MGE Energy Q2 profit rises on electric segment strength
MGEE•Analyst coverage
- The current average analyst rating on the shares is hold and the breakdown of recommendations is 1 strong buy or buy, 1 hold and 1 sell or strong sell.
- The average consensus recommendation for the electric utilities peer group is buy.
- Wall Street's median 12-month price target for MGE Energy is $77.00, about 3.6% below its August 4 closing price of $79.91.
- The stock recently traded at 20 times the next 12-month earnings, versus a P/E of 20 three months ago.
Quarterly results
MGE Energy said second-quarter net income and EPS rose year over year, while operating revenue grew slightly from a year earlier.
The company reported second-quarter basic EPS of $0.89.
