Published On: Wed, Oct 19th, 2016

MGE Energy Inc. (NASDAQ:MGEE) Latest Broker Coverage

A number of investment brokers have recently updated their price targets on shares of MGE Energy Inc. (NASDAQ:MGEE).

Most recent broker ratings

11/25/2015 – Robert W. Baird began new coverage on MGE Energy Inc. giving the company a “neutral” rating. They now have a USD 44 price target on the stock.

05/04/2015 – MGE Energy Inc. was downgraded to “hold” by analysts at Zacks. They now have a USD 49.1 price target on the stock.

05/12/2014 – MGE Energy Inc. was upgraded to “buy” by analysts at Ned Davis Research.

The share price of MGE Energy Inc. (NASDAQ:MGEE) was up +0.11% during the last day of trading, with a day high of 56.41. 66655 shares were traded during the last session.

The stock’s 50 day moving average is 55.90 and its 200 day moving average is 54.15. The stock’s market capitalization is 1.93B. MGE Energy Inc. has a 52-week low of 40.08 and a 52-week high of 59.49.

MGE Energy, Inc. is a holding company. The Company operates through its subsidiaries. It operates through five segments: Regulated electric utility operations, Regulated gas utility operations, Nonregulated energy operations, Transmission investments and All other. Its Regulated electric utility operations segment generates, purchases and distributes electricity through MGE. MGE transports and distributes natural gas in a service area covering approximately 1,682 square miles in over seven south-central Wisconsin counties. Its Nonregulated energy operations segment comprises development of generation sources. Its Transmission investments segment represents its investment in American Transmission Company LLC, which is engaged in the business of providing electric transmission services primarily in Wisconsin. The All other segment is engaged in investing in companies and property that relate to the regulated operations and financing the regulated operations through its subsidiaries.