MGE Energy Inc (NASDAQ: MGEE) has reported earnings for its third fiscal quarter (ending September 30) of $1.05 versus $0.93 for the same period a year ago — an increase of 13%. Relative to the consensus estimate of $1.08, this was a shortfall of $-0.03. For the latest four quarters through September 30, E.P.S. were $3.28 versus $2.85 for the same period a year ago — an increase of 15%.
Recent Price Action
MGE Energy Inc (NASDAQ: MGEE) stock enjoyed a large increase of 2.7% on 11/2/23. The stock closed at $74.33. The stock has risen 4.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MGEE is expected to continue to be a Value Builder.
MGE Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. MGE Energy has a poor Appreciation Score of 29 but a slightly positive Power Rating of 62, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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