on MGE Energy (NASDAQ:MGEE)

2 Wall Street analysts have issued ratings and price targets for MGE Energy in the last 12 months. Their average twelve-month price target is $61.00, predicting that the stock has a possible downside of 7.34%. The high price target for MGEE is $65.00 and the low price target for MGEE is $57.00. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

MGE Energy has received a consensus rating of Hold. The company’s average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating. According to analysts’ consensus price target of $61.00, MGE Energy has a forecasted downside of 7.3% from its current price of $65.83. MGE Energy has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: MGE Energy (NASDAQ:MGEE)

MGE Energy pays a meaningful dividend of 2.25%, higher than the bottom 25% of all stocks that pay dividends. MGE Energy has been increasing its dividend for 7 years. The dividend payout ratio of MGE Energy is 58.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGE Energy will have a dividend payout ratio of 51.57% next year. This indicates that MGE Energy will be able to sustain or increase its dividend.

Insiders buying/selling: MGE Energy (NASDAQ:MGEE)

In the past three months, MGE Energy insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $1,466.00 in company stock and sold $0.00 in company stock. Only 0.18% of the stock of MGE Energy is held by insiders. 47.20% of the stock of MGE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of MGE Energy (NASDAQ:MGEE

Earnings for MGE Energy are expected to grow by 7.09% in the coming year, from $2.68 to $2.87 per share. The P/E ratio of MGE Energy is 24.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.32. The P/E ratio of MGE Energy is 24.94, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 34.76. MGE Energy has a PEG Ratio of 4.86. PEG Ratios above 1 indicate that a company could be overvalued. MGE Energy has a P/B Ratio of 2.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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