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
Vol244.90K
As of25 Sep 2026

The Verdict

Hold

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/E17.21x
Forward P/E16.70x
EV / EBITDA12.36x
P / S (ttm)3.52x
Profit margin19.9%
Return on equity11.0%
Revenue growth+1.1%
Earnings growth+23.6%
Debt / equity64.86

Layer Breakdown

LayerRawContribution
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.

United States · www.mgeenergy.com

Risk Metrics

Beta vs SPX0.24
Corr SPX0.18
Annual vol21.7%
Annual ret-11.0%
Sharpe-0.50
Max DD-36.7%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-08-05Earnings Release, Reg FD Disclosure…read
2026-06-23Officer / Director Change, Exhibitsread
2026-05-22Shareholder Voteread
2026-05-08Reg FD Disclosure, Exhibitsread
2026-05-08Material Agreement, Other Material Event…read
2026-05-05Earnings Release, Exhibitsread
2026-04-21Officer / Director Change, Exhibitsread
2026-02-27Reg FD Disclosure, Exhibitsread
2026-02-24Other Material Event, Exhibitsread
2026-02-24Earnings Release, Exhibitsread
2026-01-29Termination of Agreement, Exhibitsread
2026-01-27Material Agreement, Material Obligation…read

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders8
Top-5 share96.8%
HHI5,381 (concentrated)

Top Holders

HolderValueShares
State Street Corp$167.14M2.05M
AQR Capital Management$24.49M300.29K
Citadel Advisors$16.32M200.13K
Millennium Management$8.55M104.89K
Capital Research / Capital World$8.18M100.35K
Renaissance Technologies$6.63M81.30K
Fidelity / FMR LLC$775.11K9.51K
T. Rowe Price Group$5.06K62.01K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-058-Kview
2026-08-0510-Qview
2026-06-238-Kview
2026-05-228-Kview
2026-05-088-Kview
2026-05-088-Kview
2026-05-07424B5view
2026-05-06424B5view
2026-05-0510-Qview
2026-05-058-Kview
2026-04-23DEFA14Aview
2026-04-214view
2026-04-218-Kview
2026-04-02ARSview
2026-04-02DEFA14Aview

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Operating income$146.38M+2.8%
Net income$117.70M+4.9%
Cash from ops$237.56M+8.6%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$68.25$70.09$68.01$70.06244.90K
Sep 24$70.86$70.86$68.29$68.49280.60K
Sep 23$72.70$72.70$70.71$70.86163.50K
Sep 22$73.01$73.87$72.30$72.70263.80K
Sep 21$73.98$74.11$72.66$72.86199.50K

Understand the score. Research layers are inputs to a model, and the available data has limits.

Read the methodology →