Reasons to Add MGE Energy (MGEE) Stock to Your Portfolio Now

Published on 23 May 2024 on Zacks via Yahoo Finance

Reasons to Add MGE Energy (MGEE) Stock to Your Portfolio Now

MGE Energy Inc.’s MGEE strong fundamentals and a solid financial position with favorable growth estimates make it a good investment choice.MGE Energy currently carries a Zacks Rank #2 (Buy).

Growth Projections

The Zacks Consensus Estimate for 2024 earnings has moved north by 0.3% in the past 60 days and is currently pegged at $3.69 per share.The Zacks Consensus Estimate for 2024 sales is pegged at $706.8 million, implying year-over-year growth of 2.4%.

Read the rest of the article

NASDAQ.MGEE price evolution

NYSE.DTE price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

9,790 Shares in DTE Energy (NYSE:DTE) Acquired by B. Metzler seel. Sohn & Co....

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of DTE Energy (NYSE:DTE –...

ETF DAILY NEWS 23 Nov 2024

Southern's Unit Expands Millers Branch Solar Facility in Texas

Currently, SO carries a Zacks Rank #3 (Hold). Investors interested in the utility sector might lo...

Zacks · via Yahoo Finance 22 Nov 2024

Mutual of America Capital Management LLC Has $4.02 Million Position in DTE...

The firm owned 31,295 shares of the utilities provider’s stock after selling 784 shares during th...

ETF DAILY NEWS 22 Nov 2024

Sempra Energy Rides on Investments Amid Restoration Expense Risk

SRE Stock Price Movement In the past six months, shares of SRE have risen 20.4... to Consider Som...

Zacks · via Yahoo Finance 21 Nov 2024

DTE Energy to Invest $100M to Enhance Electric Grid Reliability

This is part of the company’s broader grid investment strategy involves reducing its power outage...

Zacks 21 Nov 2024

Xcel Energy Benefits From Investments & Expanding Customer Base

XEL’s Headwinds Xcel Energy’s natural gas and electric transmission and distribution operations...

Zacks · via Yahoo Finance 21 Nov 2024

Natixis Advisors LLC Acquires 2,170 Shares of DTE Energy (NYSE:DTE)

Natixis Advisors LLC lifted its stake in shares of DTE Energy (NYSE:DTE – Free Report) by 2.2% in...

ETF DAILY NEWS 21 Nov 2024

Voters in Ann Arbor, Michigan, create a local clean energy utility

Election Day yielded few bright spots for the transition to clean energy, but there was one in An...

Canary Media · via Yahoo News 20 Nov 2024

Rising Energy Demand Pushes Southern Co. to Keep Coal Assets Afloat

Investors interested in the utility sector might look at some better-ranked stocks like Engie SA...

Zacks · via Yahoo Finance 19 Nov 2024

Here's Why You Should Add NiSource Stock to Your Portfolio Now

NI makes a strong case for investment, given its growth prospects, debt management and capability...

Zacks 19 Nov 2024