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MGE Energy/$MGEE

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About MGE Energy

MGE Energy provides electric service to 170,000 customers and natural gas service to 180,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings.
Ticker
$MGEE
Sector
Utilities
Primary listing
NASDAQ
Employees
726

MGE Energy Metrics

BasicAdvanced
$3B
18.28
$4.35
0.68
$1.93
2.56%

What the Analysts think about MGE Energy

Analyst ratings (Buy, Hold, Sell) for MGE Energy stock.
Analyst projections of the future price of MGE Energy stock.

Bulls say / Bears say

Third-quarter diluted earnings rose to $1.48 from $1.22 a year earlier, with the electric segment gaining from renewable projects and rate-base growth. That gives recent evidence that investment is translating into stronger earnings. (MGE Energy)
The regulator-approved 9.8% return on equity and scheduled rate increases provide a framework for earning on new investment; the approved electric increase reaches 3.63% in 2027. MGE’s renewable and grid projects can add to the rate base that supports those earnings. (SEC)
MGE raised its quarterly dividend by 7%, marking 51 consecutive years of increases. That long record and the latest increase support the shares’ appeal to investors seeking growing income. (MGE Energy)
Funding investment may put pressure on per-share growth: diluted average shares rose to 38.0 million in the third quarter from 36.6 million a year earlier, while long-term debt increased between year-end and June. Further issuance or borrowing could dilute shareholders or raise financing costs. (MGE Energy, SEC)
Some renewable-project cost estimates have exceeded previously approved regulatory levels, and MGE says it will seek recovery of the higher costs in future rate cases. If regulators do not allow full or timely recovery, project returns could suffer. (SEC)
The shares’ valuation may leave limited room for upside: MGE traded at about 18.7 times trailing earnings in late October, above peer levels, while the analyst consensus target implied only about 4% upside at the time. That makes the stock vulnerable if earnings growth disappoints or its premium narrows. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.

MGE Energy Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

MGE Energy Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing MGE Energy

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