Welcome to our dedicated page for MGE Energy news (Ticker: MGEE), a resource for investors and traders seeking the latest updates and insights on MGE Energy stock.
MGE Energy Inc. reports developments for an investor-owned public utility holding company whose principal subsidiary, Madison Gas and Electric, generates and distributes electricity in Dane County, Wisconsin, and purchases and distributes natural gas in south-central and western Wisconsin.
Recurring news covers quarterly and annual earnings, electric and gas segment performance, rate-base investment, renewable generation and battery storage projects, regular common-stock dividends, investor communications, and capital-structure actions such as public equity offerings and related agreements.
MGE Energy, Inc. (Nasdaq: MGEE) has raised its quarterly dividend by approximately 5% to $0.4075 per share, effective Sept. 15, 2022, with a record date of Sept. 1, 2022. This increase marks the 47th consecutive year of dividend growth, raising the annual dividend to $1.63 per share. Chairman Jeff Keebler emphasized the company's commitment to shareholder value and its clean energy goals, aiming for net-zero carbon emissions by 2050 and an 80% reduction by 2030. MGE Energy has a legacy of over 110 years of cash dividend payments.
MGE Energy, Inc. (Nasdaq: MGEE) has released its second-quarter 2022 financial update, which is available on their website. MGE Energy operates primarily through its subsidiary, Madison Gas and Electric, serving 159,000 electricity customers and 169,000 natural gas customers across several counties in Wisconsin. The company's history spans over 150 years in the Madison area, highlighting its established presence in the local utility market.
MGE Energy, Inc. (Nasdaq: MGEE) reported its financial results for the second quarter of 2022, showing net income of $21.8 million or $0.60 per share, down from $22.9 million or $0.63 per share in the same quarter last year. Electric net income decreased by $1.1 million, attributed to increased depreciation costs. Operating revenues increased to $152.3 million from $130.7 million a year ago. MGE aims for substantial carbon reductions by 2030 and net-zero by 2050.
MGE Energy, Inc. (Nasdaq: MGEE) recently released its 'Interim Report,' summarizing key topics from its annual meeting. Highlights include renewable energy investments, innovative customer partnerships, and first-quarter earnings. The company plans to expand its managed electric vehicle charging services for customers. MGE Energy’s total assets are approximately $2.4 billion, with 2021 revenues around $607 million. The full report can be accessed on their website.
MGE Energy, Inc. (Nasdaq: MGEE) emphasizes its commitment to a clean energy transition in its latest investor newsletter, Inside View. Key topics include significant capital expenditures and asset growth driven by clean energy projects, alongside plans for new wind, solar, and battery storage initiatives. The company is also expanding its smart thermostat program and proposes electric rate changes for 2023. MGE’s financial stability supports its long-term goals, which aim to enhance value and promote a cleaner future.
The board of directors of MGE Energy (NASDAQ: MGEE) declared a quarterly dividend of $0.3875 per share, payable on June 15, 2022, to shareholders of record by June 1, 2022. MGE Energy has successfully increased its dividend for 46 consecutive years and has been paying cash dividends for more than 110 years. Its principal subsidiary, Madison Gas and Electric, serves approximately 159,000 electricity customers and 169,000 natural gas customers across south-central and western Wisconsin.
MGE Energy, Inc. (Nasdaq: MGEE) will present at the 2022 AGA Financial Forum on May 17, 2022. The presentation is accessible on MGE Energy's official website. MGE Energy, headquartered in Madison, Wisconsin, is an investor-owned public utility holding company and the parent of Madison Gas and Electric. The company manages assets totaling approximately $2.4 billion and reported revenues of around $607 million in 2021. For more details, view the presentation here.
MGE Energy, Inc. (Nasdaq: MGEE) has released its first-quarter 2022 financial update. The detailed update is available for investors to review on mgeenergy.com/financialupdate. MGE Energy serves over 159,000 electric customers and 169,000 natural gas customers across Wisconsin, with a history spanning more than 150 years in the Madison area.
MGE Energy, Inc. (Nasdaq: MGEE) reported its Q1 2022 earnings, revealing a net income of $34.4 million or $0.95 per share, a slight decrease from $34.9 million or $0.97 per share year-over-year. The colder weather in January 2022 contributed to a 4% increase in gas retail sales. Operating revenues rose to $208.9 million from $167.9 million in Q1 2021. The company emphasizes its commitment to deep decarbonization, targeting 80% carbon reduction by 2030 and net-zero emissions by 2050.
Madison Gas and Electric (MGE) has launched the 8-MW Hermsdorf Solar Fields in location value="LU/us.wi.madisn"Madison, providing sustainable energy to the City of Madison and Madison Metropolitan School District (MMSD). This solar array is expected to increase renewable energy use in City operations by nearly 20% and 16% for MMSD. MGE's goal is to achieve net-zero carbon electricity by 2050. The project features around 30,000 solar panels and will contribute to local sustainability efforts.