On Tuesday, MGE Energy, Inc (NASDAQ: MGEE) opened lower -0.80% from the last session, before settling in for the closing price of $104.91. Price fluctuations for MGEE have ranged from $61.94 to $109.22 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 4.67%. Company’s average yearly earnings per share was noted 9.54% at the time writing. With a float of $36.11 million, this company’s outstanding shares have now reached $36.20 million.
Considering the fact that the conglomerate employs 719 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 33.18%, operating margin of 21.86%, and the pretax margin is 19.67%.
MGE Energy, Inc (MGEE) Insider Activity
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of MGE Energy, Inc is 0.28%, while institutional ownership is 61.68%. The most recent insider transaction that took place on Aug 23 ’24, was worth 35,480. In this transaction Director of this company bought 406 shares at a rate of $87.36, taking the stock ownership to the 10,295 shares. Before that another transaction happened on May 30 ’24, when Company’s Director bought 58 for $78.00, making the entire transaction worth $4,497. This insider now owns 9,834 shares in total.
MGE Energy, Inc (MGEE) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 9.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.40% during the next five years compared to 6.01% growth over the previous five years of trading.
MGE Energy, Inc (NASDAQ: MGEE) Trading Performance Indicators
Check out the current performance indicators for MGE Energy, Inc (MGEE). In the past quarter, the stock posted a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.62. Likewise, its price to free cash flow for the trailing twelve months is 215.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.28, a number that is poised to hit 0.84 in the next quarter and is forecasted to reach 3.95 in one year’s time.
Technical Analysis of MGE Energy, Inc (MGEE)
Compared to the last year’s volume of 0.21 million, its volume of 0.27 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 44.65%. Additionally, its Average True Range was 2.32.
During the past 100 days, MGE Energy, Inc’s (MGEE) raw stochastic average was set at 82.74%, which indicates a significant increase from 24.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.10% in the past 14 days, which was lower than the 23.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $95.90, while its 200-day Moving Average is $83.87. Nevertheless, the first resistance level for the watch stands at $105.27 in the near term. At $106.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $107.12. If the price goes on to break the first support level at $103.42, it is likely to go to the next support level at $102.76. Should the price break the second support level, the third support level stands at $101.57.
MGE Energy, Inc (NASDAQ: MGEE) Key Stats
There are currently 36,208K shares outstanding in the company with a market cap of 3.77 billion. Presently, the company’s annual sales total 690,430 K according to its annual income of 117,700 K. Last quarter, the company’s sales amounted to 168,480 K and its income totaled 40,940 K.
