Mge Energy Inc Stock Price, News & Analysis

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.

MGE Energy, Inc. (Nasdaq: MGEE) released its second-quarter 2021 financial update presentation today. The update can be accessed on MGE Energy's official website. MGE Energy is a public utility holding company primarily operating through Madison Gas and Electric, which serves 157,000 electricity customers and 166,000 natural gas customers across various Wisconsin counties. The company has a long-standing presence in the Madison area, dating back over 150 years.

MGE Energy, Inc. (Nasdaq: MGEE) reported a net income of $22.9 million, or $0.63 per share, in Q2 2021, up from $18.8 million or $0.53 per share in Q2 2020. This increase is attributed to warmer weather and economic recovery. Operating revenue rose to $130.73 million from $117.04 million year-over-year. Electric sales surged, with a 9.4% increase in commercial sales and 1.4% in residential sales. Investments in renewable energy projects, including the completion of the Two Creeks solar project, contributed to growth, although operating costs are expected to rise in the latter half of 2021.

MGE Energy (Nasdaq: MGEE) has announced plans for Wisconsin's largest solar battery project in its latest investor newsletter. The 'Interim Report' covers several key updates, including the virtual annual meeting of shareholders, proposed rate changes, first-quarter earnings, and recent safety awards. MGE Energy, headquartered in Madison, Wis., has assets of around $2.3 billion and reported revenues of approximately $539 million in 2020. The full newsletter is accessible on their website.

MGE Energy (Nasdaq: MGEE) showcases its progress in asset growth and renewable energy initiatives in its newsletter Inside View. Key topics include investments in renewable technology, the planned retirement of the Columbia Energy Center, and the establishment of a downtown charging hub for electric vehicles. MGE Energy’s total assets reach approximately $2.3 billion, with reported revenues of $539 million in 2020. The newsletter aims to enhance investor communication and is accessible on their website.

MGE Energy, Inc. (Nasdaq: MGEE) will present at the 2021 AGA Virtual Financial Forum on May 19, 2021. The presentation is accessible on MGE Energy's official website. Headquartered in Madison, Wisconsin, MGE Energy is an investor-owned public utility holding company with assets totaling approximately $2.3 billion. In 2020, the company reported $539 million in revenues and serves the electricity and natural gas needs of various Wisconsin counties through its subsidiary, Madison Gas and Electric.

MGE Energy, Inc. (Nasdaq: MGEE) announced a quarterly dividend of $0.37 per share, payable on June 15, 2021, to shareholders recorded by the close of business on June 1, 2021. This marks MGE's 45th consecutive annual dividend increase and extends its history of cash dividend payments for over 110 years.

MGE Energy operates as a utility holding company, primarily through its subsidiary Madison Gas and Electric, serving over 157,000 electricity customers and 166,000 natural gas customers across Wisconsin.