NASDAQ:MGEE - MGE Energy Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $61.50
  • Forecasted Upside: -12.70 %
  • Number of Analysts: 2
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$70.45
▲ +0.18 (0.26%)
1 month | 3 months | 12 months
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Analyst Price Target for MGEE

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$61.50
▼ -12.70% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for MGE Energy in the last 3 months. The average price target is $61.50, with a high forecast of $66.00 and a low forecast of $57.00. The average price target represents a -12.70% upside from the last price of $70.45.
Hold
The current consensus among 2 investment analysts is to hold stock in MGE Energy. This rating has held steady since September 2020, when it changed from a Sell consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/11/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/9/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/8/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/7/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 1 sell ratings
6/5/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 1 sell ratings
9/3/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 1 sell ratings
11/2/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 1 sell ratings
12/2/2020

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/17/2020Morgan StanleyBoost Price TargetEqual Weight$62.00 ➝ $66.00Medium
i
10/20/2020Morgan StanleyBoost Price TargetEqual Weight$60.00 ➝ $62.00Low
i
10/5/2020Morgan StanleyLower Price TargetEqual Weight$64.00 ➝ $60.00Medium
i
9/9/2020Morgan StanleyInitiated CoverageEqual Weight$64.00Medium
i
5/26/2020Bank of AmericaInitiated CoverageUnderperform$57.00Low
i
11/13/2017GabelliReiterated RatingHoldN/A
i
Rating by T. Winter at Gabelli
(Data available from 12/3/2015 forward)
MGE Energy logo
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal, natural gas, and renewable energy sources, as well as purchases power under short and long-term commitments. As of February 26, 2020, the company distributed electricity to 155,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 163,000 customers in seven south-central and western Wisconsin counties. MGE Energy, Inc. was founded in 1855 and is headquartered in Madison, Wisconsin.
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Today's Range

Now: $70.45
$69.47
$70.68

50 Day Range

MA: $68.93
$64.92
$74.14

52 Week Range

Now: $70.45
$47.19
$83.26

Volume

69,450 shs

Average Volume

119,028 shs

Market Capitalization

$2.55 billion

P/E Ratio

26.69

Dividend Yield

2.11%

Beta

0.46