MGE Energy, Inc. (MGEE)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
MGE Energy, Inc. (MGEE) trades at $84.23 with AI Score 90/100 (Grade A+). MGE Energy, Inc. is a public utility holding company that operates primarily in Wisconsin. Market cap: $3.18B, Sector: Utilities.
Price live · AI analysis from May 9, 2026MGEE stock analysis for 2026: Analysts have set a consensus price target of $73.00 for MGE Energy, Inc., suggesting 13.3% downside from the current price of $84.23. The AI MoonshotScore is 90/100, indicating a strong bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
MGEE: 1/1 perspectives are bullish.
How is this calculated? →MGE Energy, Inc. (MGEE) Utility Operations & Dividend Profile
MGE Energy, Inc. (MGEE) is a Wisconsin-based public utility holding company focused on regulated electric and gas operations. With a strong presence in Dane County, it distinguishes itself through its commitment to renewable energy sources and transmission infrastructure, serving a stable customer base in a consolidated geographic area.
What Is the Investment Thesis for MGEE?
MGE Energy presents a stable investment profile within the utilities sector, characterized by its regulated business model and consistent profitability, as evidenced by a profit margin of 18.6%. The company's dividend yield of 2.55% offers a steady income stream for investors. Growth catalysts include ongoing investments in renewable energy projects and transmission infrastructure upgrades. However, potential risks involve regulatory changes and fluctuations in energy prices. The company's beta of 0.79 indicates lower volatility compared to the broader market. Key value drivers include its strong market position in Wisconsin and its commitment to sustainable energy practices. Investors should monitor regulatory outcomes and infrastructure project timelines to assess future performance.
Based on FMP financials and quantitative analysis
MGEE Key Highlights
- Market capitalization of $3.18B, reflecting its established position in the utility sector.
- P/E ratio of 20.1, indicating investor valuation relative to earnings.
- Profit margin of 18.6%, demonstrating strong operational efficiency and profitability.
- Gross margin of 97.1%, showcasing effective cost management in its utility operations.
- Dividend yield of 2.55%, providing a consistent return to shareholders.
Who Are MGEE's Competitors?
MGEE is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| NWE Northwestern Energy Group Inc | $70.35 | -1.36% | $4.33B | 50 |
| CPK Chesapeake Utilities Corporation | $121.77 | -2.58% | $2.92B | 57 |
| AVA Avista Corporation | $40.81 | -1.43% | $3.37B | 54 |
| ALE ALLETE, Inc. | $67.90 | -0.06% | $3.94B | 42 |
| EE Excelerate Energy, Inc. | $39.11 | +2.95% | $4.52B | 71 |
| PPWLM PacifiCorp | $193.25 | -0.90% | $69.00B | 63 |
| ELPC Companhia Paranaense de Energia (ELPC), also known as COPEL, | $11.64 | +0.26% | $2.16B | 55 |
| BKH Black Hills Corporation | $72.73 | -1.44% | $5.54B | 53 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MGEE's Key Strengths?
- Strong market position in Wisconsin.
- Regulated utility operations provide stable revenue.
- Commitment to renewable energy investments.
- High gross margin of 97.1%.
What Are MGEE's Weaknesses?
- Limited geographic diversification.
- Dependence on regulatory approvals.
- Exposure to fluctuations in energy prices.
- Relatively small market capitalization compared to larger utilities.
What Could Drive MGEE Stock Higher?
- Investments in renewable energy projects, such as solar and wind farms, are expected to drive revenue growth and improve the company's environmental profile.
- Regulatory approvals for new transmission infrastructure projects are anticipated, which will enhance grid reliability and support future growth.
- Expansion of energy efficiency programs and services is expected to reduce energy consumption and lower customer bills.
- Potential acquisitions or partnerships in the renewable energy sector could expand the company's capabilities and market reach.
What Are the Key Risks for MGEE?
- Changes in regulatory policies could impact the company's revenue and profitability.
- Increased competition from alternative energy sources could erode market share.
- Economic downturn affecting energy demand could reduce revenue.
- Environmental regulations impacting coal-fired generation could increase operating costs.
- Fluctuations in natural gas prices could affect the cost of electricity generation.
What Are the Growth Opportunities for MGEE?
- Expansion of Renewable Energy Portfolio: MGE Energy can capitalize on the increasing demand for renewable energy by expanding its solar and wind energy generation facilities. Wisconsin's renewable energy standards and incentives provide a favorable environment for such investments. The market for renewable energy is projected to grow significantly, driven by environmental concerns and government policies. Timeline: Ongoing, with incremental capacity additions planned over the next 5-10 years.
- Investment in Smart Grid Technologies: Upgrading the existing grid infrastructure with smart grid technologies can improve efficiency, reliability, and resilience. Smart grids enable better monitoring and control of energy distribution, reducing losses and improving customer service. The market for smart grid technologies is expected to grow as utilities modernize their infrastructure. Timeline: Ongoing, with phased implementation across its service territory.
- Strategic Acquisitions and Partnerships: MGE Energy can pursue strategic acquisitions or partnerships to expand its service territory or enhance its capabilities in renewable energy and energy storage. This can provide access to new markets and technologies, accelerating growth and diversification. The utility sector is consolidating, creating opportunities for strategic transactions. Timeline: Opportunistic, based on market conditions and strategic fit.
- Development of Energy Storage Solutions: As renewable energy sources become more prevalent, energy storage solutions are essential to address intermittency issues. MGE Energy can invest in battery storage or other energy storage technologies to improve the reliability and stability of its grid. The market for energy storage is rapidly growing, driven by the increasing adoption of renewable energy. Timeline: Near-term, with pilot projects and initial deployments planned in the next 3-5 years.
- Electrification of Transportation: The increasing adoption of electric vehicles (EVs) presents a significant growth opportunity for MGE Energy. The company can invest in EV charging infrastructure and promote the use of EVs among its customers. This will increase electricity demand and generate new revenue streams. The market for EVs is expected to grow rapidly, driven by government incentives and technological advancements. Timeline: Long-term, with gradual adoption of EVs and expansion of charging infrastructure over the next 5-10 years.
What Opportunities Does MGEE Have?
- Expansion of renewable energy portfolio.
- Investment in smart grid technologies.
- Strategic acquisitions and partnerships.
- Electrification of transportation.
What Threats Does MGEE Face?
- Changes in regulatory policies.
- Increased competition from alternative energy sources.
- Economic downturn affecting energy demand.
- Environmental regulations impacting coal-fired generation.
What Are MGEE's Competitive Advantages?
- Regulated Utility Status: Operates as a regulated utility, providing a stable and predictable revenue stream.
- Geographic Monopoly: Holds a dominant market share in its service territory, creating a barrier to entry for competitors.
- Essential Service Provider: Provides essential electricity and natural gas services, ensuring consistent demand.
- Infrastructure Investments: Significant investments in transmission and distribution infrastructure create a competitive advantage.
What Does MGEE Do?
MGE Energy, Inc., established to serve the energy needs of Wisconsin communities, has evolved into a diversified utility holding company. The company's history is rooted in providing reliable electricity and natural gas services. Today, MGE Energy operates through several key segments: Regulated Electric Utility Operations, Regulated Gas Utility Operations, Nonregulated Energy Operations, Transmission Investments, and All Other. Its primary business involves generating, purchasing, and distributing electricity to approximately 159,000 customers in Dane County, Wisconsin. Additionally, it purchases and distributes natural gas to around 169,000 customers across seven Wisconsin counties. MGE Energy also invests in and operates electric generation facilities in Wisconsin and Iowa, utilizing a mix of coal-fired, gas-fired, and renewable energy sources. The company is headquartered in Madison, Wisconsin, and is committed to expanding its transmission infrastructure to enhance service reliability and support future growth.
What Products and Services Does MGEE Offer?
- Generates and distributes electricity to residential, commercial, and industrial customers.
- Purchases and distributes natural gas to customers.
- Owns and operates electric generation facilities in Wisconsin and Iowa.
- Invests in renewable energy sources, such as solar and wind power.
- Plans, constructs, operates, and maintains transmission facilities.
- Provides energy efficiency programs and services to customers.
- Engages in nonregulated energy operations.
How Does MGEE Make Money?
- Generates revenue through the sale of electricity and natural gas to customers.
- Operates under a regulated utility framework, with rates approved by regulatory authorities.
- Invests in infrastructure and generation assets to provide reliable service.
- Focuses on operational efficiency and cost management to maximize profitability.
What Industry Does MGEE Operate In?
MGE Energy operates within the diversified utilities sector, which is characterized by stable demand and regulated pricing. The industry is undergoing a transition towards renewable energy sources and grid modernization. MGE Energy's focus on regulated operations and investments in transmission infrastructure aligns with these trends. Competitors like Northwestern Energy Group Inc (NWE) and Avista Corporation (AVA) also navigate similar market dynamics, focusing on regional service and infrastructure development. The utilities sector is expected to see steady growth, driven by increasing demand for electricity and natural gas, as well as investments in renewable energy and grid resilience.
Who Are MGEE's Key Customers?
- Residential customers in Dane County, Wisconsin.
- Commercial customers in Dane County, Wisconsin.
- Industrial customers in Dane County, Wisconsin.
- Natural gas customers in seven Wisconsin counties.
Net buyingInsider Activity
Over the past six months, MGE Energy, Inc. insiders filed 19 SEC Form 4 transactions — 0 sales and 19 purchases. On net that is roughly 57K shares acquired (about $29K) — insiders putting money in tends to read as conviction.
FY2026 estForward Outlook
Wall Street analysts project MGE Energy, Inc. revenue of about $773.2M for fiscal 2026, with EPS near $3.93. The estimate reflects 3 contributing analysts.
F-Score 4/9Financial Health
MGE Energy, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.88 places it in the grey zone, a middle ground that warrants monitoring.
ROE 11%Key Financial Metrics
Return on equity for MGE Energy, Inc. stands at 10.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.5%, showing how much profit it generates from its asset base. MGEE trades at a trailing price-to-earnings ratio of 20.09, below the Utilities sector average of ~28x. Its free cash flow yield is -4.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.15 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 4.8%, the inverse of the P/E and a quick read on earnings relative to price.
MGE Energy, Inc. (MGEE) Valuation Context
Valued at $3.18B, MGEE is classified as a mid-cap stock. Relative to its peer group, MGEE's quantitative score of 90/100 is above the peer average of 55/100.
MGEE Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in MGE Energy's future performance, indicating that those closest to the company believe in its fundamentals.
- Community sentiment has shifted positively as discussions around renewable energy initiatives gain traction, aligning with MGE's strategic direction.
- The company's consistent commitment to sustainability has resonated well with investors, enhancing its reputation in a market that increasingly values eco-friendly practices.
- Recent regulatory developments favoring clean energy utilities have created a supportive environment for MGE's growth prospects.
Bear Case
- Concerns over rising operational costs have emerged, which could impact profit margins and investor confidence in the near term.
- Bearish sentiments have surfaced in discussions around potential regulatory challenges that may affect MGE's operational flexibility.
- Market perception has been cautious due to broader economic uncertainties, leading some investors to reconsider their positions in utility stocks like MGE.
- Recent social media discussions have highlighted skepticism about the pace of MGE's transition to renewable energy, suggesting a potential lag behind competitors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
MGEE Latest News
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MGEE: What does Argus have to say about MGEE?
Argus Research · Jun 24, 2026
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Ladenburg Sees Opportunity in MGE Energy (MGEE) Stock, Freedom Broker Remains Cautious
Yahoo! Finance: MGEE News · Jun 23, 2026
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Ladenburg Thalmann Upgrades MGE Energy to Buy, Announces $81 Price Target
benzinga · Jun 8, 2026
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Morgan Stanley Revises MGE Energy (MGEE) Price Target Following Utility Sector Underperformance
Yahoo! Finance: MGEE News · May 26, 2026
MGEE Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MGEE.
Price Targets
Consensus target: $73.00
MGEE MoonshotScore
What does this score mean?
The MoonshotScore rates MGEE's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
MGEE: What does Argus have to say about MGEE?
Ladenburg Sees Opportunity in MGE Energy (MGEE) Stock, Freedom Broker Remains Cautious
Ladenburg Thalmann Upgrades MGE Energy to Buy, Announces $81 Price Target
Morgan Stanley Revises MGE Energy (MGEE) Price Target Following Utility Sector Underperformance
Leadership: Jeffrey Keebler
CEO
Jeffrey Keebler serves as the CEO of MGE Energy, Inc. His career spans various leadership roles within the energy sector, focusing on strategic planning, operational efficiency, and regulatory compliance. He has extensive experience in utility management and a strong understanding of the evolving energy landscape. Keebler's background includes a focus on sustainable energy solutions and infrastructure development.
Track Record: Under Jeffrey Keebler's leadership, MGE Energy has focused on expanding its renewable energy portfolio and modernizing its grid infrastructure. He has overseen the implementation of several key renewable energy projects and has emphasized the importance of energy efficiency and customer service. His tenure has been marked by a commitment to sustainability and innovation in the utility sector.
MGEE Utilities Stock FAQ
What does MGE Energy, Inc. do?
MGE Energy, Inc. is a public utility holding company that primarily operates in Wisconsin. Through its subsidiaries, it generates, purchases, and distributes electricity to approximately 159,000 customers in Dane County and distributes natural gas to around 169,000 customers in seven Wisconsin counties. The company invests in and operates electric generation facilities, including renewable energy sources, and maintains transmission infrastructure to ensure reliable service to its customers.
What do analysts say about MGEE stock?
Analyst consensus on MGEE reflects a stable outlook, recognizing its consistent performance as a regulated utility. Key valuation metrics, such as the P/E ratio of 20.1, are closely monitored. Growth considerations include the company's investments in renewable energy and infrastructure upgrades. Analysts typically focus on regulatory outcomes and the impact of energy prices on MGEE's profitability. The company's dividend yield of 2.55% is also a factor in investment considerations.
What are the main risks for MGEE?
MGEE faces several risks, including regulatory changes that could impact its revenue and profitability. Increased competition from alternative energy sources and fluctuations in energy prices also pose challenges. Environmental regulations affecting coal-fired generation could increase operating costs. Additionally, an economic downturn could reduce energy demand, affecting the company's financial performance. These risks are inherent in the utility sector and require careful management.
What are the key factors to evaluate for MGEE?
MGE Energy, Inc. (MGEE) holds an AI score of 90/100 (high). P/E: 20.1x vs the S&P 500's ~20-25x. Analysts target $73.00 (-13%). Not financial advice.
How frequently does MGEE data refresh on this page?
MGEE prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven MGEE's recent stock price performance?
MGE Energy, Inc. (MGEE) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in Wisconsin. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MGEE overvalued or undervalued right now?
MGE Energy, Inc. (MGEE) trades at 20.1x earnings. Analysts target $73.00 (-13%) — downside risk seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying MGEE?
Before investing in MGE Energy, Inc. (MGEE), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available data and company filings as of 2026-05-09.
- Financial metrics are based on the most recent available data.
- Future performance is subject to market conditions and regulatory changes.