MGEEUtilities · Utilities - Regulated ElectricThe 5 Wall Street analysts covering MGE Energy, Inc. hold a median 12-month price target of $77 — +8.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 35 of 100 as at 14 Oct 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.
Consensus tells you what everyone already believes. The model scores MGE Energy, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Quality (86): The business earns solid, repeatable profits on what it owns.
Issuance (26): The company has been issuing shares or taking on financing, diluting existing holders.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on MGEE, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +8.0% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 24 Sept 2026 | B of A Securities | Initiates | Neutral | $76 |
| 18 Sept 2026 | Morgan Stanley | Maintains | Underweight | $74 → $71 |
| 21 Aug 2026 | Morgan Stanley | Maintains | Underweight | — |
| 21 Aug 2026 | Morgan Stanley | Maintains | Underweight | $76 → $74 |
| 8 June 2026 | Ladenburg Thalmann | Upgrade | Buy | $81 |
| 8 June 2026 | Ladenburg Thalmann | Upgrade | Buy | — |
| 21 Apr 2026 | Morgan Stanley | Maintains | Underweight | — |
| 2 Feb 2026 | Morgan Stanley | Maintains | Underweight | — |
| 25 Sept 2025 | Morgan Stanley | Maintains | Underweight | — |
| 11 Sept 2025 | Ladenburg Thalmann | Upgrade | Neutral | — |
| 22 May 2025 | Morgan Stanley | Maintains | Underweight | — |
| 23 Apr 2025 | Morgan Stanley | Maintains | Underweight | — |
| 20 Mar 2025 | Morgan Stanley | Maintains | Underweight | — |
| 25 Sept 2024 | Morgan Stanley | Maintains | Underweight | — |
| 23 Aug 2024 | Morgan Stanley | Maintains | Underweight | — |
| 24 June 2024 | Morgan Stanley | Maintains | Underweight | — |
| 28 May 2024 | Morgan Stanley | Maintains | Underweight | — |
| 21 Nov 2023 | Morgan Stanley | Maintains | Underweight | — |
| 25 Oct 2023 | Morgan Stanley | Maintains | Underweight | — |
| 21 Sept 2023 | Morgan Stanley | Maintains | Underweight | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. MGEE appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 14 Oct 2026, MGE Energy, Inc. returned −13.5% against +17.5% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 41% of US stocks
Cheaper than 33% of US stocks
Cheaper than 46% of US stocks
Cheaper than 29% of US stocks
Higher than 30% of US stocks
Higher than 63% of US stocks
Higher than 52% of US stocks
Higher than 82% of US stocks
Higher than 82% of US stocks
Higher than 66% of US stocks
Higher than 70% of US stocks
Higher than 85% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
MGE Energy, Inc. has a market value of $2.7B and an enterprise value of $3.6B.
Revenue in the twelve months to 30 June 2026: $769.1M. The latest quarter grew 1.1% year on year.
Net income over the same four quarters: $149.6M, a 19.5% net margin.
Diluted earnings per share, trailing twelve months: $4.07.
Free cash flow in the twelve months to 30 June 2026: −$164.3M, after $442.4M of capital spending.
MGE Energy, Inc. spent $70.0M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 17.5×; forward P/E: 17.0× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 2.86%, paying out 47% of earnings.
MGE Energy, Inc. employs 726 people — $1.1M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own MGE Energy, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
MGEE announced a modest September dividend increase, alongside increases from CMI, DUK, and UNP. The source describes MGEE as a reliable dividend payer but says it does not meet the author’s buy criteria at current yield and valuation.
Why it matters — MGEE watchers may note the dividend increase as evidence of income growth, while the source characterizes it as modest.
Zacks Investment Research highlights MGE (MGEE) as a potentially strong dividend stock, noting that the company could be a great choice for shareholders seeking reliable dividend income.
Why it matters — The piece draws positive attention to MGEE's dividend appeal, which could be relevant for income-focused investors tracking the utility.
MGE Energy increased its dividend by 7% last month, extending its dividend growth streak to 51 consecutive years. The company's service territory is projected to have the fastest population growth in Wisconsin through 2050, and it holds the best-in-class S&P credit rating among U.S. regulated utilities.
Why it matters — A watcher would care because the continued dividend growth, strong credit rating, and expected population growth in its service territory signal favorable fundamentals for the regulated utility.
A Seeking Alpha article ranks Dividend Kings—companies with 50+ years of increasing dividends—using the author's 9F Quality Scores, identifying ADP as the top total-return candidate. MGE Energy is not specifically discussed in the piece.
Why it matters — MGEE watchers may find the ranking methodology relevant since the article frames its quality assessment framework in the context of other dividend-paying companies, though it offers no direct commentary on MGE Energy.
The Federal Reserve raised interest rates and signaled another increase. Zacks Investment Research highlighted MGEE, along with ADM, DOLE, and DGX, as low-beta defensive picks in this environment.
Why it matters — MGEE watchers would care because the company is being spotlighted as a defensive, low-beta option amid rising interest rates.
The 5 Wall Street analysts covering MGE Energy, Inc. have a median 12-month price target of $77, with estimates ranging from $71 to $81. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 5 analysts covering MGE Energy, Inc., 2 rate it a Buy, 2 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks MGE Energy, Inc. 35 out of 100 across roughly 4,600 US stocks as at 14 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 14 Oct 2026, MGE Energy, Inc. ranks 35 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (86 of 100).
No one can know that. What the data says: the median 12-month target from 5 analysts implies +8.0% from the last close, and Ticker Nerd's factor model ranks MGE Energy, Inc. 35 out of 100 as at 14 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering MGE Energy, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for MGEE are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $71 to $81 over the next 12 months.
MGE Energy, Inc. returned -13.5% over the 12 months to 14 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
MGE Energy Inc. is an investor-owned public utility holding company headquartered in Madison, Wisconsin.
The most recent item we track (Seeking Alpha, 6 Oct 2026): "10% Raise From Cummins And 3 Other September Raises". MGEE announced a modest September dividend increase, alongside increases from CMI, DUK, and UNP. The source describes MGEE as a reliable dividend payer but says it does not meet the author’s buy criteria at current yield and valuation.
MGE Energy Inc. is an investor-owned public utility holding company headquartered in Madison, Wisconsin. Through its principal subsidiary, Madison Gas and Electric, it provides regulated electric and natural gas service to residential, commercial, and industrial customers in south-central and western Wisconsin. The company’s operations center on generating, purchasing, and distributing electricity, along with purchasing and distributing natural gas through its utility network. MGE Energy also participates in nonregulated energy operations, including ownership and leasing of electric generating capacity, and holds transmission investments that support regional power delivery. In addition, the company offers energy-related services such as efficiency programs and utility support solutions for customers and communities. As a utility-focused business, MGE Energy plays a central role in providing essential energy infrastructure and services within its service territory.
CEO Mr. Jeffrey M. Keebler · 726 employees · United States · https://www.mgeenergy.com
