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Posted by
Two Blokes Apr 15 -
Filed in
Stock
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MGE Energy, Inc., a small utility serving Madison, Wisconsin, has a high market capitalization relative to its customer base, suggesting potential overvaluation. Despite a strong historical performance, MGE Energy's low dividend yield and high valuation metrics make it less attractive compared to peers. The company plans significant capital investments in solar and wind projects, which may not be economically optimal but will support rate increases.
