Morgan Stanley Stick to Their Hold Rating for Mge Energy Inc.
Investing.com
Published Sep 17, 2021 08:44AM ET
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Mge Energy Inc. on Friday, setting a price target of $73, which is approximately 6.22% below the present share price of $77.84.
Byrd expects Mge Energy Inc. to post earnings per share (EPS) of $0.63 for the third quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in MGE Energy, with an average price target of $73.
The analysts price targets range from a high of $73 to a low of $73.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $130.73 million and a net profit of $23.39 million. The company's market cap is $2.81 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 60.14% success rate.
MGE Energy, Inc. provides natural gas and electric services. The company operates its business through the following segments: Regulated Electric Utility Operations, Regulated Gas Utility Operations, Non-Regulated Energy Operations, Transmission Investments and All Other. The Regulated Electric Utility Operations segment engages in generating, purchasing, and distributing electricity. The Regulated Gas Utility Operations segment engages in purchasing and distributing natural gas. The Non-Regulated Energy Operations segment engages in owning and leasing electric generating capacity. The Transmission Investments segment represents investment in American Transmission Company LLC, a company engaged in the business of providing electric transmission services primarily in Wisconsin. The All Other segment invests in companies and property that relate to the regulated operations and financing the regulated operations. MGE Energy was founded in 2001 and is headquartered in Madison, WI.
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