MGE Energy Inc (NASDAQ: MGEE) has reported earnings for its third fiscal quarter (ending September 30) of $1.13 versus $1.05 for the same period a year ago — an increase of 8%. E.P.S. were $3.27 for the latest four quarters through September 30 versus $3.28 for the same period a year ago — a decline of -0%.
Recent Price Action
On 11/6/24, MGE Energy Inc (NASDAQ: MGEE) stock enjoyed a very large increase of 7.2%, closing at $97.32. Moreover, exceptionally high trading volume at 438% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.9% 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 B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MGE Energy has a slightly negative Appreciation Score of 38 but a very high Power Rating of 90, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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