MGE Energy Inc (NASDAQ: MGEE) has reported E.P.S. of $0.93 for its first fiscal quarter (ending March 31) versus $0.86 for the same period a year ago — an increase of 8%. For the latest four quarters through March 31, E.P.S. were $3.32 compared to $2.97 a year ago — an increase of 12%.
Recent Price Action
On 5/8/24, MGE Energy Inc (NASDAQ: MGEE) stock rose modestly by 0.5%, closing at $80.09. However, this advance was accompanied by exceptionally low trading volume at 32% of normal. The stock has performed in line with the market over the last nine months and has risen 2.3% during the last week.
Current PriceTarget Research Rating
MGEE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
MGE Energy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. MGE Energy has a neutral Power Rating of 49 and a slightly negative Appreciation Score of 34, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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