MGE Energy, Sees Significant Increase in Short Interest During March
April 22, 2023
Trending News ☀️
MGE ($NASDAQ:MGEE) Energy, Inc. is a public utility holding company based in Madison, Wisconsin. The company primarily owns and operates Madison Gas and Electric Company and MGE Power, Inc., which in turn provide electricity and natural gas to customers in the Madison and surrounding areas. Short interest is a measure of the number of investors who are betting against a particular stock or other security. A rise in short interest indicates that more investors are bearish on the stock and are betting that the stock price will decline.
This implies that more investors are expecting the company’s stock to decline in value. With more investors now betting against the company, it is important for MGE Energy, Inc. to continue to execute its business plan effectively in order to restore investor confidence and sustain its recent gains in the stock price.
Price History
On Friday, MGE ENERGY opened at $77.7 and closed at $77.4, a drop of 0.1% from the last closing rate of 77.5. This increase in short interest indicates that more investors are betting against the stock, believing that it will decrease in value over time. It remains to be seen how the stock will perform in the near future, but it is clear that investors are taking a cautious approach when it comes to MGE Energy stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mge Energy. More…
| Total Revenues | Net Income | Net Margin |
| 714.52 | 110.95 | 15.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mge Energy. More…
| Operations | Investing | Financing |
| 153.74 | -180.15 | 25.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mge Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.52k | 1.44k | 29.73 |
Key Ratios Snapshot
Some of the financial key ratios for Mge Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.9% | 7.2% | 22.9% |
| FCF Margin | ROE | ROA |
| -3.0% | 9.5% | 4.1% |
Analysis
GoodWhale has conducted an analysis of MGE ENERGY‘s fundamentals and we are pleased to share our findings. We have given MGE ENERGY a low risk rating in terms of financial and business aspects. However, we have detected two risk warnings in the income sheet and cash flow statement which we encourage you to explore further. If you become a registered user with us, you can access this information and use it to make the right investment decision. More…
Peers
The company has a long history dating back to 1855, when the city of Madison, Wisconsin, was founded. Today, MGE Energy Inc is a publicly traded company on the New York Stock Exchange and has a market capitalization of over $2 billion. The company’s main competitors are NorthWestern Corp, South Jersey Industries Inc, and ALLETE Inc.
– NorthWestern Corp ($NASDAQ:NWE)
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers in Montana, South Dakota, and Nebraska, the United States. It generates, transmits, and distributes electricity from coal, hydro, solar, wind, and biomass resources. The company also generates, stores, transmits, and distributes natural gas. In addition, it engages in the energy marketing activities. As of December 31, 2020, the company owned or leased approximately 3,300 megawatts of generating capacity; and operated and maintained approximately 16,200 miles of transmission and distribution lines. NorthWestern Corporation was founded in 1923 and is headquartered in Sioux Falls, South Dakota.
– South Jersey Industries Inc ($NYSE:SJI)
South Jersey Industries Inc is a company that provides energy services to its customers. The company has a market cap of 4.21B as of 2022 and a return on equity of 9.62%. South Jersey Industries Inc is a provider of energy services to its customers and has a strong focus on customer satisfaction. The company has a long history of providing energy services to its customers and has a strong reputation in the industry.
– ALLETE Inc ($NYSE:ALE)
The company is a leading provider of advanced security, video surveillance and facility access control solutions. The company’s products are used in a variety of applications, including government, commercial, industrial, transportation and residential. The company’s products are designed to provide a high level of security and safety for people and property.
Summary
Investors have shown growing interest in MGE Energy, Inc. with a notable increase in short interest during the month of March. Analysts are closely monitoring the company’s financial performance, recent acquisitions and market strategy to evaluate its potential for short-term and long-term growth. As the company faces increased competition and volatile markets, investors are advised to thoroughly research the stock before making any investing decisions.
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