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Mge Energy Inc   (MGEE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $76.2000 $-0.31 -0.405%
Day's High: $76.78 Week Perf: -0.33 %
Day's Low: $ 75.44 30 Day Perf: -5.22 %
Volume (M): 113 52 Wk High: $ 83.27
Volume (M$): $ 8,573 52 Wk Avg: $74.18
Open: $75.93 52 Wk Low: $61.94



 Market Capitalization (Millions $) 2,758
 Shares Outstanding (Millions) 36
 Employees 714
 Revenues (TTM) (Millions $) 716
 Net Income (TTM) (Millions $) 119
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 150

Mge Energy Inc
MGE Energy Inc. is a public utility holding company headquartered in Madison, Wisconsin. It is the parent company of Madison Gas and Electric (MGE), a regulated utility that provides electric and natural gas service in south-central Wisconsin. MGE Energy is publicly traded on the Nasdaq exchange under the ticker symbol MGEE.

MGE Energy operates in two primary segments: regulated energy and nonregulated energy. The regulated energy segment includes the utility's electric and natural gas operations, which are subject to state and federal regulation. MGE serves approximately 155,000 electric customers and 160,000 natural gas customers in Dane County and parts of surrounding counties. The company operates and maintains more than 1,400 miles of transmission lines, over 4,800 miles of distribution lines, and nearly 500 miles of natural gas mains.

The nonregulated energy segment includes the company's non-utility operations, which primarily consist of owning and leasing renewable energy projects. MGE Energy has investments in several wind, solar, and biomass projects, totaling approximately 53 MW of capacity. These projects help the company to achieve its sustainability and environmental goals, while also providing a source of revenue.

MGE Energy's management team is led by Chairman, President, and CEO Jeffrey Keebler. The company has a strong commitment to sustainability, and in 2015, it set a goal to supply 25% of its retail electric sales with renewable resources by 2025. MGE Energy has also committed to reducing its carbon dioxide emissions by 80% by 2050, compared to 2005 levels.

MGE Energy has a long history in Wisconsin, dating back to 1855 when the company's predecessor, Madison Gas Light & Coke Company, was founded. Today, the company is a leader in renewable energy, grid modernization, and energy efficiency, and it is committed to providing safe, reliable, and sustainable energy to its customers.


   Company Address: 133 South Blair Street Madison 53788 WI
   Company Phone Number: 252-7000   Stock Exchange / Ticker: NASDAQ MGEE
   


   

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Mge Energy Inc

Enhanced MGE Energy Inc Delivers Robust Bottom-line Growth Amidst a Slender Top-line Decline in Q3 2023



MGE Energy Inc recently released its financial results for the fiscal third quarter of 2023, showing a decline in revenue but an increase in earnings per share and net profit per share. The company also highlighted improvements in profit margins and an increase in accounts receivable, indicating potential growth opportunities. Despite a rise in stockpiles, MGE Energy Inc's stock has been performing well in recent days, trading above its 52-week low and showcasing positive year-to-date performance.
Financial Results:
- Net profit per share grew by 12.9% to $1.05, compared to the previous year's figure of $0.93 per share.
- Revenue saw a decline of -1.758% to $160.53 million year on year, but it increased by 8.466% from the previous quarter's $148.00 million.
- Net earnings for the fiscal third quarter of 2023 were $37.857 million, a 12.27% increase from $33.720 million reported in the same quarter a year ago.
- Improvements in profit margins were observed, with the net margin rising to 23.58% and the operating margin increasing to 27.28%.

Mge Energy Inc

MGE Energy Inc Reports Challenging Second Quarter in 2023 Despite Remarkable Profit Surge



Despite a fall in revenue, MGE Energy Inc, an Electric Utilities company, delivered impressive financial results in the second quarter of 2023. The company's earnings per share (EPS) saw a significant increase, leading to a surge in profits. This article will outline the key facts from these financial results and provide context to understand the company's performance.
Financial Results and Analysis:
1. Earnings Per Share Growth: MGE Energy Inc managed to raise its earnings per share to $0.79, reflecting a robust growth of 31.67% compared to the previous year's second quarter. This growth can be attributed to improved profit margins and operating earnings.

Mge Energy Inc

MGE Energy Inc Reports Impressive 3.98% Revenue Increase During Fiscal Q1 2023, Demonstrating Continued Growth

MGE Energy Inc is a utility company that is dedicated to providing reliable and affordable electricity to its customers. The company has been on a steady growth trajectory, with increasing revenue over the years. In the most recent fiscal period, MGE Energy Inc reported an impressive 3.98% increase in revenue to $217.25 million, up from $208.94 million in the previous year, which is a positive sign that the company is making significant progress towards its growth objectives.
Although the bottom-line decreased by -9.47% to $0.86 per share, it is important to note that MGE Energy Inc is still generating a reasonable amount of income per share, which was $0.95 in the first quarter of 2022. The company is constantly looking to improve its financial performance to ensure sustainable growth and profitability.






 

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