MGE Energy (MGEE) Stock Price

MGE Energy Price

NASDAQ·CLOSED
80.80USD-0.74 (-0.91 %)
Market closed

Revenue has compounded at 2.0% per year over the past 19 years to 743.65 M USD. Earnings per share have grown at 5.5% per year over the last 19 years. MGE Energy's net margin stands at 18.3%, broadly stable from 17.4% several years earlier. MGE Energy currently offers a dividend yield of about 2.29%. The payout ratio is around 50% of earnings. The dividend has grown at 1.5% per year over the past 19 years. Analysts set a median price target of 79.82 USD, implying 1.2% below the current price. Of 7 analysts, 0 rate the stock a buy — an overall Sell consensus. The stock trades about 12% above its 52-week low.

MGE Energy stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of MGE Energy over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MGE Energy stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MGE Energy's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

MGE Energy Stock Price History
DateMGE Energy Price
8/10/202680.80 USD
8/7/202681.54 USD
8/6/202680.85 USD
8/5/202679.81 USD
8/4/202679.89 USD
8/3/202680.00 USD
7/31/202679.53 USD
7/30/202679.50 USD
7/29/202681.65 USD
7/27/202682.39 USD
7/23/202682.40 USD
7/22/202682.99 USD
7/21/202680.80 USD
7/20/202681.31 USD
7/17/202681.05 USD
7/16/202681.99 USD
7/15/202680.50 USD
7/14/202681.17 USD
7/13/202682.08 USD
7/10/202681.77 USD
7/9/202681.74 USD
7/8/202682.02 USD
7/7/202683.07 USD
7/6/202682.66 USD
7/2/202684.23 USD
7/1/202681.11 USD
6/30/202681.54 USD
6/29/202680.15 USD
6/26/202679.78 USD
6/25/202678.86 USD
6/24/202678.72 USD
6/23/202677.27 USD
6/22/202676.61 USD
6/18/202676.22 USD
6/17/202676.32 USD
6/16/202677.22 USD
6/15/202676.63 USD
6/12/202678.19 USD
6/11/202677.86 USD
6/10/202677.89 USD
6/9/202676.96 USD
6/8/202675.95 USD
6/5/202675.54 USD
6/4/202672.75 USD
6/3/202674.75 USD
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6/1/202673.14 USD
5/29/202675.80 USD
5/28/202676.07 USD
5/27/202676.01 USD
5/26/202675.72 USD
5/22/202675.48 USD
5/21/202675.63 USD
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5/18/202675.00 USD
5/15/202674.39 USD
5/14/202675.74 USD
5/13/202674.90 USD
5/12/202675.30 USD
5/11/202673.83 USD
5/8/202673.65 USD
5/7/202674.65 USD
5/6/202680.80 USD
5/5/202680.75 USD
5/4/202680.11 USD
5/1/202680.60 USD
4/30/202680.22 USD
4/29/202678.75 USD
4/28/202681.02 USD
4/27/202681.06 USD
4/24/202680.18 USD
4/23/202680.55 USD
4/22/202678.64 USD
4/21/202678.65 USD
4/20/202678.34 USD
4/17/202677.49 USD
4/16/202677.29 USD
4/15/202677.76 USD
4/14/202679.89 USD
4/13/202679.85 USD
4/10/202680.77 USD
4/9/202681.10 USD
4/8/202679.80 USD
4/7/202678.85 USD
4/6/202678.41 USD
4/2/202678.81 USD
4/1/202677.71 USD
3/31/202677.29 USD
3/30/202678.02 USD
3/27/202676.16 USD
3/26/202675.94 USD
3/25/202676.21 USD
3/24/202676.75 USD
3/23/202676.11 USD
3/20/202674.13 USD
3/19/202674.44 USD
3/18/202674.44 USD
3/17/202674.41 USD
3/16/202675.48 USD
3/13/202674.77 USD
3/12/202673.77 USD
3/11/202674.15 USD
3/10/202676.77 USD
3/9/202678.00 USD
3/6/202679.85 USD
3/5/202679.73 USD
3/4/202681.11 USD
3/3/202681.24 USD
3/2/202681.85 USD
2/27/202682.02 USD
2/26/202682.36 USD
2/25/202681.56 USD
2/24/202682.56 USD
2/23/202681.50 USD
2/20/202680.90 USD
2/19/202680.08 USD
2/18/202679.99 USD
2/17/202682.43 USD
2/13/202682.88 USD
2/12/202681.15 USD
2/11/202679.90 USD
2/10/202679.90 USD
2/9/202678.73 USD
2/6/202679.58 USD
2/5/202680.91 USD
2/4/202680.28 USD
2/3/202679.17 USD
2/2/202679.04 USD
1/30/202679.88 USD
1/29/202678.94 USD
1/28/202678.17 USD
1/27/202679.12 USD
1/26/202679.21 USD
1/23/202678.60 USD
1/22/202679.93 USD
1/21/202680.67 USD
1/20/202679.37 USD
1/16/202679.58 USD
1/15/202679.95 USD
1/14/202679.46 USD
1/13/202678.98 USD
1/12/202678.75 USD
1/9/202678.43 USD
1/8/202678.05 USD
1/7/202678.33 USD
1/6/202678.21 USD
1/5/202677.50 USD
1/2/202678.44 USD
12/31/202578.42 USD
12/30/202578.75 USD
12/29/202578.77 USD
12/26/202578.35 USD
12/24/202578.66 USD
12/23/202578.27 USD
12/22/202578.36 USD
12/19/202578.78 USD
12/18/202580.82 USD
12/17/202581.31 USD
12/16/202580.24 USD
12/15/202581.79 USD
12/12/202580.19 USD
12/11/202579.30 USD
12/10/202578.99 USD
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12/8/202577.66 USD
12/5/202578.66 USD
12/4/202578.92 USD
12/3/202579.97 USD
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12/1/202580.13 USD
11/28/202582.82 USD
11/26/202582.71 USD
11/25/202582.13 USD
11/24/202581.88 USD
11/21/202582.48 USD
11/20/202581.06 USD
11/19/202580.86 USD
11/18/202582.16 USD
11/17/202582.41 USD
11/14/202583.67 USD
11/13/202583.61 USD
11/12/202584.02 USD
11/11/202584.20 USD
11/10/202583.25 USD
11/7/202583.37 USD
11/6/202583.56 USD
11/5/202584.47 USD
11/4/202583.29 USD
11/3/202582.96 USD
10/31/202582.87 USD
10/30/202583.57 USD
10/29/202582.99 USD
10/28/202585.26 USD
10/27/202585.91 USD
10/24/202586.72 USD
10/23/202586.48 USD
10/22/202587.05 USD
10/21/202585.70 USD
10/20/202585.86 USD
10/17/202584.33 USD
10/16/202584.35 USD
10/15/202584.68 USD
10/14/202584.45 USD
10/13/202583.91 USD
10/10/202584.61 USD
10/9/202584.36 USD
10/8/202584.11 USD
10/7/202583.67 USD
10/6/202582.89 USD
10/3/202582.75 USD
10/2/202581.51 USD
10/1/202583.06 USD
9/30/202584.18 USD
9/29/202583.66 USD
9/28/202583.66 USD
9/25/202583.26 USD
9/24/202583.00 USD
9/23/202584.49 USD
9/22/202583.85 USD
9/19/202586.53 USD
9/18/202584.11 USD
9/17/202583.60 USD
9/16/202583.20 USD
9/15/202585.01 USD
9/12/202584.28 USD
9/11/202585.96 USD
9/10/202583.48 USD
9/9/202583.44 USD
9/8/202583.30 USD
9/5/202584.75 USD
9/4/202585.23 USD
9/3/202584.46 USD
9/2/202584.73 USD
8/29/202585.17 USD
8/28/202586.01 USD
8/27/202587.49 USD
8/26/202587.42 USD
8/25/202586.23 USD
8/22/202588.12 USD
8/21/202584.92 USD
8/20/202585.10 USD
8/19/202584.97 USD
8/18/202583.40 USD
8/15/202584.12 USD
8/14/202584.61 USD
8/13/202585.82 USD
8/12/202585.05 USD
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MGE Energy Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
690.43 M USD
146.39 M USD
117.70 M USD
Jan 1, 2024
676.94 M USD
146.26 M USD
120.57 M USD
Jan 1, 2025
743.65 M USD
170.65 M USD
135.89 M USD
Jan 1, 2026 (e)
773.38 M USD
228.77 M USD
143.72 M USD
Jan 1, 2027 (e)
807.84 M USD
238.96 M USD
151.28 M USD
Jan 1, 2028 (e)
860.77 M USD
254.62 M USD
160.53 M USD
Jan 1, 2029 (e)
892.50 M USD
264.00 M USD
165.89 M USD
Jan 1, 2030 (e)
935.00 M USD
276.58 M USD
176.49 M USD

MGE Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 12, 2026, 3:34 AM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
564.00544.00563.00559.00568.00538.00606.00714.00690.00676.00743.00773.00807.00860.00892.00935.00
-8.89-3.553.49-0.711.61-5.2812.6417.82-3.36-2.039.914.044.406.573.724.82
33.3335.2935.7033.9935.7437.7335.1534.0338.9941.1297.3197.3197.3197.3197.3197.31
188.00192.00201.00190.00203.00203.00213.00243.00269.00278.00723.00752.19785.28836.85867.99909.83
124.00128.00128.00114.00111.00109.00117.00137.00146.00146.00170.00228.00238.00254.00264.00276.00
21.9923.5322.7420.3919.5420.2619.3119.1921.1621.6022.8829.5029.4929.5329.6029.52
71.0075.0097.0084.0080.0092.00105.00110.00117.00120.00135.00143.00151.00160.00165.00176.00
-11.255.6329.33-13.40-4.7615.0014.134.766.362.5612.505.935.595.963.136.67
1.151.211.261.321.381.441.521.591.671.761.851.902.002.10––
-31.145.224.134.764.554.354.865.305.034.795.712.705.265.00––
34.6734.6734.6734.6734.6736.1636.1736.1636.1936.3536.5736.5736.5736.5736.5736.57
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales MGE Energy generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MGE Energy retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MGE Energy's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares MGE Energy has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MGE Energy's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

MGE Energy stock margins

The MGE Energy margin analysis displays the gross margin, EBIT margin, as well as the profit margin of MGE Energy. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for MGE Energy.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
35.21 %
19.34 %
17.44 %
Jan 1, 2022
34.14 %
19.28 %
15.53 %
Jan 1, 2023
38.97 %
21.20 %
17.05 %
Jan 1, 2024
41.19 %
21.61 %
17.81 %
Jan 1, 2025
97.31 %
22.95 %
18.27 %
Jan 1, 2026 (e)
97.31 %
29.58 %
18.58 %
Jan 1, 2027 (e)
97.31 %
29.58 %
18.73 %
Jan 1, 2028 (e)
97.31 %
29.58 %
18.65 %

MGE Energy Stock Revenue, EBIT, Earnings per Share

The MGE Energy earnings per share therefore indicates how much revenue MGE Energy has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
16.77 USD
3.24 USD
2.92 USD
Jan 1, 2022
19.76 USD
3.81 USD
3.07 USD
Jan 1, 2023
19.08 USD
4.04 USD
3.25 USD
Jan 1, 2024
18.62 USD
4.02 USD
3.32 USD
Jan 1, 2025
20.33 USD
4.67 USD
3.72 USD
Jan 1, 2026 (e)
21.17 USD
6.26 USD
3.93 USD
Jan 1, 2027 (e)
22.11 USD
6.53 USD
4.14 USD
Jan 1, 2028 (e)
23.56 USD
6.96 USD
4.39 USD

MGE Energy business model & stock analysis

MGE Energy Inc. is a company operating in the energy sector. It is based in Madison, Wisconsin, USA and was founded in 1855. It focuses on the sale of electricity, gas, and energy efficiency solutions. The company operates under the name Madison Gas & Electric Company (MG&E) and consists of four main divisions that aim to provide electricity and gas to customers in the region. History: MGE Energy was founded in 1855 as Madison Gas Light Company and began installing gas lamps in the city. The company grew rapidly and acquired a coal power plant at the beginning of the 20th century, starting electricity generation. It was renamed Madison Gas & Electric in 1925 and has since continuously strived for sustainable energy production. In recent times, the company has been driving the development of renewable energy sources. Nowadays, MGE is a leading provider of electricity and gas in Wisconsin. Business model: MGE Energy Inc. is an integrated energy provider operating gas and electricity production and supply. The company aims to provide the best quality and service while improving its reach and sustainable energy production capacity. MGE is dedicated to providing energy efficiency solutions to help customers reduce their energy costs and environmental impact. Various divisions: MGE Energy is divided into four main divisions, focusing on different aspects of its operations: 1. MG&E - Electricity and gas supply: MG&E is the largest part of the company and is responsible for supplying customers with electricity and gas in the region. This division is in charge of purchasing electricity and gas from various energy providers and distributing it to end customers. 2. MGE Power - Power plant and electricity supply: MGE Power is responsible for generating electricity from non-renewable energy sources such as coal and natural gas. The company operates a power plant and a network of power lines. 3. New Market - Innovative energy services and products: New Market is the division of MGE Energy that focuses on the development of energy efficiency and renewable energy solutions. The company concentrates on energy-efficient technology, decentralized energy production, and smart grids. 4. MGE Energy Services - Energy services: MGE Energy Services is the service division of the company, offering energy efficiency and leasing services to help customers reduce their energy costs. Products: MGE Energy offers a variety of products and services to its customers: 1. Electricity: MGE Energy offers electricity mainly generated from non-renewable sources such as coal and natural gas. However, the company is working to expand its sustainable energy production through the development of wind, solar, biomass, and hydroelectric power plants. 2. Gas: MGE offers its customers gas, primarily natural gas and liquid propane. It is mainly used for heating buildings and providing hot water. 3. Energy efficiency solutions: MGE Energy provides energy efficiency solutions to help customers reduce their energy costs. The company offers services such as heating, ventilation, and air conditioning solutions, lighting solutions, as well as energy auditing and consulting. 4. Sustainable solutions: MGE is working on the development of renewable energy sources. Efforts in this area include the installation of solar, wind, biomass, and hydroelectric power plants. The company also aims to reduce CO2 emissions and minimize environmental impact. Overall, MGE Energy Inc. is an integrated energy company focusing on the provision of electricity, gas, and energy efficiency solutions. The company strives to improve its reach, sustainable energy production, and energy efficiency performance to provide customers with better service and reduce environmental impact.

MGE Energy SWOT Analysis

Strengths

One of the major strengths of MGE Energy Inc is its strong financial performance. The company consistently generates positive revenue and has a stable financial position, allowing it to invest in new projects and expand its operations steadily.

Another significant strength is the company's diversified energy portfolio. MGE Energy Inc operates in various segments, including electric utility, gas utility, and non-regulated energy operations. This diversification helps mitigate risks and ensures a stable revenue stream.

MGE Energy Inc also enjoys a strong reputation in the industry. The company has a long history of providing reliable and affordable energy solutions to its customers. Its positive brand image and customer loyalty contribute to its competitive advantage in the market.

Weaknesses

One of the weaknesses MGE Energy Inc faces is its dependence on regulatory approvals for its projects. Any delays or rejections in obtaining necessary permits can significantly impact the company's expansion plans and financial performance.

Another weakness is the company's reliance on fossil fuel-based energy sources. With increasing concerns about climate change and the shift towards renewable energy, MGE Energy Inc may face challenges in transitioning its energy portfolio to cleaner alternatives.

Additionally, MGE Energy Inc operates in a highly regulated industry, which can pose compliance and operational challenges. Adapting to changing regulations and meeting stringent requirements may require substantial investments and resources.

Opportunities

One significant opportunity for MGE Energy Inc lies in the growing demand for renewable energy solutions. The company can leverage its expertise and resources to expand its renewable energy portfolio, capitalizing on the increasing market trend and government incentives.

Moreover, advancements in technology offer opportunities for the company to enhance its operational efficiency and customer experience. Investing in smart grid systems, energy management technologies, and digital solutions can improve service quality and attract tech-savvy customers.

Strategic partnerships and collaborations with other energy companies and technology providers can also open doors to new markets and business opportunities for MGE Energy Inc.

Threats

One of the significant threats facing MGE Energy Inc is increasing competition in the energy industry. Other established utilities and new market entrants pose a challenge to the company's market share, profitability, and customer base.

Additionally, regulatory changes and policies can present threats to MGE Energy Inc's operations. Changes in government regulations, environmental policies, or taxation can impact the company's profitability, operational costs, and strategic decisions.

External factors like natural disasters, extreme weather conditions, or cyber-attacks can disrupt MGE Energy Inc's operations, affect its infrastructure, and lead to potential financial losses.

MGE Energy Employees

  • 3 Years

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  • Max

MGE Energy Employees
Details
Date
MGE Energy Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

MGE Energy Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

MGE Energy historical P/E ratio, EBIT multiple, and P/S ratio

MGE Energy annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

MGE Energy shares outstanding

The number of shares of MGE Energy was 36.57 M in 2025. This indicates how many shares MGE Energy is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
36.17 M Stocks
Jan 1, 2022
36.16 M Stocks
Jan 1, 2023
36.19 M Stocks
Jan 1, 2024
36.35 M Stocks
Jan 1, 2025
36.57 M Stocks
Jan 1, 2026 (e)
36.57 M Stocks
Jan 1, 2027 (e)
36.57 M Stocks
Jan 1, 2028 (e)
36.57 M Stocks

MGE Energy stock splits

In MGE Energy's history, there have been no stock splits.

MGE Energy Dividend History

37 years of dividend payments · 10 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.95USDYTD—2×
Feb 27, 20260.48USD 0.0%1/2
Jun 1, 20260.48USD 0.0%2/2
20251.85USD↑ 5.4%4×
Feb 28, 20250.45USD 0.0%1/4
May 30, 20250.45USD 0.0%2/4
Aug 29, 20250.48USD↑ 5.6%3/4
Dec 1, 20250.48USD 0.0%4/4
20241.76USD↑ 5.1%4×
20231.67USD↑ 5.0%4×
20221.59USD↑ 5.0%4×
20211.52USD↑ 4.8%4×
20201.44USD↑ 4.7%4×
20191.38USD↑ 4.5%4×
20181.32USD↑ 4.8%4×
20171.26USD↑ 4.6%4×

MGE Energy dividend history and estimates

In 2025, MGE Energy paid a dividend amounting to 1.85 USD. Dividend means that MGE Energy distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
1.52 USD
0.00 USD
Jan 1, 2022
1.59 USD
0.00 USD
Jan 1, 2023
1.67 USD
0.00 USD
Jan 1, 2024
1.76 USD
0.00 USD
Jan 1, 2025
1.85 USD
0.00 USD
Jan 1, 2026 (e)
0.95 USD
0.95 USD
Jan 1, 2027 (e)
0.00 USD
2.00 USD
Jan 1, 2028 (e)
0.00 USD
2.10 USD

MGE Energy dividend payout ratio

In 2025, MGE Energy had a payout ratio of 49.79%. The payout ratio indicates the percentage of the company's profits that MGE Energy distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
51.81 %
Jan 1, 2022
51.82 %
Jan 1, 2023
51.35 %
Jan 1, 2024
52.91 %
Jan 1, 2025
49.79 %
Jan 1, 2026 (e)
48.31 %
Jan 1, 2027 (e)
48.22 %
Jan 1, 2028 (e)
47.74 %

Current MGE Energy forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.29 %
Buy
0.00 % (0)
Hold
42.86 % (3)
Sell
57.14 % (4)
12M Price Target
79.82
Last Price
80.80
Currency
USD
12M Return Potential
-1.22 %
LTM Return
0 %

MGE Energy Analyst Rating Actions

DateFirmActionRatingReliability
6/8/2026
Ladenburg Thalmann
Ladenburg Thalmann
UpgradeNeutralBuy–
4/21/2026
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60
2/2/2026
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60
9/25/2025
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60
9/11/2025
Ladenburg Thalmann
Ladenburg Thalmann
UpgradeSellNeutral–
5/22/2025
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60
4/23/2025
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60
3/20/2025
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60
9/25/2024
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60
8/23/2024
Morgan Stanley
Morgan Stanley
MaintainedUnderweight60

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

MGE Energy Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/4/20260.78USD--USD-2026 Q2
5/5/20261.16USD--USD-2026 Q1
2/25/20260.65USD--USD-2025 Q4
5/2/20241.07USD--USD-2024 Q1
2/20/20240.59USD-255.19 MUSD-2023 Q4
8/2/20230.68USD--USD-2023 Q2
5/3/20231.09USD-198.28 MUSD-2023 Q1
2/21/20230.53USD-167.28 MUSD-2022 Q4
11/3/20221.03USD-141.26 MUSD-2022 Q3
8/4/20220.64USD-126.39 MUSD-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the MGE Energy stock

58/100
62
Environment
47
Social
64
Governance
E

Environment

20
Scope 1 - Direct Emissions1,637,171
Scope 2 - Indirect emissions from purchased energy6,690
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions1,643,861
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees26
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

MGE Energy shareholder structure

% Name
14.94169%
BLACKROCK, INC.
BLACKROCK, INC.
7.28818%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
5.25090%
STATE STREET CORP
STATE STREET CORP
4.49104%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
2.53358%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
1.87265%
DIMENSIONAL FUND ADVISORS LP
DIMENSIONAL FUND ADVISORS LP
...

MGE Energy Beneficial Ownership Filings (SEC 13D/G)

Free Float
97.1%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
15.40%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
10.76%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
7.60%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
7.34%
Vanguard Portfolio Management
Vanguard Portfolio Management
SEC ↗
5.79%
BlackRock for purposes of Schedule 13G filings.
BlackRock for purposes of Schedule 13G filings.
SEC ↗
5.70%
85-4328500
85-4328500
SEC ↗
5.40%
STATE STREET CORPORATION
STATE STREET CORPORATION
SEC ↗
5.29%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
5.20%
52-0556948
52-0556948
SEC ↗
4.95%
22-3367558
22-3367558
SEC ↗

MGE Energy Executives and Management Board

17 members · avg. age 59 · 35 % women

JK

Mr. Jeffrey Keebler (53)

Chairman of the Board, President, Chief Executive Officer · since 2017

2.13 M USD

Management

JB

Mr. Jared Bushek (44)

Chief Financial Officer, Vice President, Treasurer

1.02 M USD
CR

Ms. Cari Renlund (51)

Vice President, General Counsel, Secretary

913,444.00 USD
LH

Ms. Lynn Hobbie (66)

Executive Vice President - Marketing and Communications

781,236.00 USD
JL

Mr. James Lorenz (58)

Vice President - Energy Operations

713,592.00 USD
JL

Mr. Jenny Lagerwall (41)

Assistant Vice President Accounting and Controller (Chief Accounting Officer)

–
SS

Mr. Scott Smith (53)

Vice President - Business and Regulatory Strategy

–

Board of Directors

JP

Mr. James Possin (72)

Lead Independent Director

177,128.00 USD
MA

Ms. Marcia Anderson (67)

Independent Director

173,000.00 USD
JB

Mr. James Berbee (61)

Independent Director

164,500.00 USD
LD

Ms. Londa Dewey (64)

Independent Director

164,500.00 USD
GW

Mr. Gary Wolter (70)

Director · since 1995

155,500.00 USD
NW

Mr. Noble Wray (64)

Independent Director

154,000.00 USD

MGE Energy Supply Chain

MGE Energy Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
5 companies
#Nameβ 1YTrend
1
Alliant Energy
Supplier·Customer·Electric Utilities·US
-0.38
0.05
0.54
0.75
0.76
0.87
0.63
2
Berkshire Hathaway B
Supplier·US
0.36
-0.66
0.64
0.31
0.29
0.84
—
3
TC Energy
Supplier·Oil, Gas & Consumable Fuels·CA
-0.37
0.53
0.61
0.25
0.14
0.57
0.14
4
WEC Energy Group
Supplier·Customer·Multi-Utilities·US
-0.69
0.39
0.88
0.87
0.79
0.39
0.58
#Nameβ 1YTrend
1
Avangrid
Supplier·Electric Utilities·US
-0.59
0.33
0.67
0.54
0.19
0.25
—

Frequently asked questions about MGE Energy

The business model of MGE Energy Inc revolves around providing safe, reliable, and sustainable energy solutions to its customers. As a publicly-traded company based in Madison, Wisconsin, MGE Energy Inc primarily operates through its subsidiary, Madison Gas and Electric (MGE). MGE focuses on the generation, distribution, and sale of electricity and natural gas, serving residential, commercial, and industrial customers in its service territory. By investing in renewable energy sources, promoting energy efficiency, and maintaining a strong relationship with customers and stakeholders, MGE Energy Inc aims to meet the energy needs of the community while minimizing environmental impact.

MGE Energy Inc is primarily active in the utility industry.

The main competitors of MGE Energy Inc in the market include Alliant Energy Corporation and Xcel Energy Inc.

MGE Energy Inc, founded in 1855, has a rich history and background. Initially established as Madison Gas and Electric (MGE), it started as a gas company before expanding into electric utility services. As a holding company, MGE Energy Inc manages and oversees MGE's operations, engaging in the generation, distribution, and transmission of electricity and natural gas. MGE Energy Inc has continuously evolved to meet the changing needs of its customers and the industry. Through strategic investments and sustainable practices, the company has built a strong reputation for reliability, customer service, and environmental stewardship. MGE Energy Inc remains committed to providing safe, affordable, and sustainable energy solutions to its customers and communities it serves.

Some significant milestones achieved by MGE Energy Inc include the company's successful expansion into renewable energy sources such as wind and solar power. MGE Energy's commitment to environmental sustainability has led to partnerships with local organizations and the implementation of innovative energy efficiency programs. Furthermore, the company has consistently delivered reliable energy services to its customers, building a strong reputation for operational excellence. MGE Energy Inc has also maintained a steady financial performance, ensuring consistent dividends for its shareholders. Overall, the company's milestones showcase its dedication to sustainable growth and customer satisfaction.

MGE Energy Inc is primarily present in the United States, specifically in the state of Wisconsin. MGE Energy Inc is an American company focused on energy infrastructure and utility services. With its headquarters located in Madison, Wisconsin, MGE Energy Inc serves customers in various cities and communities across the state. As a leading provider of electric and natural gas services, MGE Energy Inc has established a strong presence in the local Wisconsin market, fulfilling the energy needs of residential, commercial, and industrial customers within its service area.

MGE Energy Inc is committed to upholding certain values and corporate philosophy. The company believes in providing safe, reliable, and sustainable energy solutions to its customers. MGE Energy Inc values innovation, environmental stewardship, and community engagement. With a focus on customer satisfaction, the company strives to deliver superior service and exceed expectations. MGE Energy Inc also embraces energy diversification and invests in renewable energy sources to reduce environmental impact. By promoting transparency, accountability, and ethical practices, MGE Energy Inc aims to build long-term relationships with stakeholders and create value for shareholders.

Analysts currently set an average price target of 79.82 USD for the MGE Energy stock (median: 79.82 USD), implying -1.2 % versus the latest price. The consensus is based on 7 analyst ratings.

MGE Energy Analyst Price Targets 2026

7 analysts currently rate the MGE Energy stock: 0 recommend buying, 3 holding and 4 selling. For 2026, analysts expect MGE Energy to generate revenue of 773.38 M USD and earnings per share of 3.93 USD.

MGE Energy Analyst Price Targets 2026

Converted at the current exchange rate, the MGE Energy share trades at 69.97 EUR (80.80 USD).

The MGE Energy share (MGEE) is listed on 2 stock exchanges, including: NASDAQ (MGEE), Frankfurt (MG1.F).

MGE Energy Inc is an American energy supply company based in Madison, Wisconsin. The company operates in the fields of energy generation, energy distribution, and energy procurement, offering a wide range of products and services to its customers. MGE Energy generates electricity in its own power plants and also sources electricity from other providers. The company operates several coal, gas, and hydroelectric power plants to ensure a stable and secure power supply. It distributes electricity through an extensive network of power lines and poles, maintaining the power supply in the Madison region and providing reliable electricity to its customers. MGE Energy also provides services such as energy consulting and analysis, helping customers evaluate their energy costs and efficiency and offering solutions to increase energy efficiency and reduce energy costs. Additionally, the company offers a variety of energy products, including solar-powered products, heating and cooling systems, and energy-efficient appliances and equipment. MGE Energy has initiated an electric vehicle promotion program and is working on establishing infrastructure for electric vehicle operation. The company is listed on the New York Stock Exchange and has a high dividend yield. With a strong financial foundation and stable business environment, MGE Energy is an attractive investment for shareholders. In 2020, the company's total revenue was nearly $560 million. Overall, MGE Energy provides a comprehensive business model aimed at meeting customers' needs while creating a sustainable energy future. The company focuses on efficient energy generation, offering products and services to reduce energy consumption, and building infrastructure for electric vehicle operation to create a sustainable energy future. With this business model, the company is likely to continue its success and meet the needs of its customers in the future.

The expected revenue of MGE Energy is 773.38 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of MGE Energy is 143.72 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of MGE Energy is currently 20.56. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the MGE Energy stock.

The price-to-sales ratio (P/S) of MGE Energy is currently 3.82. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the MGE Energy stock.

The Eulerpool Quality Score for MGE Energy is 4/10.

The ISIN of MGE Energy is US55277P1049. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of MGE Energy is 866072. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of MGE Energy is MGEE. The ticker symbol is used to trade MGE Energy shares on the stock exchange.

Over the past 12 months, MGE Energy paid a dividend of 1.85 USD . This corresponds to a dividend yield of about 2.29 %. For the coming 12 months, MGE Energy is expected to pay a dividend of 2.00 USD.

The current dividend yield of MGE Energy is 2.29 %.

MGE Energy pays a dividend, distributed in the months of , , , .

MGE Energy paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 2.00 USD are expected. This corresponds to a dividend yield of 2.47 %.

MGE Energy is assigned to the 'Utilities' sector.

To receive the latest dividend of MGE Energy from amounting to 0.48 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, MGE Energy distributed 1.76 USD as dividends.

The dividends of MGE Energy are distributed in USD.

All fundamentals and in-depth analysis of MGE Energy

Our stock analysis for MGE Energy stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MGE Energy. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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