mgee stock price

On average, they expect the company’s share price to reach $72.00 in the next twelve months. View analysts price targets for MGEE or view top-rated stocks among Wall Street analysts. Turning to its balance sheet, AEHR ended the quarter with cash and short-term investments of $42.8 million. During the quarter, the company sold 208,917 shares at an average price of $34.78 per share through at-the-market offerings. For the current quarter, the company said to expected between $2 and $2.06 in earnings per share for the current quarter, while analysts forecasted $1.96. Keysight guided revenue for the quarter to come in between $1.37 billion and $1.39 billion, a range that contains Wall Street’s consensus estimate of $1.38 billion.

Only half of those so-called signposts — which include Fed rate cuts and a steepening yield curve — have been triggered. The value each MGEE share was expected to gain vs. the value that each MGEE share actually gained. There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer. You can sign up for an account directly on our website or by downloading the Public app for iOS or Android. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

The market for SiC continues to look bright, while the GaN market adds additional optionality. Looking ahead, the company said it was comfortable with its full-year guidance for revenue of between $60-70 million, which would be growth of 18-30%. It also continues to believe that bookings growth will be faster than revenue growth. The CEO said GaN can expand its total addressable market in a meaningful way. The WSJ Dollar Index gained 0.3%, on pace to finish higher for the sixth session in the last eight trading days. Stocks are higher in Wednesday afternoon trading after President Biden expressed optimism about debt-ceiling talks, and said he’s confident a default will be avoided.

Singapore non-oil domestic exports posts surprise monthly rise in April, total trade

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mgee stock price

By comparison, analysts polled by FactSet expected $1.96 per share and revenue to come in slightly lower at $1.38 billion. MGE Energy’s stocks have had quite some movements lately as they opened at $77 on Tuesday with its fifty-day moving average price standing at $76 and its 200-day moving average price at $72. The publicly traded company has a market capitalization of $2.81 billion with a P/E ratio of 26.15 and a beta of 0.72. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price.

How has MGEE performed historically compared to the market?

Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. MGEE’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Here’s Why MGE Energy (NASDAQ:MGEE) Has Caught The Eye Of Investors – Simply Wall St

Here’s Why MGE Energy (NASDAQ:MGEE) Has Caught The Eye Of Investors.

Posted: Sat, 11 Mar 2023 08:00:00 GMT [source]

Nothing on this website should be considered personalized financial advice. With such impressive figures and its strong market presence, it is no wonder that MGE Energy remains a favorite among research firms assessing players within this industry. In March 2021, Stock began coverage on MGE Energy with a “hold” rating. More recently, Morgan Stanley increased its price objective for shares of MGE Energy from $68.00 to $72.00 whilst giving an underweight rating report on Thursday 20th April. When you first look at it, MGE Energy’s ROE doesn’t look that attractive.

How big is MGE Energy Inc?

MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers. Alternative Assets.Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured.

But increased capacity is coming from the likes of WOLF, STMicroelectronics (STM), and others, and AEHR will be there to supply the needed test equipment. The 50-day moving average is a short-term technical indicator of where an asset or an index is trading. A close below that level may signal a potential change toward the downside. The firm now rates Wynn Resorts stock as overweight with 31% upside compared to current trading levels. Barclays also highlighted the company’s performance in its Las Vegas properties. Target — Shares of the big-box retailer rose more than 2% after the company topped Wall Street’s earnings expectations for its fiscal first quarter.

  • They also said that more than 250 companies in the index were down for the year, yet the benchmark is still up year to date.
  • Shareholders of record on Wednesday, March 1st will be given a dividend of $0.407 per share on Wednesday, March 15th.
  • Revenue also beat expectations at $111 million compared with a $110.1 million forecast.
  • MGE Energy’s stocks have had quite some movements lately as they opened at $77 on Tuesday with its fifty-day moving average price standing at $76 and its 200-day moving average price at $72.

Adjusted EPS, which takes out stock comp, was 16 cents, 2 cents ahead of the analyst consensus. For the full fiscal year, the company said to expect between $500 million and $506 million in revenue, a range that contains the Wall Street estimate of $501.8 million. The company expects adjusted EBITDA for the year to come in between $216 million and $222 million, while analysts anticipate $215.7 million. Of the 11 S&P 500 sectors, only health care, consumer staples and utilities were trading in negative territory during midday trading. EVGo — The EV charging station supplier fell nearly 16% in midday trading on news of a public offering of $125 million Class A stock. Earlier on Tuesday, Stifel initiated coverage of EVGo with a buy rating.

During the meeting, Musk teased new Tesla products, while also reiterating plans to roll out the first Cybertrucks this year. He also noted that the company faces some difficult months ahead. Biden’s remarks underscore earlier comments from House Speaker Kevin McCarthy, who told CNBC in an interview that he doesn’t think the U.S. will default on its debt.

Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. MGE Energy saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 243,400 shares, an increase of 12.9% from the April 15th total of 215,600 shares. Based on an average daily volume of 83,700 shares, the days-to-cover ratio is presently 2.9 days. Ultimately, Audacy could look to NASDAQ or another stock exchange, but it would be a reputational blow with shareholders and customers. They’ve gone from $11 per share to 9 cents per share in the span of six years, and they’ve got a lot of bloat that needs to be trimmed down in order to get the business wheels turning again.

Alongside these institutional investors and hedge funds, Great West Life Assurance Co. Can purchased a new stake worth approximately $119,000 during the third quarter. In addition, MGE Energy has been paying dividends over a period of at least ten years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth. Upon studying the latest analysts’ consensus data, we found that the company is expected to keep paying out approximately 48% of its profits over the next three years. Therefore, the company’s future ROE is also not expected to change by much with analysts predicting an ROE of 12%. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account.

The short version is that the NYSE told Audacy last summer that they needed to get the stock price back above a dollar. Audacy, which owns 94 WIP and other local stations, has cut costs in some areas and planned to initiate a reverse stock split to avoid de-listing. The stock is a “Buy” at around current levels for long-term growth-oriented investors that are willing to ride some volatility. For fiscal Q3, AEHR reported revenue of $17.2 million, up 13% from a year ago.

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Compare
MGEE’s historical performance
against its industry peers and the overall market. The Barchart Technical Opinion rating is a 80% Buy with a Average short term outlook on maintaining the current direction.

The SPDR S&P Regional Bank ETF jumped 3.4%, while Western Alliance soared 12%. Sam Stovall, chief investment strategist at CFRA Research, said he expects that markets are stuck in neutral, even as the news becomes “more and more optimistic” on the debt ceiling. He cited recent trends in the 10-year Treasury yield, as well as strength indicators in the S&P 500.

1 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for MGE Energy in the last year. The consensus among Wall Street research analysts is that investors should “sell” MGEE shares. In its fiscal second quarter, the company reported $2.12 in earnings per share without items and $1.39 billion in revenue.

We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Target traded more than 2% lower in the premarket after the retailer reported total revenue of $25.32 billion for the first quarter, which represented year-over-year growth of just 1%. To be sure, that revenue figure, along with the company’s earnings per share, exceeded analyst expectations. 1 brokerages have issued 1 year price targets for MGE Energy’s stock.

An indication of interest to purchase securities involves no obligation or commitment of any kind. The company reported 20 cents in earnings per share excluding items, above the 17 cents expected by analysts. Revenue also beat expectations at $111 million compared with a $110.1 million forecast.

mgee stock price

Stocks surged to session highs during midday trading as hopes that an agreement will be reached on debt ceiling negotiations grew on Wall Street. Consumer staples and utilities were the only two S&P 500 sectors last trading in negative territory. Consumer staples was down 0.2%, while utilities stocks were just slightly lower.

  • Sign-up to receive the latest news and ratings for MGE Energy and its competitors with MarketBeat’s FREE daily newsletter.
  • Keysight guided revenue for the quarter to come in between $1.37 billion and $1.39 billion, a range that contains Wall Street’s consensus estimate of $1.38 billion.
  • Looking ahead, the company said it was comfortable with its full-year guidance for revenue of between $60-70 million, which would be growth of 18-30%.
  • Can purchased a new stake worth approximately $119,000 during the third quarter.
  • Both of those estimates were below consensus expectations, with analysts polled by FactSet anticipating revenue at $11.8 million and adjusted EBITDA at $45.4 million.

“While the equal-weight S&P and Russell 2000 closed right on crucial support, transports haven’t been as fortunate, as downside momentum accelerates…not exactly what the equity or economic bulls want to see,” Rob Ginsberg wrote Tuesday. April housing starts came in line with expectations, at 1.4 million. That’s in line with the 1.4 million expected by analysts polled by Dow Jones. The comments come a day after President Joe Biden met with top congressional leaders to try to find a way around the debt impasse.

Spink has been CFO of the company for 15 years, as has been CFO since 2015. He is 58 years old, and he noted that his wife retired a few years ago. Through the first nine months of its fiscal year, AEHR has generated $4.1 million in operating cash flow. Gross margins came in at 51.6%, up 970 basis points year over year or up 300 basis points excluding a one-time adjustment for obsolete inventory. On a sequential basis, gross margins slipped -180 basis points due to product mix and less favorable freight costs. The Dow ended the trading session below a key threshold on Tuesday.

“As of last night close SPX is up 270 points YTD. Of the 270 points, eight names in FAANMG have contributed 310 points,” Mizuho said in a note. They also said that more than 250 companies in the index were down for the year, yet the benchmark is still up year to date. Traders at Mizuho noted that, without major technology stocks such as Apple and Microsoft, the S&P 500 would be lower in 2023. On Wednesday morning, Biden said from the White House that he and the other lawmakers had a “productive” meeting, and will come to an agreement. “Now we have a structure to find a way to come to a conclusion,” McCarthy told CNBC’s “Squawk Box” on Wednesday. “I think at the end of the day we do not have a debt default. I think we finally got the president to agree to negotiate.”

Please see Open to the Public Investing’s Fee Schedule to learn more. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

Merging expertise with commitment to innovation and sustainability comes at an opportune time when the climate crisis calls for revolutionary approaches to how we operate essential Services industries such as power generation. The utility service provider’s strategic approach coupled with these promising investment indicators indeed sets a winning course for MGEE inside-outside of today’s complex environment. We then compared MGE Energy’s net income growth with the industry and found that the company’s growth figure is lower than the average industry growth rate of 7.3% in the same period, which is a bit concerning.

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