MGE Energy (MGEE) Stock Price

MGE Energy Price

🇺🇸NASDAQ·CLOSED
78.19USD
Market closed
Today +/-
Today %

MGE Energy (MGEE) Stock | ISIN US55277P1049 | WKN 866072. The current MGE Energy stock price is 78.19 USD (2026). Revenue is 755.87 M USD. Net income is 145.62 M USD. The P/E ratio is 19.46. Market capitalization is 2.86 B USD. MGE Energy operates in the Utilities sector.

MGE Energy stock price

Ex-Dividend
Details

Stock Price

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
Access this data via the Eulerpool API

MGE Energy Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
513.4 M USD
60.5 M USD
32.1 M USD
Jan 1, 2006
507.5 M USD
79 M USD
42.4 M USD
Jan 1, 2007
537.6 M USD
83.7 M USD
48.8 M USD
Jan 1, 2008
596 M USD
87.8 M USD
52.8 M USD
Jan 1, 2009
533.8 M USD
84.7 M USD
51 M USD
Jan 1, 2010
532.6 M USD
96.6 M USD
57.7 M USD
Jan 1, 2011
546.4 M USD
107.9 M USD
60.9 M USD
Jan 1, 2012
541.3 M USD
112.8 M USD
64.4 M USD
Jan 1, 2013
590.9 M USD
128 M USD
74.9 M USD
Jan 1, 2014
619.9 M USD
138.1 M USD
80.3 M USD
Jan 1, 2015
564 M USD
124.3 M USD
71.3 M USD
Jan 1, 2016
544.7 M USD
123.9 M USD
75.6 M USD
Jan 1, 2017
563.1 M USD
124.6 M USD
97.6 M USD
Jan 1, 2018
559.8 M USD
114.2 M USD
84.2 M USD
Jan 1, 2019
568.9 M USD
110.9 M USD
86.9 M USD

MGE Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 15, 2026, 4:31 AM
 
REVENUE (M USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
2022202320242025e2026e2027e2028e2029e
714690676729755776812849
17.82-3.36-2.037.843.572.784.644.56
72.1378.5582.9976.9574.372.2969.0966.08
515542561561561561561561
111117120137145153162172
5.715.412.5614.175.845.525.886.17
1.591.671.761.850.482.2--
5.35.034.795.71-74.59368.09
36.236.1936.2436.2436.2436.2436.2436.24
Details

Income Statement Key Figures

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, 2005
55.63 %
11.78 %
6.25 %
Jan 1, 2006
59.31 %
15.57 %
8.35 %
Jan 1, 2007
59.38 %
15.57 %
9.08 %
Jan 1, 2008
58.69 %
14.73 %
8.86 %
Jan 1, 2009
61 %
15.87 %
9.55 %
Jan 1, 2010
67.14 %
18.14 %
10.83 %
Jan 1, 2011
70.06 %
19.75 %
11.15 %
Jan 1, 2012
71.92 %
20.84 %
11.9 %
Jan 1, 2013
68.17 %
21.66 %
12.68 %
Jan 1, 2014
65.01 %
22.28 %
12.95 %
Jan 1, 2015
72.11 %
22.04 %
12.64 %
Jan 1, 2016
77.4 %
22.75 %
13.88 %
Jan 1, 2017
75.97 %
22.13 %
17.33 %
Jan 1, 2018
75.74 %
20.4 %
15.04 %
Jan 1, 2019
78.7 %
19.49 %
15.28 %

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.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
16.72 USD
1.97 USD
1.05 USD
Jan 1, 2006
16.48 USD
2.56 USD
1.38 USD
Jan 1, 2007
16.64 USD
2.59 USD
1.51 USD
Jan 1, 2008
17.9 USD
2.64 USD
1.59 USD
Jan 1, 2009
15.43 USD
2.45 USD
1.47 USD
Jan 1, 2010
15.35 USD
2.78 USD
1.66 USD
Jan 1, 2011
15.75 USD
3.11 USD
1.76 USD
Jan 1, 2012
15.6 USD
3.25 USD
1.86 USD
Jan 1, 2013
17.03 USD
3.69 USD
2.16 USD
Jan 1, 2014
17.86 USD
3.98 USD
2.31 USD
Jan 1, 2015
16.25 USD
3.58 USD
2.05 USD
Jan 1, 2016
15.7 USD
3.57 USD
2.18 USD
Jan 1, 2017
16.23 USD
3.59 USD
2.81 USD
Jan 1, 2018
16.13 USD
3.29 USD
2.43 USD
Jan 1, 2019
16.39 USD
3.2 USD
2.5 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 Eulerpool Fair Value

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 was MGE Energy in 2025 — This indicates how many shares 36.239 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
30.7 M base_Shares
Jan 1, 2006
30.8 M base_Shares
Jan 1, 2007
32.3 M base_Shares
Jan 1, 2008
33.3 M base_Shares
Jan 1, 2009
34.6 M base_Shares
Jan 1, 2010
34.7 M base_Shares
Jan 1, 2011
34.7 M base_Shares
Jan 1, 2012
34.7 M base_Shares
Jan 1, 2013
34.7 M base_Shares
Jan 1, 2014
34.7 M base_Shares
Jan 1, 2015
34.7 M base_Shares
Jan 1, 2016
34.7 M base_Shares
Jan 1, 2017
34.7 M base_Shares
Jan 1, 2018
34.7 M base_Shares
Jan 1, 2019
34.7 M base_Shares

MGE Energy Dividend History

37 years of dividend payments · 10 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.48USDYTD
Feb 27, 20260.48USD 0.0%1/1
20251.85USD 5.4%
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%
20231.67USD 5.0%
20221.59USD 5.0%
20211.52USD 4.8%
20201.44USD 4.7%
20191.38USD 4.5%
20181.32USD 4.8%
20171.26USD 4.6%

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.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2005
1.37 USD
0 USD
Jan 1, 2006
1.39 USD
0 USD
Jan 1, 2007
1.41 USD
0 USD
Jan 1, 2008
1.43 USD
0 USD
Jan 1, 2009
1.46 USD
0 USD
Jan 1, 2010
1.49 USD
0 USD
Jan 1, 2011
1.52 USD
0 USD
Jan 1, 2012
1.56 USD
0 USD
Jan 1, 2013
2.42 USD
0 USD
Jan 1, 2014
1.67 USD
0 USD
Jan 1, 2015
1.15 USD
0 USD
Jan 1, 2016
1.21 USD
0 USD
Jan 1, 2017
1.26 USD
0 USD
Jan 1, 2018
1.32 USD
0 USD
Jan 1, 2019
1.38 USD
0 USD

MGE Energy dividend payout ratio

In 2025, MGE Energy had a payout ratio of 52.38%. The payout ratio indicates the percentage of the company's profits that MGE Energy distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
87.2 %
Jan 1, 2006
66.99 %
Jan 1, 2007
62.11 %
Jan 1, 2008
60.48 %
Jan 1, 2009
66.22 %
Jan 1, 2010
59.72 %
Jan 1, 2011
57.41 %
Jan 1, 2012
55.75 %
Jan 1, 2013
87.29 %
Jan 1, 2014
72.13 %
Jan 1, 2015
56.07 %
Jan 1, 2016
55.28 %
Jan 1, 2017
44.84 %
Jan 1, 2018
54.32 %
Jan 1, 2019
54.98 %
Price targets and forecasts for MGE Energy are not yet available.

MGE Energy Earnings Estimates

MGE Energy Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/5/20261.16USD-USD2026 Q1
4/30/20261.16USD-USD2026 Q1
2/25/20260.65USD-USD2025 Q4
5/2/20241.07USD-USD2024 Q1
2/20/20240.59USD255.19 MUSD2023 Q4
8/2/20230.68USD-USD2023 Q2
5/3/20231.09USD198.28 MUSD2023 Q1
2/21/20230.53USD167.28 MUSD2022 Q4
11/3/20221.03USD141.26 MUSD2022 Q3
8/4/20220.64USD126.39 MUSD2022 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
14.39647%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
12.46822%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
5.32667%
State Street Investment Management (US)
State Street Investment Management (US)
2.49791%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
2.08466%
Victory Capital Management Inc.
Victory Capital Management Inc.
1.97958%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
1.36823%
First Trust Advisors L.P.
First Trust Advisors L.P.
1.16786%
Charles Schwab Investment Management, Inc.
Charles Schwab Investment Management, Inc.
0.91178%
Northern Trust Investments, Inc.
Northern Trust Investments, Inc.
0.86568%
T. Rowe Price Investment Management, Inc.
T. Rowe Price Investment Management, Inc.
...

MGE Energy Executives and Management Board

JK

Mr. Jeffrey Keebler

(53)

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

Compensation2.13 M USD
JB

Mr. Jared Bushek

(44)

Chief Financial Officer, Vice President, Treasurer

Compensation1.02 M USD
CR

Ms. Cari Renlund

(51)

Vice President, General Counsel, Secretary

Compensation913,444 USD
LH

Ms. Lynn Hobbie

(66)

Executive Vice President - Marketing and Communications

Compensation781,236 USD
JL

Mr. James Lorenz

(58)

Vice President - Energy Operations

Compensation713,592 USD

MGE Energy Supply Chain

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.

All fundamentals and in-depth analysis of MGE Energy

Our stock analysis for MGE Energy Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.