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
Summary MGE Energy ( MGEE ) is a small electricity and natural gas utility that operates a service area in southern and southwestern Wisconsin. The company provides electricity generation and distribution to 151,000 customers in the Madison, WI area and natural gas purchase and distribution to 158,000 customers throughout its service area. (For more information on its operations please see my previous article on the utility.) The utility's share price has experienced an uncommon amount of volatility in 2018 to date, and its most recent rally has seen it climb by more than 20% since early March (see figure). This rally caught a second wind earlier this month after the company reported a solid increase to its net income in Q2 2018 compared to Q2 2017 even as its revenue declined slightly over the same period. MGEE data by YCharts MGE Energy's Q2 revenue fell from $126.5 million to $124.3 million YoY. An unseasonably cool late spring/early summer caused th
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MGEE
News
- 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
- MGE Seeks to Expand Popular Community Solar Program for Residential and Small Business Electric CustomersBusiness Wire
- MGE Energy, Inc. (NASDAQ: MGEE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- MGE Energy, Inc. (NASDAQ: MGEE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
MGEE
Earnings
- 11/2/23 - Miss
MGEE
Analyst Actions
- 1/31/24 - TheStreet
MGEE
Sec Filings
- 4/5/24 - Form SC
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- MGEE's page on the SEC website