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MGE Energy, Inc.
MGEE
NASDAQ·Utilities·Diversified Utilities·Mkt cap $3.1B
$84.23
▲ +3.85%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$72.16 - $90.14
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 9.1% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Regulated utility monopoly in Dane County and seven Wisconsin counties providing stable, predictable revenue streams
- Diversified generation portfolio reducing fuel price volatility and regulatory risk
- Established transmission infrastructure and investment capabilities supporting regional grid reliability
- Dual utility model (electricity and natural gas) enabling cross-selling and operational synergies
- Strong regional market position with 328,000+ customers in stable Midwestern demographics
Bear Case
2 risks
- Low volatility (beta 0.7).
- Premium valuation to Multi-Utilities peers
Growth
Stable outlook
Renewable energy expansion and transition away from coal-fired generation supporting ESG objectives
Value
Premium valuation to Multi-Utilities peers
Momentum
Stable
+2.9% over 3m
Quality
Excellent
Excellent business quality
Dividend
Solid
2.34% yield
Smart-money signal
Who's buying MGEE right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Apr 30, 2026
MAY 5, 2026
Reported EPS of $1.32 vs $1.13 consensus (+16.8% surprise). Revenue of $242.7M vs $227.1M expected (+6.9%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Q2 26
+16.8%
Next: Apr 30, 2026
Revenue trend · last 8Q
—
—
+4%
+14%
+9%
+4%
+11%
+11%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$145.7M
$168.5M
$171.4M
$219.0M
$159.5M
$175.7M
$189.6M
$242.7M
Margins · last 8Q
Gross
—
Operating
—
Profit
20.0%
Wall Street consensus
1 analyst · 0% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
0%
Hold
0%
Sell
100%
Median Price Target
$70.00
▼ -16.9% vs $84.23
Latest: Morgan Stanley · Jun 24, 2026
1 analyst covering