Fubotv earnings beat by $0.10, revenue topped estimates
MGE Energy Inc’s stock (market cap: $3.04B) recently reached a 52-week low, hitting $82.87. InvestingPro analysis shows the stock is currently fairly valued, with a beta of 0.76 indicating lower volatility than the broader market. This milestone reflects the company’s ongoing challenges, as the stock has experienced a 1-year change of -6.49%. Despite trading at a P/E ratio of 23.56, the company maintains strong fundamentals, including a 2.15% dividend yield and a 55-year track record of consistent dividend payments. The dip to this new low underscores a period of volatility for MGE Energy, as investors navigate broader market conditions and company-specific factors that have influenced its share price over the past year. (InvestingPro subscribers can access 6 additional key insights about MGE Energy’s financial health and growth prospects.)
In other recent news, MGE Energy, Inc. has made several key announcements. The company held its Annual Meeting of Shareholders, where three Class III Directors—Daniel J. Kelly, James L. Possin, and Noble L. Wray—were elected to serve until the 2028 annual meeting. Additionally, PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2025. In another development, MGE Energy declared a quarterly dividend of $0.45 per share, set to be paid on June 15, 2025, to shareholders recorded as of June 1, 2025. This announcement continues the company’s longstanding tradition of dividend distribution, marking the 49th consecutive year of annual dividend increases. MGE Energy has a notable history of providing cash dividends for over 110 years, reflecting its strong financial stability and commitment to shareholder returns.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.