Somewhat Favorable Press Coverage Somewhat Unlikely to Impact MGE Energy (MGEE) Stock Price
News coverage about MGE Energy (NASDAQ:MGEE) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGE Energy earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 47.3228969378701 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages recently issued reports on MGEE. BidaskClub downgraded MGE Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Gabelli reiterated a “hold” rating on shares of MGE Energy in a report on Monday, November 13th.
Shares of MGE Energy (NASDAQ MGEE) opened at $54.15 on Friday. MGE Energy has a 1-year low of $51.05 and a 1-year high of $68.70. The stock has a market capitalization of $1,873.82, a price-to-earnings ratio of 19.20 and a beta of 0.36. The company has a current ratio of 2.30, a quick ratio of 1.95 and a debt-to-equity ratio of 0.51.
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MGE Energy Company Profile
MGE Energy, Inc (MGE) is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).
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