Inside the research
MGE Energy, Inc.
MGEE Research profile · latest available data
Price overview
$70.06
▲ +1.57 (+2.3%)
| 52w hi | $84.95 |
|---|---|
| 52w lo | $68.49 |
| Vol | 244.90K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.23
| Short | +0.06 |
|---|---|
| Medium | -0.50 |
| Long | -0.29 |
computed 2026-09-27
Key fundamentals
MGE Energy, Inc.
Utilities · Utilities - Regulated Electric
| Market cap | $2.64B |
|---|---|
| Enterprise value | $3.56B |
| Trailing P/E | 17.21x |
| Forward P/E | 16.70x |
| EV / EBITDA | 12.36x |
| P / S (ttm) | 3.52x |
| Profit margin | 19.9% |
| Return on equity | 11.0% |
| Revenue growth | +1.1% |
| Earnings growth | +23.6% |
| Debt / equity | 64.86 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.27 | |
| Sector | -0.10 | |
| Technical | -0.30 | |
| Earnings | +0.00 | |
| Sentiment | +0.39 |
macro × 1.00 · 2026-09-27
Business overview
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources and provides solar and wind generation, and battery storage services. As of December 31, 2025, the company owned and operated 811 miles of overhead electric distribution lines; 1,386 miles of underground electric distribution cables; 47 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,117 miles of distribution mains, as well as supplied electric service to approximately 170,000 customers. MGE Energy, Inc. has a strategic partnership with Realta Fusion Inc. and Madison Gas and Electric Company. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.
Risk Metrics
| Beta vs SPX | 0.24 |
|---|---|
| Corr SPX | 0.18 |
| Annual vol | 21.7% |
| Annual ret | -11.0% |
| Sharpe | -0.50 |
| Max DD | -36.7% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Reg FD Disclosure… | read |
| 2026-06-23 | Officer / Director Change, Exhibits | read |
| 2026-05-22 | Shareholder Vote | read |
| 2026-05-08 | Reg FD Disclosure, Exhibits | read |
| 2026-05-08 | Material Agreement, Other Material Event… | read |
| 2026-05-05 | Earnings Release, Exhibits | read |
| 2026-04-21 | Officer / Director Change, Exhibits | read |
| 2026-02-27 | Reg FD Disclosure, Exhibits | read |
| 2026-02-24 | Other Material Event, Exhibits | read |
| 2026-02-24 | Earnings Release, Exhibits | read |
| 2026-01-29 | Termination of Agreement, Exhibits | read |
| 2026-01-27 | Material Agreement, Material Obligation… | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 96.8% |
| HHI | 5,381 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $167.14M | 2.05M |
| AQR Capital Management | $24.49M | 300.29K |
| Citadel Advisors | $16.32M | 200.13K |
| Millennium Management | $8.55M | 104.89K |
| Capital Research / Capital World | $8.18M | 100.35K |
| Renaissance Technologies | $6.63M | 81.30K |
| Fidelity / FMR LLC | $775.11K | 9.51K |
| T. Rowe Price Group | $5.06K | 62.01K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Operating income | $146.38M | +2.8% | |
| Net income | $117.70M | +4.9% | |
| Cash from ops | $237.56M | +8.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $68.25 | $70.09 | $68.01 | $70.06 | 244.90K |
| Sep 24 | $70.86 | $70.86 | $68.29 | $68.49 | 280.60K |
| Sep 23 | $72.70 | $72.70 | $70.71 | $70.86 | 163.50K |
| Sep 22 | $73.01 | $73.87 | $72.30 | $72.70 | 263.80K |
| Sep 21 | $73.98 | $74.11 | $72.66 | $72.86 | 199.50K |
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