Mge Energy Inc Stock Price, News & Analysis

MGE Energy, Inc. (Nasdaq: MGEE) plans to cease coal usage at the Elm Road Generating Station, as detailed in its latest investor newsletter, "Interim Report." The report also highlights MGE's top ranking in electric reliability, the launch of an electric vehicle fast charger hub, and third-quarter earnings details. MGE Energy, headquartered in Madison, Wisconsin, has assets totaling approximately $2.3 billion and generated around $539 million in revenue for 2020. The Interim Report aims to keep investors informed about the company's developments.

Madison Gas and Electric (MGE) has announced the launch of the Badger Hollow Solar Farm Phase I, contributing to its sustainable energy initiatives. This facility adds 50 MW of locally generated, carbon-free electricity, enough to power approximately 16,500 households. MGE aims to reduce carbon emissions by 65% by 2030 and achieve net-zero carbon electricity by 2050. Additionally, MGE celebrates the one-year anniversary of the Two Creeks Solar project, which has produced enough energy to power 64 million smartphones in its first year. MGE continues to invest in renewable energy solutions.

MGE Energy (Nasdaq: MGEE) announced that its senior management will present at the 2021 EEI Financial Conference in Hollywood, Florida, from November 7-9, 2021. The presentation will be accessible on MGE Energy's official website. With assets totaling approximately $2.3 billion and 2020 revenues around $539 million, MGE Energy is a leading investor-owned public utility company based in Madison, Wisconsin, serving electricity and natural gas to multiple counties.

MGE Energy, Inc. (Nasdaq: MGEE) reported its Q3 2021 earnings showing a rise in net income to $34.9 million, or $0.97 per share, up from $31.8 million, or $0.88 for Q3 2020. This growth was attributed to increased investments in the rate base and recovery in economic activity within their service area. Revenue for Q3 was $145.9 million, a significant increase from $135.2 million year-over-year. However, depreciation and maintenance costs are projected to rise.

Madison Gas and Electric (MGE) plans to eliminate coal-fired generation from its portfolio by 2035, marking a significant step towards achieving net-zero carbon electricity. As a minority owner (8.33%) of the Elm Road Generating Station, MGE will transition to natural gas, reducing coal use substantially by 2030. By retiring the Columbia Energy Center 15 years early, MGE aims to eliminate approximately two-thirds of its coal generation by 2025. The company projects a 65% carbon reduction by 2030 and net-zero by 2050, bolstering its commitment to renewable energy and sustainability.

MGE Energy, Inc. (Nasdaq: MGEE) celebrates 46 consecutive years of dividend increases in its latest investor newsletter, Inside View. Key topics include Board of Director changes, investments in renewable generation driving capital expenditures, and initiatives for enhancing customer experience. The newsletter is accessible on MGE Energy's website, providing vital information about the company and its subsidiary, Madison Gas and Electric. MGE Energy holds assets worth approximately $2.3 billion with 2020 revenues reported at $539 million.

The board of MGE Energy has declared a quarterly dividend of $0.3875 per share, payable on Dec. 15, 2021, to shareholders of record by the close of business on Dec. 1, 2021. MGE Energy has maintained a strong dividend growth record, increasing dividends annually for 46 years and paying cash dividends for over 110 years. This demonstrates the company's commitment to returning value to shareholders and its financial stability in the utility sector.

MGE Energy, Inc. (Nasdaq: MGEE) released its second-quarter earnings in the latest "Interim Report." Highlights include a groundbreaking ceremony for a significant solar project and the opening of O’Brien Solar Fields to customers. The company has also appointed a former Madison police chief to its Boards of Directors. MGE Energy, based in Madison, Wis., operates Madison Gas and Electric, with total assets of approximately $2.3 billion and 2020 revenues around $539 million. The full report is available on their website.

MGE Energy, Inc. (Nasdaq: MGEE) has announced a 5% increase in its quarterly dividend rate to $0.3875 per share, raising the annual dividend from $1.48 to $1.55. This payment will be made on Sept. 15, 2021, to shareholders recorded by Sept. 1, 2021. The company has maintained a streak of 46 years of consecutive dividend increases and has paid dividends for over 110 years. MGE Energy's board emphasizes the importance of this increase in providing shareholder value and reflects the company's strong long-term business strategy.