MGE Energy, Inc. (MGEE) Stock Price & Analysis
MGE Energy, Inc. (MGEE) closed at USD 74.24 on Thursday, October 22, 2026, up 3.10% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 72.01; the Oct 22, 2026 session ranged USD 72.37–74.53 on volume of 126,486 shares. Market capitalization is $2.80B, with a 52-week range of USD 68.01–87.45 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MGEE.md
Key facts (MGEE)
- Valuation: P/E 18.7x (avg 23.8x at the last 3 fiscal year-ends), net debt $883M.
- 1 of 80 tracked superinvestors hold MGEE (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 2.67 on a 1–5 scale) (6 analysts), mean target USD 76.83 (range 72–81).
- Total return with dividends: 1Y -12.0% vs S&P 500 +14.9%; 5Y +9.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.14, revenue estimate $185M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MGEE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | $117M | $138M | $146M | $146M | $171M | $169M |
| Net income | $106M | $111M | $118M | $121M | $136M | $150M |
| EPS (diluted) | $2.92 | $3.07 | $3.25 | $3.33 | $3.72 | — |
| Free cash flow | -$15.6M | -$21.3M | $15.5M | $40.9M | -$80.0M | -$164M |
| Cash + short-term investments | $17.4M | $11.6M | $11.1M | $21.3M | $5.7M | — |
| Total debt | $619M | $640M | $724M | $769M | $814M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MGEE)
P/E 18.7x · P/B 1.9x · FCF yield -5.86% · Earnings yield 5.34% · Dividend yield (paid, TTM) 2.50% · Net debt $883M · EV $3.69B
P/E at fiscal year-ends: Dec 2025 21.1x, Dec 2024 28.2x, Dec 2023 22.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (MGEE)
1 of 80 tracked investors hold MGEE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.01% | $1.3M | New position |
Analysts (MGEE)
Consensus Hold (mean 2.67 on a 1–5 scale), 6 analysts; mean target USD 76.83 (low 72, high 81).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Morgan Stanley | Target raised | Underweight | $71 → $72 |
| 2026-10-15 | JP Morgan | Initiated | Neutral | $76 |
| 2026-09-24 | B of A Securities | Initiated | Neutral | $76 |
| 2026-09-18 | Morgan Stanley | Target lowered | Underweight | $74 → $71 |
| 2026-08-21 | Morgan Stanley | Target lowered | Underweight | $76 → $74 |
Total return (dividends reinvested) (MGEE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -12.0% | +9.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -12.1% | +1.8% |
| Volatility (annualized) | 20.8% | 24.7% |
| Max drawdown | -19.2% (Oct 2025→Sep 2026) | -30.2% (Nov 2024→Sep 2026) |
MGEE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.14 | $1.25 | -8.7% | $184.6M | 3 |
| Next quarter (ends Dec 2026) | $0.67 | $0.65 | +3.4% | $186.1M | 3 |
| Current fiscal year (ends Dec 2026) | $3.99 | $3.93 | +1.5% | $779.7M | 5 |
| Next fiscal year (ends Dec 2027) | $4.20 | $4.14 | +1.3% | $820.4M | 5 |
Key Statistics (as of October 23, 2026 at 09:28 UTC)
| Price | USD 74.24 |
|---|---|
| Change | ▲ 3.10% (up) |
| Previous Close | USD 72.01 |
| Open | USD 72.58 |
| Day Range | USD 72.37 – 74.53 |
| 52-Week Range | USD 68.01 – 87.45 |
| Volume | 126,486 shares |
| Market Cap | $2.80B |
| Exchange | NMS |
Technical Analysis (MGEE)
Nexqual's technical model rates MGEE "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:28 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 58.47 (neutral) |
| vs SMA50 | Below (USD 74.65) |
| MACD | -0.41 (negative) |
Analyst Ratings (MGEE)
Wall Street analysts rate MGEE "Hold" based on 6 analysts, with a mean price target of USD 76.83 (range USD 72–81), per Nexqual as of October 23, 2026 at 09:28 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 76.83 |
| High Target | USD 81 |
| Low Target | USD 72 |
| Buy / Hold / Sell | 2 / 3 / 1 |
Earnings (MGEE)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.14 |
| Revenue Estimate | $184.59M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.89 vs est 0.77 ▲ beat |
| 2026-03-31 | USD 1.32 vs est 1.13 ▲ beat |
| 2025-12-31 | USD 0.64 vs est 0.64 ▲ beat |
| 2025-09-30 | USD 1.22 vs est 1.19 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financials & Fundamentals (MGEE)
| Total Revenue | $752.13M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.10% |
| Gross Margin | +41.18% |
| Operating Margin | +22.67% |
| Profit Margin | +19.90% |
| ROE | +11.04% |
| Debt / Equity | 0.65 |
| Current Ratio | 1.14 |
| Total Cash | $16.62M |
| Total Debt | $934.36M |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financial Health Score (MGEE)
Nexqual rates MGE Energy, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:28 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 41%, operating 23% (last 12 months) |
| Balance Sheet | Solid — $17M cash and investments vs $900M debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $263M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 11%, ROA 3.7% |
Ownership (MGEE)
| Insider Ownership | +0.33% |
|---|---|
| Institutional Ownership | +70.34% |
| Shares Outstanding | 37.75M |
| Float | 37.66M |
| Short % of Float | +5.84% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Leadership (MGEE)
MGE Energy, Inc. is led by Jeffrey M. Keebler, President, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:28 UTC.
| President, CEO & Chairman of the Board | Jeffrey M. Keebler |
|---|---|
| Executive VP, CFO & Treasurer | Jared Joseph Bushek |
| Vice President of Energy Operations | James J. Lorenz |
| Director of Shareholder Services & Treasury Management | Ken Frassetto |
Major Backers & Investors (MGEE)
Notable institutional backers of MGE Energy, Inc. include Zimmer Partners, Lp, Morgan Stanley, Westwood Holdings Group Inc., according to Nexqual as of October 23, 2026 at 09:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Zimmer Partners, Lp | 2.65% |
| Morgan Stanley | 1.44% |
| Westwood Holdings Group Inc. | 1.4% |
| Gabelli Funds, LLC | 1.36% |
| First TRT Exch-Trd Fd.-First TRT Value Line Dividend Index Fd. | 1.15% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.13% |
| Vanguard Group | 11.9% |
| State Street | 5.43% |
| Geode Capital | 2.66% |
| Dimensional Fund Advisors | 1.86% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| IDA | IDACORP, Inc. | USD 142.06 | ▲ 2.5% |
| OGE | OGE Energy Corp | USD 48.92 | ▲ 2.02% |
| CIG-C | Comp En De Mn Cemig | USD 3.4 | ▼ 2.86% |
| ELPC | Companhia Paranaense de Energia | USD 13.83 | ▲ 0.22% |
| PNW | Pinnacle West Capital Corporati | USD 106.61 | ▲ 2.62% |
| KEP | Korea Electric Power Corporatio | USD 10.72 | ▼ 0.09% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:28 UTC. This page is informational and not investment advice.
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