MGEE Stock Summary and Trading Ideas (Mge Energy | NASDAQ:MGEE)

MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The firm generates, purchases, and distributes electricity and natural gas, and also provides transmission services, the company generates electricity from coal and purchased power, but also from natural gas, fuel oil, and renewable sources. MGE operates through five segments, which include Regulated electric utility operations, Regulated gas utility operations, Non-regulated energy operations, Transmission investments, and All other segments which include investing in companies and property and financing the regulated operations. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers.

Mge Energy trades on the NASDAQ stock market under the symbol MGEE.

As of April 23, 2024, MGEE stock price climbed to $78.21 with 135,676 million shares trading.

MGEE has a beta of 0.35, meaning it tends to be less sensitive to market movements. MGEE has a correlation of 0.02 to the broad based SPY ETF.

MGEE has a market cap of $2.83 billion. This is considered a Mid Cap stock.

Last quarter Mge Energy reported $165 million in Revenue and $.55 earnings per share. This fell short of revenue expectation by $-86 million and missed earnings estimates by -$.06.

In the last 3 years, MGEE stock traded as high as $86.27 and as low as $61.67.

The top ETF exchange traded funds that MGEE belongs to (by Net Assets): IJR, VTI, VB, IWM, FVD.

MGEE stock has underperformed the market in the last year with a return of +3.2%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MGEE shares. However, MGEE has outperformed the market in the last 3 month and 2 week periods, returning +14.5% and -1.1%, while SPY returned +4.9% and -2.5%, respectively. This indicates MGEE has been having a stronger performance recently.

MGEE support price is $76.27 and resistance is $78.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGEE stock will trade within this expected range on the day.