MGE Energy: Overvalued Despite A Strong Q2 Earnings Result [Seeking Alpha]
MGE Energy Inc. (MGEE)
US:NASDAQ Investor Relations:
mgeenergy.com
Company Research
Source: Seeking Alpha
MGE Energy: Overvalued Despite A Strong Q2 Earnings ResultSummaryWisconsin electric and natural gas utility MGE Energy reported Q2 earnings earlier this month that surpassed its solid Q2 2017 result.A cold start to the quarter and continued customer growth enabled the higher earnings result even as revenues declined.The forecast for the 2018/19 winter resembles that of 2015/16 when an El Nino event contributed to lower earnings for MGE Energy.The company's shares are also overvalued on both trailing and forward bases following a large share price rally in 2018 to date.
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MGEE
News
- MGE Energy Reports First-Quarter 2024 EarningsBusiness Wire
- MGE Energy, Inc. (NASDAQ:MGEE) is favoured by institutional owners who hold 62% of the company [Yahoo! Finance]Yahoo! Finance
- MGE (MGEE) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Returns On Capital At MGE Energy (NASDAQ:MGEE) Have Hit The Brakes [Yahoo! Finance]Yahoo! Finance
- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric Customers [Yahoo! Finance]Yahoo! Finance
MGEE
Earnings
- 5/8/24 - Miss
MGEE
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/5/24 - Form SC
- 4/5/24 - Form ARS
- MGEE's page on the SEC website