Buy Or Sell Opportunity • Jun 02
Now 22% overvalued Over the last 90 days, the stock has fallen 8.6% to €63.50. The fair value is estimated to be €51.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Declared Dividend • May 22
First quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 1st June 2026 Payment date: 15th June 2026 Dividend yield will be 2.6%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 21
MGE Energy, Inc. announces Quarterly dividend, payable on June 15, 2026 MGE Energy, Inc. announced Quarterly dividend of USD 0.4750 per share payable on June 15, 2026, ex-date on June 01, 2026 and record date on June 01, 2026. Tillkännagivande • May 08
MGE Energy, Inc. has completed a Follow-on Equity Offering in the amount of $250.000073 million. MGE Energy, Inc. has completed a Follow-on Equity Offering in the amount of $250.000073 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,300,331
Price\Range: $75.75
Discount Per Security: $2.8406 Tillkännagivande • Apr 03
MGE Energy, Inc., Annual General Meeting, May 19, 2026 MGE Energy, Inc., Annual General Meeting, May 19, 2026. Tillkännagivande • Feb 25
MGE Energy, Inc. has filed a Follow-on Equity Offering in the amount of $100 million. MGE Energy, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Tillkännagivande • Jan 17
MGE Energy, Inc. Declares Regular Quarterly Dividend, Payable on March 15, 2026 The board of directors of MGE Energy, Inc. declared the regular quarterly dividend of $0.4750 per share on the outstanding shares of the company's common stock, payable March 15, 2026, to shareholders of record at the close of business March 1, 2026. Tillkännagivande • Oct 18
MGE Energy, Inc. Declares Regular Quarterly Dividend on Common Stock, Payable on December 15, 2025 The board of directors of MGE Energy, Inc. declared the regular quarterly dividend of $0.4750 per share on the outstanding shares of the company's common stock, payable December 15, 2025, to shareholders of record at the close of business December 1, 2025. Tillkännagivande • Aug 16
MGE Energy, Inc. Increases Dividend, Payable on September 15, 2025 The board of directors of MGE Energy, Inc. increased the regular quarterly dividend rate 5.6% to $0.4750 per share on the outstanding shares of the company’s common stock. The dividend is payable Sept. 15, 2025, to shareholders of record Sept. 1, 2025. This raises the annualized dividend rate by 10 cents from $1.80 per share to $1.90 per share. Tillkännagivande • May 20
MGE Energy Declares Regular Dividend, Payable on June 15, 2025 The board of directors of MGE Energy, Inc. declared the regular quarterly dividend of $0.45 per share on the outstanding shares of the company's common stock, payable June 15, 2025, to shareholders of record at the close of business June 1, 2025. Tillkännagivande • Apr 07
MGE Energy, Inc., Annual General Meeting, May 20, 2025 MGE Energy, Inc., Annual General Meeting, May 20, 2025. Tillkännagivande • Jan 18
MGE Energy Declares Regular Dividend, Payable on March 15, 2025 The board of directors of MGE Energy, Inc. declared the regular quarterly dividend of $0.45 per share on the outstanding shares of the company's common stock, payable March 15, 2025, to shareholders of record at the close of business March 1, 2025. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €100, the stock trades at a trailing P/E ratio of 32.6x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$1.13 (vs US$1.05 in 3Q 2023) Third quarter 2024 results: EPS: US$1.13 (up from US$1.05 in 3Q 2023). Revenue: US$168.5m (up 5.0% from 3Q 2023). Net income: US$40.9m (up 8.1% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Declared Dividend • Oct 27
Second quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 29th November 2024 Payment date: 15th December 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (434% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Oct 19
Mge Energy, Inc. Declares Quarterly Dividend, Payable on December 15, 2024 MGE Energy, Inc. declared the regular quarterly dividend of $0.45 per share on the outstanding shares of the company's common stock, payable December 15, 2024, to shareholders of record at the close of business December 1, 2024. Declared Dividend • Aug 27
Second quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 30th August 2024 Payment date: 15th September 2024 Dividend yield will be 2.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (412% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 17
MGE Energy, Inc. Increases Quarterly Dividend, Payable on September 15, 2024 The board of directors of MGE Energy, Inc. increased the regular quarterly dividend rate 5.3% to $0.45 per share on the outstanding shares of the company's common stock. The dividend is payable September 15, 2024, to shareholders of record September 1, 2024. This raises the annualized dividend rate by 9 cents from $1.71 per share to $1.80 per share. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.66 (vs US$0.79 in 2Q 2023) Second quarter 2024 results: EPS: US$0.66 (down from US$0.79 in 2Q 2023). Revenue: US$145.7m (down 1.5% from 2Q 2023). Net income: US$23.8m (down 17% from 2Q 2023). Profit margin: 16% (down from 19% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in Europe. Declared Dividend • May 24
First quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 31st May 2024 Payment date: 15th June 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 22
MGE Energy, Inc. Declares Regular Dividend, Payable on June 15, 2024 The board of directors of MGE Energy, Inc. declared the regular quarterly dividend of $0.4275 per share on the outstanding shares of the company's common stock, payable June 15, 2024, to shareholders of record at the close of business June 1, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.94 (vs US$0.86 in 1Q 2023) First quarter 2024 results: EPS: US$0.94 (up from US$0.86 in 1Q 2023). Revenue: US$191.3m (down 12% from 1Q 2023). Net income: US$33.8m (up 8.8% from 1Q 2023). Profit margin: 18% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Tillkännagivande • Apr 07
MGE Energy, Inc., Annual General Meeting, May 21, 2024 MGE Energy, Inc., Annual General Meeting, May 21, 2024, at 11:00 Central Standard Time. Agenda: To consider election of four Class II directors; to consider and ratify the selection of PricewaterhouseCoopers LLP as company's independent registered public accounting firm for the year 2024; to consider Advisory vote to approve executive compensation; and to consider other business matters. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €68.38, the stock trades at a trailing P/E ratio of 23.1x. Average forward P/E is 10x in the Electric Utilities industry in Europe. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$3.26 (vs US$3.07 in FY 2022) Full year 2023 results: EPS: US$3.26 (up from US$3.07 in FY 2022). Revenue: US$690.4m (down 1.3% from FY 2022). Net income: US$117.7m (up 6.1% from FY 2022). Profit margin: 17% (up from 16% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Tillkännagivande • Jan 20
MGE Energy, Inc. Declares Regular Quarterly Dividend, Payable on March 15, 2024 The board of directors of MGE Energy, Inc. declared the regular quarterly dividend of $0.4275 per share on the outstanding shares of the company's common stock, payable March 15, 2024, to shareholders of record at the close of business March 1, 2024. Board Change • Jan 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Noble Wray was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
