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MGEE
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
2.68B

MGEE MGE Energy Forecast, Technical & Fundamental Analysis

a provider of natural gas and electric services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MGEE with price predictions
07:00 PM EST Dec 07, 2023

MGEE in upward trend: price may ascend as a result of having broken its lower Bollinger Band on December 08, 2023

MGEE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 41 cases where MGEE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

MGEE moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MGEE crossed bullishly above the 50-day moving average on November 06, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGEE advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 210 cases where MGEE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MGEE moved out of overbought territory on November 06, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where MGEE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MGEE as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MGEE turned negative on December 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGEE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MGEE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.364) is normal, around the industry mean (1.564). P/E Ratio (22.622) is within average values for comparable stocks, (21.397). MGEE's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.610). MGEE has a moderately low Dividend Yield (0.023) as compared to the industry average of (0.051). P/S Ratio (3.752) is also within normal values, averaging (3.247).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NASDAQ:NEE), Southern Company (The) (NASDAQ:SO), PG&E Corp (NASDAQ:PCG), Dominion Energy (NASDAQ:D), NRG Energy (NASDAQ:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 16.5B. The market cap for tickers in the group ranges from 500 to 121.4B. NEE holds the highest valuation in this group at 121.4B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was 1%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was -4%. ERRAF experienced the highest price growth at 22%, while HAWEL experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -10%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was 26%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40
P/E Growth Rating: 69
Price Growth Rating: 56
SMR Rating: 79
Profit Risk Rating: 72
Seasonality Score: 21 (-100 ... +100)
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A.I. Advisor
published Earnings

MGEE is expected to report earnings to fall 34.29% to 68 cents per share on February 21

MGE Energy MGEE Stock Earnings Reports
Q4'23
Est.
$0.69
Q3'23
Missed
by $0.05
Q2'23
Beat
by $0.11
Q1'23
Missed
by $0.21
Q4'22
Missed
by $0.08
The last earnings report on November 02 showed earnings per share of $1.05, missing the estimate of $1.10. With 141.41K shares outstanding, the current market capitalization sits at 2.68B.
A.I.Advisor
published Dividends

MGEE is expected to pay dividends on December 15, 2023

MGE Energy MGEE Stock Dividends
A dividend of $0.43 per share will be paid with a record date of December 15, 2023, and an ex-dividend date of November 30, 2023. The last dividend of $0.43 was paid on September 15. Read more...
A.I. Advisor
published General Information

General Information

a provider of natural gas and electric services

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
133 South Blair Street
Phone
+1 608 252-7000
Employees
701
Web
https://www.mgeenergy.com
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MGEE and

Correlation & Price change

A.I.dvisor indicates that over the last year, MGEE has been closely correlated with LNT. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if MGEE jumps, then LNT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MGEE
1D Price
Change %
MGEE100%
-1.22%
LNT - MGEE
78%
Closely correlated
-0.85%
AEE - MGEE
76%
Closely correlated
-0.90%
IDA - MGEE
76%
Closely correlated
-0.75%
WEC - MGEE
75%
Closely correlated
-1.09%
CMS - MGEE
74%
Closely correlated
+0.36%
More

Groups containing MGEE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MGEE
1D Price
Change %
MGEE100%
-1.22%
MGEE
(undefined stocks)
83%
Closely correlated
-0.42%
utility
(undefined stocks)
81%
Closely correlated
-0.11%
electric power
(undefined stocks)
81%
Closely correlated
-0.13%
Utilities
(undefined stocks)
73%
Closely correlated
+0.03%
Electric Utilities
(undefined stocks)
71%
Closely correlated
+0.04%
More