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MGE Energy, Inc. - MGEE STOCK NEWS

Welcome to our dedicated news page for MGE Energy (Ticker: MGEE), a resource for investors and traders seeking the latest updates and insights on MGE Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MGE Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MGE Energy's position in the market.

News
MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings
Rhea-AI Summary
MGE Energy, Inc. (MGEE) reported strong financial results for Q4 and full year 2023, with GAAP earnings of $117.7 million, or $3.25 per share, compared to $111.0 million, or $3.07 per share, in the prior year. Investments in renewable generation fueled asset growth, leading to increased electric earnings. Gas retail therm deliveries decreased due to warmer weather, impacting gas net income. Operating revenues for Q4 2023 were $164.7 million, down from $189.8 million in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
earnings
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News
MGE Energy Declares Regular Dividend
Rhea-AI Summary
MGE Energy, Inc. (Nasdaq: MGEE) has declared a regular quarterly dividend of $0.4275 per share on its common stock, payable on March 15, 2024. The company has a history of increasing its dividend annually for 48 years and has been paying cash dividends for over 110 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
dividends
-
News
MGE Energy Reports Third-Quarter 2023 Earnings
Rhea-AI Summary
MGE Energy, Inc. (Nasdaq: MGEE) reported Q3 2023 GAAP earnings of $37.9 million, or $1.05 per share, compared to $33.7 million, or $0.93 per share, for the same period last year. The increase in earnings was driven by investments included in rate base and a 5% increase in electric residential sales. MGE continues to invest in cost-effective renewable generation. Earnings from their investment in ATC also increased by $0.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.69%
Tags
earnings
News
MGE Energy Declares Regular Dividend
Rhea-AI Summary
MGE Energy Declares Regular Quarterly Dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
dividends
-
News
MGE Energy Issues September 2023 'Inside View'
Rhea-AI Summary
MGE Energy highlights 48th consecutive year of dividend increases and advancements in renewable energy and electric vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
none
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News
MGE Energy Increases Dividend for 48th Consecutive Year
Rhea-AI Summary
MGE Energy raises quarterly dividend by 5% to $0.4275 per share, annualized rate now $1.71 per share. Dividend growth reinforces shareholder value proposition. MGE Energy has increased dividend annually for 48 years and paid cash dividends for over 110 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
dividends
News
MGE Energy Reports Second-Quarter 2023 Earnings
Rhea-AI Summary
MGE Energy, Inc. (MGEE) reports GAAP earnings of $28.7 million, or $0.79 per share, for the second quarter of 2023, compared to $21.8 million, or $0.60 per share, for the same period in 2022. Operating revenues for the second quarter of 2023 were $147.998 million, slightly lower than the prior year. The company's investments in new renewable generation and electric infrastructure contributed to increased electric earnings, while gas net income remained relatively flat. For the six months ended June 30, 2023, MGE Energy reported a net income of $59.759 million, or $1.65 per share, compared to $56.181 million, or $1.55 per share, for the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
earnings
-
News
MGE Energy Issues June 2023 'Inside View'
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.68%
Tags
none
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News
MGE Energy to Present at the 2023 AGA Financial Forum
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
conferences
News
MGE Energy Declares Regular Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
dividends
Stock MGEE logo
MGE Energy, Inc.

Nasdaq:MGEE

MGEE Rankings

#1595 Ranked by Market Cap
#1786 Ranked by Stock Gains
#1366 Ranked by Dividends

MGEE Stock Data

2.71B
36.09M
0.25%
53.35%
5.76%
Hydroelectric Power Generation
Utilities
Link
United States
Madison

About MGEE

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, wisco