NEW YORK ( TheStreet) -- MGE Energy (Nasdaq: MGEE) hit a new 52-week high Monday as it is currently trading at $43.65, above its previous 52-week high of $43.62 with 19,829 shares traded as of 1:25 p.m. ET. Average volume has been 77,300 shares over the past 30 days.

MGE Energy has a market cap of $983.5 million and is part of the utilities sector and utilities industry. Shares are down 0.5% year to date as of the close of trading on Friday.

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company. It engages in generating, purchasing, transmitting, and distributing electricity. The company generates electricity from coal, natural gas, fuel oil, and renewable sources, as well as purchased power. The company has a P/E ratio of 15.8, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates MGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full MGE Energy Ratings Report.

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