Madison Gas & Electric Co (MGEE)

Dividend Kings have earned a strong following among income investors because they have proven their ability to raise their dividends through different market cycles.

In a Morningstar report, Morningstar Indexes strategist Dan Lefkovitz said dividend growth investing is centered on companies that keep increasing their payouts to shareholders over time.

The markets have been churning all year. This picked up after the start of the Iran war on February 28 and the rally in crude oil prices.

On February 20, Morgan Stanley raised its price recommendation on MGE Energy, Inc. (NASDAQ:MGEE) to $77 from $73.

Dividend Kings are a small group of companies that have raised their dividends for at least 50 consecutive years. Stocks like these have remained popular with investors for a simple reason.

MGE Energy, Inc.

MGE Energy, Inc.

Dividend Aristocrats are firms within the S&P 500 Index that have consistently raised their dividend payments for a minimum of 25 straight years.

We came across a bullish thesis on MGE Energy, Inc. (MGEE) on Value Investing Subreddit Page by TickernomicsOfficial. In this article, we will summarize the bulls’ thesis on MGEE. MGE Energy, Inc.