MGE Energy, Inc.

MGEE

US55277P1049

Electric Utilities

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
77.6 ^USD	-1.42%		-0.19%	+7.32%

Mar. 18	MGE Energy, Inc.(NasdaqGS:MGEE) added to S&P 1000	CI
Mar. 18	MGE Energy, Inc.(NasdaqGS:MGEE) added to S&P 600 Utilities	CI

MGE Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023

February 21, 2024 at 12:41 pm EST

MGE Energy, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 690.43 million compared to USD 714.52 million a year ago. Revenue was USD 690.43 million compared to USD 714.52 million a year ago.

Net income was USD 117.7 million compared to USD 110.95 million a year ago. Basic earnings per share from continuing operations was USD 3.25 compared to USD 3.07 a year ago. Diluted earnings per share from continuing operations was USD 3.25 compared to USD 3.07 a year ago.

Latest news about MGE Energy, Inc.

MGE Energy, Inc.(NasdaqGS:MGEE) added to S&P 1000	Mar. 17	CI
MGE Energy, Inc.(NasdaqGS:MGEE) added to S&P 600 Utilities	Mar. 17	CI
MGE Energy, Inc.(NasdaqGS:MGEE) added to S&P Composite 1500	Mar. 17	CI
MGE Energy, Inc.(NasdaqGS:MGEE) added to S&P 600	Mar. 17	CI
Sector Update: Energy Stocks End Lower	Mar. 04	MT
Sector Update: Energy Stocks Decline Monday Afternoon	Mar. 04	MT
Sector Update: Energy	Mar. 04	MT
MGE Energy Shares Jump as Company Set to Join S&P SmallCap 600	Mar. 04	MT
Earnings Flash (MGEE) MGE ENERGY Posts Q4 Revenue $164.7M	Feb. 21	MT
MGE Energy Q4 Earnings, Operating Revenue Fall	Feb. 21	MT
MGE Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 21	CI
MGE Energy Maintains Quarterly Dividend at $0.4275 a Share, Payable March 15 to Shareholders of Record March 1	Jan. 19	MT
MGE Energy, Inc. Declares Regular Quarterly Dividend, Payable on March 15, 2024	Jan. 19	CI
Mge Energy, Inc. and Madison Gas and Electric Company Elected Patricia Ackerman, Daniel Kelly and Angela Rieger as Members of Both Boards of Directors, Effective March 1, 2024	Dec. 19	CI
Morgan Stanley Raises Price Target on MGE Energy to $62 From $61, Keeps Underweight Rating	Nov. 21	MT
Earnings Flash (MGEE) MGE ENERGY Posts Q3 Revenue $160.5M	Nov. 02	MT
MGE Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
Morgan Stanley Adjusts Price Target on MGE Energy to $61 From $65, Maintains Underweight Rating	23-10-25	MT
MGE Energy Maintains Quarterly Dividend at $0.4275 a Share, Payable Dec. 15 to Shareholders of Record Dec. 1	23-10-20	MT
MGE Energy, Inc. Declares Regular Quarterly Dividend, Payable on December 15, 2023	23-10-20	CI
Morgan Stanley Adjusts Price Target on MGE Energy to $65 From $63, Keeps Underweight Rating	23-09-21	MT
Morgan Stanley Trims Price Target on MGE Energy to $63 From $67, Maintains Underweight Rating	23-08-23	MT
MGE Energy Ups Quarterly Dividend to $0.4275 per Share From $0.4075, Payable Sept. 15 to Shareholders of Record Sept. 1	23-08-18	MT
MGE Energy Increases Regular Quarterly Dividend, Payable September 15, 2023	23-08-18	CI
Earnings Flash (MGEE) MGE ENERGY Posts Q2 Revenue $148M	23-08-03	MT

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Company Profile

MGE Energy, Inc. is a public utility holding company. The Company's segments include Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations, and Transmission investments. The Regulated electric utility operations segment is engaged in generating, purchasing, and distributing electricity through Madison Gas and Electric Company (MGE). The Regulated gas utility operations segment is engaged in purchasing and distributing natural gas through MGE. The Nonregulated energy operations segment owns and leases electric generating capacity that assists MGE through MGE Energy's wholly owned subsidiaries MGE Power Elm Road and MGE Power West Campus. The Transmission investments segment includes the investment in American Transmission Company LLC, which is engaged in the business of providing electric transmission services in Wisconsin, and ATC Holdco LLC, which facilitate out-of-state electric transmission development and investments.

Sector

Electric Utilities

Calendar

2024-05-01 - Q1 2024 Earnings Release (Projected)

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Russell 2000

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Income Statement Evolution

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Ratings for MGE Energy, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

77.6 USD

Average target price

63 USD

Spread / Average Target

-18.81%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

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Other Electric Utilities

MGE Energy, Inc.

Equities

MGEE

US55277P1049

Electric Utilities

MGE Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023