MGE Energy’s stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.71%), Victory Capital Management Inc. (3.00%), State Street Corp (2.69%), Dimensional Fund Advisors LP (2.08%), Geode Capital Management LLC (1.99%) and Gabelli Funds LLC (1.10%). Insiders that own company stock include Cari Anne Renlund, James G Berbee, James G Berbee, James Jerome Lorenz and James L Possin. MGE Energy’s stock was trading at $70.40 at the beginning of the year. Since then, MGEE stock has increased by 7.2% and is now trading at $75.46.

• The consensus among Wall Street research analysts is that investors should „sell“ MGEE shares.
• View analysts price targets for MGEE or view top-rated stocks among Wall Street analysts.
• Traders at JPMorgan expect the market to remain in a tight trading range as lawmakers try to reach a deal on the U.S. debt ceiling.
• This then helps them determine if the stock is placed for a bright or bleak future.
• Gross margins came in at 51.6%, up 970 basis points year over year or up 300 basis points excluding a one-time adjustment for obsolete inventory.

Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters‘ calculations. „While McCarthy said a deal is possible by end of this week, the timeline may be by the end of next week ahead of the Memorial Day,“ JPMorgan traders wrote. „With that in mind, Equities may trade in a tight range until an outcome is observed with the biggest downside risk coming if we enter Memorial Day weekend without a solution, given the early June x-date.“ „The comes a moment in time when you hit the wall,“ McCarthy said. „You can’t continue down this trajectory if you want to continue to be the strongest nation in the world.“ Consumer discretionary stocks led the S&P 500 on Wednesday, with the sector up more than 1.5%.

However, there was nothing alarming about Spink’s announcement in my view, and I think the sell-off was an over-reaction. Western Alliance said its deposits grew by more than $2 billion so far this quarter. Its shares gained, along with those of PacWest, Comerica and Zions.

Stock Money Flow

Stocks rallied during early afternoon trading on Wednesday, but BTIG pointed out that investors have seen this kind of activity before — only to be disappointed afterward. Current board member David Tolley has been named interim CEO, but that did not soothe investors in the penny stock. The coworking company, which has been roiled in controversy, is the focus of a popular novel „The Cult of We“ and TV show „WeCrashed.“ „Our bull market signposts suggest the S&P 500 may not break out just yet,“ wrote Savita Subramanian, head of U.S. equity and quantitative strategy.

The SPDR S&P Regional Banking ETF (KRE) climbed 7.4% in midday trading, with PacWest leading the charge among regional banks with a gain of nearly 23%. On the other hand, financials, information technology, consumer discretionary and communication services stocks have kept the S&P 500 in the green for the week, with each sector advancing more than 1%. Exelon and Sempra led utility stocks down with week-to-date losses larger than 5% each. WeWork shares dropped more than 17% after the company announced chairman and CEO Sandeep Mathrani would step down at the end of the month. Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

The stock has regained some ground from its recent lows but remains in that mid to high $20s range where I thought the shares were attractive. While there will be some lumpiness in the business, there are a lot of silicon carbide facility expansions coming, which will need testing equipment. It won’t be a straight line, as evidenced by the issues SiC semiconductor Wolfspeed (WOLF) is having ramping its capacity as it tries to move to 200 mm wafers.

Analysts think regional bank Western Alliance can continue to rebound as deposits at the bank grow. Wynn Resorts and Carnival shares outperformed, jumping nearly 6.5% and 5%, respectively. „We had a productive meeting yesterday, and with all four leaders of the Congress – it was civil and respectful,“ Biden said, speaking to the media. „And everyone came to the meeting, I think, in good faith. I’m confident that we’ll get the agreement on the budget, that America will not default.“

• The pan-European Stoxx 600 index was down 0.2% at the start of the session, with most sectors and major bourses trading in negative territory.
• Mizuho managing director Vikram Malhotra said the switch in leadership is „disruptive, especially amid the current macro headwinds.“ He pointed to corporate layoffs and bankruptcies as examples of headwinds hurting the company.
• For the full fiscal year, the company said to expect between $500 million and $506 million in revenue, a range that contains the Wall Street estimate of $501.8 million.
• Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. It’s also worth noting that AEHR is not solely reliant on the SiC market. While SiC will be its primary growth driver, it also announced a nice order – possibly from Intel (INTC) – in the silicon photonics integrated circuits market that will be shipped in its fiscal Q1. On a PE basis, the company trades at 27x the FY24 consensus of $1.02. Results were pretty much in line, while bookings were very strong, boding well for future growth.

It won’t affect any of the day-to-day on a successful legacy station like WIP or WFAN, but who knows what’s in store for some of the other non-juggernaut properties in the portfolio. MGE Energy, a leading provider of natural gas and electric services, has seen its holdings being modified by several hedge funds in the past few quarters. Virtu Financial LLC recently acquired a stake in MGE Energy worth $508,000 while ICW Investment Advisors LLC raised their holdings by 3.2%. MBE Wealth Management also saw a significant growth in their shares as they acquired an additional 1,834 shares during the period, increasing its overall holdings by 40.3%. Bank of New York Mellon Corp increased its position by 5.3%, further supporting the growing demand for owning a stake in MGE Energy.

Fiscal Q3 Results

That edged past analyst estimates calling for revenue of $17.0 million. Target’s stock is also rising after its earnings topped Wall Street expectations, though the retailer said sales growth stalled and squeezed its quarterly profit. Regional-bank shares are jumping after Western Alliance—a lender investors have worried about—gave a positive update on deposit growth. Tech stock Keysight advanced more than 7% after the bell on the back of a strong quarterly earnings report and guidance for the current quarter. Western Alliance shares have been on a recent upswing, up 17% over the past week – and posting a gain of 15% since this week has begun.

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NewsMGE Energy Inc.MGEE

Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don’t have the same features. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

Information is provided ‚as-is‘ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. AEHR currently trades at an EV/EBITDA multiple of 37.6x the FY24 (ending May) consensus of $28.5 million. Based on FY25 EBITDA projections of $41.3 million, it trades at a 19x multiple. Note that its EBITDA estimates are down slightly since I last wrote about the stock, as are its multiples given the lower stock price. Net income was $4.1 million, or 14 cents per share, versus $2.2 million, or 8 cents per share.

Adjusted EBITDA came in at $48.9 million, ahead of the $45.7 consensus estimate. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.

MGE Energy downgraded to underweight at Morgan Stanley

In an exclusive interview with CNBC’s David Faber on the heels of the meeting Tuesday, CEO Elon Musk said he plans to spend more time on Tesla going forward, and devote a large chunk of time toward AI developments. Stocks rallied during early afternoon trading on growing hopes of a debt ceiling deal, but defensives continued to lag the market. The Technology Select Sector SPDR Fund (XLK) rose 1.2%, hitting a 52-week high. It’s the third straight session that the fund reached that milestone.

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McCarthy said the talks resulted in a „structure“ to find a solution while noting that the deadline remains „tight“ as Republicans look for spending cuts and Democrats seek a clean bill not tied to conditions. „The update is another data point that demonstrates WAL is distancing itself from recent industry turmoil and should be well received by market,“ Jefferies analyst Casey Haire said. The bank said in an 8K filing on Tuesday that customer deposits have grown by more than $2 billion throughout the quarter. Shares of Western Alliance climbed 10.3% on the analyst notes.

The new data was in an investor update filed with the Securities and Exchange Commission on Tuesday. Quad leaders will not be going ahead with their meeting in Sydney next week, Australia’s prime minister Anthony Albanese said, according to Reuters. On a year-on-year basis however, non-oil domestic exports fell 9.8%, more than the economists‘ expectations of 9.4%.

Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. When trading of Audacy stock was halted at 2 p.m., the share price was down more than 12% to 9 cents from Monday’s close of 11 cents. The company said to expect between $106.5 million and $107.5 million in revenue and between $39 million and $40 million in adjusted EBITDA for the first fiscal quarter. Both of those estimates were below consensus expectations, with analysts polled by FactSet anticipating revenue at $11.8 million and adjusted EBITDA at $45.4 million.

Singapore’s non-oil domestic exports in April grew 2.7% compared to the month before, a surprise upside compared to the 3% contraction that economists polled by Reuters were expecting. A look under the hood in stocks continues to build on the bear case, according to Wolfe Research. „I think at the end of the day we do not have a debt default,“ he said on CNBC’s „Squawk Box.“ „I think we finally got the president to agree to negotiate.“ To see more companies moving in the premarket, read the full story here.

Target’s revenue, however, barely grew year over year, and its shoppers bought more necessities. Target also said it expects sales to remain sluggish in the current quarter, and it anticipates a low-single-digit decrease in comparable sales. Mizuho managing director Vikram Malhotra said the switch in leadership is „disruptive, especially amid the current macro headwinds.“ He pointed to corporate layoffs and bankruptcies as examples of headwinds hurting the company. Malhotra drastically cut his price target from $1.75 to 30 cents, with the new target implying the stock could slide from where it finished Tuesday. Regional bank shares rebounded on Wednesday, helping market sentiment, as Western Alliance Bancorp detailed improving deposit growth.

He said targets of 76% occupancy by the end of this year and 78% by the end of 2024 are likely unachievable, which can lead to higher cash burn and prompt the need for outside capital. He also said the company will likely not be free cash flow positive until its 2025 fiscal year. So, this means that for every $1 of its shareholder’s investments, the company generates a profit of $0.10. It is the parent company of the regulated utility Madison Gas and Electric Co. and other subsidiaries. MGE recognized as the most reliable electric utility in the United States, based on national industry survey results. One share of MGEE stock can currently be purchased for approximately $75.46.

Over the last 40 years, MGE Energy has grown its assets due to prudent investments in our core utility business. Data are provided ‚as is‘ for informational purposes only and are not intended for trading purposes. Data https://business-oppurtunities.com/start-up-capital/ may be intentionally delayed pursuant to supplier requirements. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns.

You can find your newly purchased MGE Energy stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets. 14 employees have rated MGE Energy Chief Executive Officer Gary J. Wolter on Glassdoor.com. Gary J. Wolter has an approval rating of 93% among the company’s employees. This puts Gary J. Wolter in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.

Concerns over a potential default has weighed on markets recently. The Dow is down more than 3% this month, including a 1% decline on Tuesday. We are a financial media dedicated to providing stock recommendations, news, and real-time stock prices.