MGE Energy Stock (NASDAQ:MGEE), Trade Ideas

MGE Energy

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.

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Shares of  Bitdeer Technologies Group  (NASDAQ: BTDR) rose sharply during Monday’s session after the company reported preliminary fourth-quarter financial results, announced the successful testing of its SEAL01 Bitcoin mining chip and amid overall strength in the price of Bitcoin.

Why Bitdeer Technologies Shares Are Trading Higher By 10%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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U.S. stocks traded mixed toward the end of trading, with the Dow Jones gaining more than 100 points on Friday.

The Dow traded up 0.38% to 33,823.80 while the NASDAQ fell 0.60% to 11,784.95. The S&amp;P 500 also fell, dropping, 0.26% to 4,079.83.

Dow Surges Over 100 Points; DZS Shares Plummet

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	Citigroup boosted the price target on  United Airlines Holdings, Inc. (NASDAQ: UAL) from $56 to $65. Citigroup analyst Stephen Trent maintained a Buy rating on the stock. United Airlines shares rose 4.6% to trade at $40.85 on Friday.


United Airlines To Rally Around 60%? Plus This Analyst Cuts PT On Alaska Air

MGE Energy Inc

Shares of Bitdeer Technologies Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btdr#NASDAQ">BTDR</a>) rose sharply during Monday&rsquo;s session after the company reported preliminary fourth-quarter financial results, announced the successful testing of its SEAL01 Bitcoin mining chip and amid overall strength in the price of Bitcoin.
Bitdeer Technologies Group shares jumped 10.2% to $7.45 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>BitFuFu Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fufu#NASDAQ">FUFU</a>) shares jumped 107% to $13.20 amid volatility following the company&#39;s recent business combination with Arisz Acquisition Corp and listing on the Nasdaq.</li>
<li>Quoin Pharmaceuticals, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qnrx#NASDAQ">QNRX</a>) climbed 89% to $5.31 after the company announced FDA clearance to recruit teen subjects into both of its ongoing Netherton Syndrome clinical studies.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) gained 52.8% to $1.5890 after the company announced that it received an unsolicited approach from a publicly listed strategic diagnostics company.</li>
<li>Phunware, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phun#NASDAQ">PHUN</a>) climbed 42.7% to $10.11. Phunware is expected to report fourth-quarter results on March 12, 2024.</li>
<li>Ainos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aimd#NASDAQ">AIMD</a>) gained 39.4% to $1.4650.</li>
<li>Jaguar Health, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jagx#NASDAQ">JAGX</a>) shares climbed 38.2% to $0.1223 after surging 50% on Friday.</li>
<li>Cardiff Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crdf#NASDAQ">CRDF</a>) rose 31.6% to $3.83 after the company reported better-than-expected fourth-quarter financial results, provided a clinical update on the Phase 2 randomized second-line ONSEMBLE trial in patients with RAS-mutated mCRC and announced the first patient was dosed in the randomized first-line RAS-mutated mCRC trial.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) gained 31.3% to $4.94. E.W. Scripps Director Charles L. Barmonde acquired a total of 10,500 shares an average price of $4.28.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsdt#NASDAQ">HSDT</a>) climbed 30% to $5.91. Helius Medical Technologies announced it secured HCPCS codes for portable neuromodulation stimulator mouthpiece and controller.</li>
<li>Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) gained 27% to $1.14. Kineta recently announced a restructuring and the exploration of strategic alternatives.</li>
<li>BigBear.ai Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbai#NYSE">BBAI</a>) rose 25% to $4.3472.</li>
<li>Critical Metals Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crml#NASDAQ">CRML</a>) gained 24.4% to $12.44.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) gained 22% to $2.44.</li>
<li>Reliance Global Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reli#NASDAQ">RELI</a>) rose 21.7% to $0.6299 after gaining 11% on Friday.</li>
<li>Akero Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akro#NASDAQ">AKRO</a>) climbed 21.1% to $33.69 after gaining 3% on Friday.</li>
<li>89bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etnb#NASDAQ">ETNB</a>) gained 20.3% to $15.18.</li>
<li>Nektar Therapeutics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nktr#NASDAQ">NKTR</a>) gained 19.4% to $0.9315. Nektar Therapeutics announced a $30 million private placement financing with TCGX.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) shares gained 18.9% to $1,076.45. Super Micro Computer will join the S&amp;P 500 Index, effective March 18, S&amp;P Dow Jones Indices, a division of S&amp;P Global, said in a release.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) gained 17.8% to $1,271.51 amid strength in Bitcoin.</li>
<li>Macy&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>) rose 16.3% to $20.95 after Arkhouse and Brigade Capital increased their offer to acquire Macy&#39;s to $24 per share.</li>
<li>Renovaro Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/renb#NASDAQ">RENB</a>) gained 14.3% to $2.64.</li>
<li>Digital World Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) gained 13.4% to $44.18 after falling over 5% on Friday.</li>
<li>MGE Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgee#NASDAQ">MGEE</a>) rose 12% to $70.75. MGE Energy will replace iRobot in the S&amp;P SmallCap 600.</li>
<li>BGC Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgc#NASDAQ">BGC</a>) gained 11.8% to $7.93. BGC Group is set to join S&amp;P SmallCap 600.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) climbed 11.6% to $7.10.</li>
<li>H&amp;R Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrb#NYSE">HRB</a>) gained 8.9% to $52.08.</li>
<li>Aadi Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aadi#NASDAQ">AADI</a>) shares surged 8.8% to $2.0899 after the company announced publication of long-term efficacy and safety data further supporting FYARRO&reg; for the treatment of malignant PEComa.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) shares rose 7.7% to $1.11. LifeWallet announced a comprehensive settlement with 28 affiliated property and casualty insurers, benefiting LifeWallet&rsquo;s <a href="https://www.benzinga.com/money/best-medicare-advantage-plans/">medicare</a> clients across the U.S.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) climbed 7.5% to $221.11 amid a rise in the price of Bitcoin.</li>
<li>Box, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/box#NYSE">BOX</a>) gained 6.6% to $28.30. Box will replace Forrester Research Inc in the S&amp;P SmallCap 600.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>BioVie Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bivi#NASDAQ">BIVI</a>) fell 42.7% to $1.0830 after the company reported pricing of public offering.</li>
<li>JOANN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/joan#NASDAQ">JOAN</a>) fell 38.7% to $ .3102&nbsp;following a report suggesting the company may file for bankruptcy soon.</li>
<li>Astra Space, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/astr#NASDAQ">ASTR</a>) dipped 35% to $0.8598.</li>
<li>BioCardia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcda#NASDAQ">BCDA</a>) fell 23.3% to $0.4449 after reporting interim results from Phase III CardiAMP cell therapy heart failure trial.</li>
<li>MMTec, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtc#NASDAQ">MTC</a>) declined 21.8% to $2.00.</li>
<li>Vivani Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vani#NASDAQ">VANI</a>) declined 21.7% to $2.4199. Vivani Medical recently announced the pricing of a $15 million registered direct offering of common stock and warrants.</li>
<li>Interactive Strength Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trnr#NASDAQ">TRNR</a>) tumbled 19.8% to $0.40. Interactive Strength recently announced it has entered into an exclusive worldwide distribution agreement with WOODWAY to sell and distribute CLMBR.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) dipped 19.3% to $5.03</li>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) fell 18.4% to $4.7395 after jumping 35% on Friday.</li>
<li>Avidity Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rna#NASDAQ">RNA</a>) fell 16.6% to $16.78. Avidity Biosciences announced new long-term AOC 1001 data from the Marina-OLE trial showing reversal of disease progression in Myotonic Dystrophy Type 1 patients across multiple endpoints.</li>
<li>Playtika Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pltk#NASDAQ">PLTK</a>) fell 14.8% to $6.44</li>
<li>Aptevo Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apvo#NASDAQ">APVO</a>) declined 14.7% to $0.1399.</li>
<li>J-Long Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jl#NASDAQ">JL</a>) shares dipped 14.3% to $1.98 after jumping over 15% on Friday. J-Long Group recently declared a special cash dividend in aggregate amount of $6 million.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) fell 14.3% to $0.0474. Sunshine Biopharma, last month, announced closing of $10.0 million underwritten public offering.</li>
<li>New York Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NASDAQ">NYCB</a>) fell 13.6% to $3.0650 after the company announced that it identified material weaknesses in its internal controls related to internal loan review, that resulted from ineffective oversight, risk assessment and monitoring activities.</li>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) fell 12.1% to $5.68 after the company announced the termination of its merger agreement with JetBlue.</li>
<li>Sabre Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sabr#NASDAQ">SABR</a>) fell 11.6% to $2.3050. Sabre announced exchange of $150 million of existing 4.000% exchangeable senior notes due 2025 for exchangeable senior notes due 2026.</li>
<li>Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) fell 11.6% to $38.49. B of A Securities analyst Ming Hsun Lee maintained Li Auto with a Buy and raised the price target from $57 to $60.</li>
<li>Revance Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvnc#NASDAQ">RVNC</a>) fell 11.2% to $6.20. Revance announced pricing of $100 million public offering of 16 million shares of common stock at a price of $6.25 per share.</li>
<li>Beyond Meat, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bynd#NASDAQ">BYND</a>) dipped 11.3% to $8.67 after the company announced that it was unable to file its annual report due to technical difficulties in assembling the submission for filing. Also, the company said it anticipates it will seek to raise additional capital in 2024.</li>
<li>Caledonia Mining Corporation Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcl#NASDAQ">CMCL</a>) shares tumbled 9.6% to $9.29 after the company issued a trading update for the year ended Dec. 31, 2023.</li>
<li>Hertz Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/htz#NYSE">HTZ</a>) fell 7.2% to $7.26.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) fell 6.9% to $5.38.</li>
</ul>
&nbsp;
Now Read This: <a href="	https://www.benzinga.com/trading-ideas/long-ideas/24/03/37454953/charles-colvard-and-3-other-penny-stocks-insiders-are-buying"> Charles &amp; Colvard And 3 Other Penny Stocks Insiders Are Buying </a>

Why Bitdeer Technologies Shares Are Trading Higher By 10%? Here Are Other Stocks Moving In Monday's Mid-Day Session

WIIM

MGE Energy shares are trading higher after it was announced the company will join the S&P SmallCap 600.

MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) reported quarterly earnings of $0.55 per share. The company reported $164.65 million in sales this quarter. This is a 13.26 percent decrease over sales of $189.83 million the same period last year.

MGE Energy Q4 2023 GAAP EPS $0.55, Sales $164.65M Down From $189.83M YoY

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and raises the price target from $61 to $62.

Morgan Stanley Maintains Underweight on MGE Energy, Raises Price Target to $62

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and lowers the price target from $65 to $61.

Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $61

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and raises the price target from $63 to $65.

Morgan Stanley Maintains Underweight on MGE Energy, Raises Price Target to $65

Wednesday marks the last chance for investors to receive the next dividend payout from MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 42.75 cents per share. On Thursday, MGE Energy will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 42.75 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own MGEE as of the end of Wednesday's session are eligible to receive the 42.75 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on September 15, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/MGEE">Track real-time stock fluctuations for MGE Energy on Benzinga.</a>

Dividends

MGE Energy's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and lowers the price target from $67 to $63.

Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $63

August 18, 2023&mdash;The board of directors of MGE Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>), today increased the regular quarterly dividend rate approximately 5% to $0.4275 per share on the outstanding shares of the company&#39;s common stock. The dividend is payable Sept. 15, 2023, to shareholders of record Sept. 1, 2023. This raises the annualized dividend rate by 8 cents from $1.63 per share to $1.71 per share.
&quot;We continue to move forward in our clean energy transition to provide our customers safe, reliable and affordable clean energy. Today&#39;s action by our board demonstrates the continued strength and resilience of MGE Energy&#39;s long-term business strategy in building your community energy company for the future,&quot; said Chairman, President and CEO Jeff Keebler. &quot;For nearly half a century, our board has taken action to increase the dividend and to reinforce the importance of dividend growth to the overall shareholder value proposition by providing regular, predictable, sustainable dividends.&quot;
MGE Energy has increased its dividend annually for the past 48 years and has paid cash dividends for more than 110 years.

MGE Energy Increases Quarterly Dividend From $0.4075 To $0.4275/Share

MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.69 by 14.49 percent. This is a 31.67 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $148.00 million which beat the analyst consensus estimate of $144.42 million by 2.48 percent. This is a 2.86 percent decrease over sales of $152.35 million the same period last year.

Earnings Beats

MGE Energy Q2 EPS $0.79 Beats $0.69 Estimate, Sales $148.00M Beat $144.42M Estimate

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and lowers the price target from $68 to $67.

Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $67

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and lowers the price target from $70 to $68.

Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $68

Over the past 3 months, 4 analysts have published their opinion on MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
According to 4 analyst offering 12-month price targets in the last 3 months, MGE Energy has an average price target of $70.5 with a high of $72.00 and a low of $68.00. 
Below is a summary of how these 4 analysts rated MGE Energy over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1684767696_0.png" alt="price target chart" />
This current average has increased by 0.71% from the previous average price target of $70.00. 
<a href="https://www.benzinga.com/quote/MGEE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGE Energy analyst ratings.</a>
<h1>Analyst Ratings: What Are They?</h1>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings for MGE Energy

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and lowers the price target from $72 to $70.

Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $70

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and raises the price target from $68 to $72.

Morgan Stanley Maintains Underweight on MGE Energy, Raises Price Target to $72

Within the last quarter, MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) has observed the following analyst ratings: 
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
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<td align="right">1</td>
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<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
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<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
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According to 4 analyst offering 12-month price targets in the last 3 months, MGE Energy has an average price target of $68.75 with a high of $72.00 and a low of $67.00. 
Below is a summary of how these 4 analysts rated MGE Energy over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1679432512_0.png" alt="price target chart" />
This average price target has increased by 0.73% over the past month.
<a href="https://www.benzinga.com/quote/MGEE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGE Energy analyst ratings.</a>
<h1>How Are Analyst Ratings Determined?</h1>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings for MGE Energy

WTRG

Shares of several utility companies are trading lower as rising yields cause a rotation out of high-paying dividend stocks.

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) with a Underweight and lowers the price target from $72 to $68.

MGE Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGEE#NASDAQ">MGEE</a>) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.51 by 13.73 percent. This is a 61.11 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $189.83 million which beat the analyst consensus estimate of $164.81 million by 15.18 percent. This is a 17.13 percent increase over sales of $162.07 million the same period last year.

MGE Energy Q4 EPS $0.58 Beats $0.51 Estimate, Sales $189.83M Beat $164.81M Estimate

Magnolia Oil & Gas to join S&P SmallCap 600

These Utilities stocks are trading higher:-Fusion Fuel Green PLC (HTOO) stock is trading at $1.75, a rise of $0.46, or 35.66%, on low volume.  Fusion Fuel Green Plc gets a Sentiment Score of Very Bearish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $3.25. Fusion

Utilities Stocks Moving Up and Down Monday: HTOO, MGEE, VST, D, MNTK, NFE, DNNGY, NRGV

MGE Energy Inc (MGEE) stock has gained 3.38% over the last 12 months, and the average rating from Wall Street analysts is a Sell. InvestorsObserver's proprietary ranking system, gives MGEE stock a score of  27 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 6. MGEE's rank also inclu

Is MGE Energy Inc (MGEE) Stock a Smart Investment Monday?

These Utilities stocks are trading higher:-New Fortress Energy Inc (NFE) stock is trading at $33.92, a rise of $1.9, or 5.64%, on average volume.  New Fortress Energy Llc gets a Sentiment Score of Very Bearish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $43.00.

Utilities Stocks Making Moves Tuesday: NFE, MGEE, NRG, EE, HTOO, CDZI, XEL, OTTR

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These Utilities stocks are trading higher:-Energy Vault Holdings Inc (NRGV) stock is trading at $1.99, a rise of $0.18, or 9.12%, on moderate volume.  Energy Vault Hldgs Inc gets a Sentiment Score of Bearish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $5.00.  -

Utilities Stocks Moving Up and Down Wednesday: NRGV, MNTK, NEE, ELEZY, FLNC, AQN, MGEE, SWX

Warning: MGEE is at high risk of performing badly

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
One of the best ideas for surviving market ambiguity is to focus on <a href="https://investorplace.com/industries/energy/utility/">utility stocks.</a> Since the enterprises underlying this category benefit from a natural monopoly, they effectively command permanent relevance. Still, even this ecosystem can become a short-seller target.



Ordinarily, you wouldn&rsquo;t look for short trades in the regulated power and resource space. Nevertheless, not all regions enjoy the same level of economic viability or resilience. Further, certain regions may suffer from unique headwinds that don&rsquo;t impact other markets.



It&rsquo;s a complicated narrative. However, with analysts dumping these utility stocks combined with their status as short-seller targets, these are the ideas you may want to avoid.



<h2>Avista (AVA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/utility-pole-aqn-1600-300x169.jpg" alt="multiple powerline towers are shown against a sunset and a distant city skyline. AQN stock"><div>Source: zhao jiankang / Shutterstock.com</div></div>Based in Spokane, Washington, Avista (NYSE:<a href="https://investorplace.com/stock-quotes/ava-stock-quote/">AVA</a>) operates as an electric and natural gas utility company. It provides electric distribution and transmission along with natural gas distribution services in parts of eastern Washington and northern Idaho. On paper, it sounds relevant. However, it happens to be one of the utility stocks that are short-seller targets.



Conspicuously, analysts rate shares a <a href="https://www.tipranks.com/stocks/ava/forecast">consensus moderate sell.</a> The assessment breaks down as one Hold and one Sell. Further, the average price target sits at $33, implying more than 3% downside risk. Yes, the company overall enjoyed a strong performance in fiscal 2023. Its average positive earnings surprise came out to 7.8%.



However, experts are looking for revenue to slip 3.9% to $1.68 billion. Further, fiscal 2025&rsquo;s projected revenue of $1.78 billion is only marginally better than last year&rsquo;s haul of $1.75 billion.



Data from Fintel indicates that AVA features a <a href="https://fintel.io/ss/us/ava">short interest</a> of float of nearly 4% with a short ratio of 7.02 days to cover. Combined with the aforementioned Sell rating, AVA might be one of the utility stocks to avoid.



<h2>MGE Energy (MGEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/utility-stocks-300x169.jpg" alt="Utilities stocks: a stock image of light fixtures; one lightbulb is lit up"><div>Source: Shutterstock</div></div>Headquartered in Madison, Wisconsin, MGE Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/mgee-stock-quote/">MGEE</a>) operates as a public utility holding company mainly in the U.S. Per its corporate profile, MGE generates, purchases and distributes electricity and natural gas in Wisconsin and Iowa. It also owns and leases electric generating capacity and plans, constructs, operates, maintains and expands transmission facilities to provide transmission power services.



On the surface, it&rsquo;s like most other relevant utility stocks: MGE gets the job done for its customers, which number around 163,000. However, Morgan Stanley&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/ms-stock-quote/">MS</a>) David Arcaro isn&rsquo;t keen on the idea, pegging MGEE a Sell. In addition, the expert has assigned a <a href="https://www.tipranks.com/stocks/mgee/forecast">$64 price target</a> on shares, implying more than 15% downside risk.



Part of the disillusionment could stem from the erratic earnings performance last year. Back then, the average quarterly surprise came out to 3.08% below consensus expectations.



Adding to the pressure, MGEE represents one of the short-seller targets. Currently, its <a href="https://fintel.io/ss/us/mgee">short interest</a> comes in at 5.78% of the float. As well, the short ratio stands at 14.94 days to cover. Risk-averse investors may want to consider something else.



<h2>Hawaiian Electric (HE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/hei-hawaiian-electric-he-1600-300x169.jpg" alt="graphic of magnifying glass zooming in on Hawaiian Electric Industries (HE) webpage"><div>Source: shutterstock.com/Casimiro PT</div></div>The island state of Hawaii is often considered a top destination spot for vacationing. However, its utility stocks don&rsquo;t necessarily get the same love. Just look at Hawaiian Electric (NYSE:<a href="https://investorplace.com/stock-quotes/he-stock-quote/">HE</a>). With its subsidiaries, the company engages in the electric utility business. It provides production, purchase, transmission, distribution and sales of electricity on the islands of Oahu, Hawaii, Maui, Lanai and Molokai.



However, Hawaii depends greatly on tourism. With consumer discretionary sentiment under pressure from inflation and other headwinds, this narrative faces some questions. Sadly, the wildfires in the state devastated tourism, leading to a catastrophic loss of equity value in HE stock. Year-to-date, it&rsquo;s down 24%. Over the past 52 weeks, it slipped more than 72%.



Now, there is an argument that Hawaiian Electric could make a comeback. That&rsquo;s up to you. The fact of the matter is that <a href="https://www.tipranks.com/stocks/he/forecast">analysts rate</a> shares a Moderate Sell with an average price target of $9.75. That implies almost 10% downside risk.



Further, HE suffers from a <a href="https://fintel.io/ss/us/he">short interest of 14.64%</a> and a short ratio of 8.03 days to cover. Again, it&rsquo;s your call if you want to speculate. However, it is an extremely risky idea.



On the date of publication, Josh Enomoto did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-utility-stocks-short-sellers-are-pulling-the-plug-on-is-a-power-outage-looming/">3 Utility Stocks Short Sellers Are Pulling the Plug On: Is a Power Outage Looming?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.