MGE Energy Reaches New 52-Week High (MGEE)

NEW YORK ( TheStreet) -- MGE Energy (Nasdaq: MGEE) hit a new 52-week high Thursday as it is currently trading at $47.35, above its previous 52-week high of $47.23 with 1,256 shares traded as of 9:43 a.m. ET. Average volume has been 66,900 shares over the past 30 days.

MGE Energy has a market cap of $1.09 billion and is part of the utilities sector and utilities industry. Shares are up 9.8% year to date as of the close of trading on Wednesday.

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 17.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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, solid stock price performance, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full MGE Energy Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping