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MGEEMGEEUtilities · Utilities - Regulated Electric

MGEE Stock Forecast: MGE Energy, Inc. Price Predictions for 2026-2027

Last close, 9 Sept 2026
$77
−1.32% on the day

The 4 Wall Street analysts covering MGE Energy, Inc. hold a median 12-month price target of $78 — +1.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 37 of 100 as at 8 Sept 2026 — in the lower half.

Market cap
$2.9B
Ticker Nerd rank
37 / 100
Median analyst target
$78
Analysts covering
4
Revenue$161.2M+1.1% y/y
Operating income$32.6M
Net income$33.4M
Free cash flow−$41.6M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−0.9%
1M
−5.2%
YTD
−0.3%
1Y
−5.7%
From 52W high
−9.6%
From 52W low
+7.3%
$72
$85
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

MGEE stock analysis: one number for the whole business

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.

Where the model ranks itAs at 8 Sept 2026
37 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Quality
87
Revisions
64
Volatility
51
Momentum
43
Growth
42
Accruals
35
Value
34
Size
31
Issuance
26

Quality (87): 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.

Wall Street

MGEE stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on MGEE, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$72$74$76$78$80$82$84Oct 25Jan 26Apr 26Jul 26MGEEHigh $81Median $78Low $74

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

What Wall Street says4 analysts
1 Buy2 Hold1 Sell
Low $74Median $78High $81

The green dot is the last close — the median target sits +1.6% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
21 Aug 2026Morgan StanleyMaintainsUnderweight$76 → $74
8 June 2026Ladenburg ThalmannUpgradeBuy$81
8 June 2026Ladenburg ThalmannUpgradeBuy—
21 Apr 2026Morgan StanleyMaintainsUnderweight—
2 Feb 2026Morgan StanleyMaintainsUnderweight—
25 Sept 2025Morgan StanleyMaintainsUnderweight—
11 Sept 2025Ladenburg ThalmannUpgradeNeutral—
22 May 2025Morgan StanleyMaintainsUnderweight—
23 Apr 2025Morgan StanleyMaintainsUnderweight—
20 Mar 2025Morgan StanleyMaintainsUnderweight—
25 Sept 2024Morgan StanleyMaintainsUnderweight—
23 Aug 2024Morgan StanleyMaintainsUnderweight—
24 June 2024Morgan StanleyMaintainsUnderweight—
28 May 2024Morgan StanleyMaintainsUnderweight—
21 Nov 2023Morgan StanleyMaintainsUnderweight—
25 Oct 2023Morgan StanleyMaintainsUnderweight—
21 Sept 2023Morgan StanleyMaintainsUnderweight—
23 Aug 2023Morgan StanleyMaintainsUnderweight—
21 July 2023Morgan StanleyMaintainsUnderweight—
23 June 2023Morgan StanleyMaintainsUnderweight—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

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.

Free, every Monday. Unsubscribe any time.

Performance

MGEE vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 9 Sept 2026, MGE Energy, Inc. returned −5.7% against +18.5% for the S&P 500, dividends included.

MGEE vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120Oct 25Jan 26Apr 26Jul 26MGEES&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

MGEE analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+1.4%
Analysts raising
1
Analysts cutting
1
Fundamentals

MGE Energy, Inc. (MGEE) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
19.2×

Cheaper than 39% of US stocks

Price / sales
3.9×

Cheaper than 32% of US stocks

Price / book
2.0×

Cheaper than 46% of US stocks

EV / EBITDA
13.3×

Cheaper than 27% of US stocks

Growth & margins
Revenue growth (YoY)
1.1%

Higher than 30% of US stocks

Earnings growth (YoY)
25.9%

Higher than 63% of US stocks

Gross margin
42.2%

Higher than 53% of US stocks

Operating margin
22.7%

Higher than 82% of US stocks

Net margin
19.9%

Higher than 82% of US stocks

Returns & dividend
Return on equity
11.0%

Higher than 66% of US stocks

Return on assets
3.7%

Higher than 69% of US stocks

Dividend yield
2.6%

Higher than 57% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

MGE Energy, Inc. (MGEE) statistics: revenue, profit & scale

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 $2.9B and an enterprise value of $3.8B.

  • 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.

  • Shares outstanding: 37.8M.

  • Trailing P/E: 19.2×; forward P/E: 18.4× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 2.61%, paying out 47% of earnings.

  • MGE Energy, Inc. employs 726 people — $1.1M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 10 Sept 2026

Data provided by Twelve Data

Peers

MGEE vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelUtilities - Regulated Electric
CompanyMarket capTKN rank
MGEEMGE Energy, Inc.$2.9B
37
HEHawaiian Electric Industries, Inc.$1.9B
24
NWENorthWestern Energy Group, Inc.$4.4B
55
PORPortland General Electric Co.$5.7B
60
TXNMTXNM Energy, Inc.$6.4B
39
IDAIDACORP, Inc.$7.6B
26
OGEOGE Energy Corp.$9.7B
59

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 →

News

Latest MGEE news & analysis

3 Stocks to Grab that Declared Dividend Hikes Amid Market Volatility

Zacks Investment Research · 8 Sept 2026positive

Zacks Investment Research highlighted MGE Energy (MGEE) among dividend stocks that declared dividend hikes amid market volatility, inflation, and rate-hike concerns. The article grouped MGEE with FMNB and NSSC as companies offering dividends during uncertain market conditions.

Why it matters — MGE Energy watchers would care because the company's dividend increase is being recognized as a positive attribute for investors seeking income stability during volatile market conditions.

3 Wind Energy Stocks Worth Adding to Your Portfolio Right Now

Zacks Investment Research · 3 Sept 2026positive

Zacks Investment Research highlighted MGE Energy, along with Pinnacle West Capital and Vestas Wind Systems, as a wind energy stock worth adding to a portfolio. The company was cited for offering exposure to expanding wind capacity and clean-energy investment.

Why it matters — The mention positions MGE Energy as a notable player in the wind-energy and clean-power investment space, which could draw attention from investors focused on renewable-energy growth.

Why MGE (MGEE) is a Great Dividend Stock Right Now

Zacks Investment Research · 31 Aug 2026positive

Zacks Investment Research highlights MGE (MGEE) as a strong dividend stock candidate, noting that dividends are among the key benefits of shareholding. The article examines whether MGE fits the profile of a great dividend stock.

Why it matters — A favorable dividend-stock assessment from a major research firm could draw investor attention to MGEE's dividend reliability and yield prospects.

Dividend Announcements: August 22-28, 2026

Seeking Alpha · 31 Aug 2026neutral

A weekly dividend announcement roundup covering August 22-28, 2026, notes that nine stocks announced dividend increases, spotlighting INTU's 15% hike and LRCX's 26.92% increase. The article focuses on dividend increases among other companies and does not specifically mention MGE Energy.

Why it matters — Dividend-focused investors tracking MGEE may find context on broader dividend-increase trends in the utility sector relevant, though the article does not address MGEE directly.

5 Dividend-Growth Stocks Set to Reward Investors With Dividend Hikes

Zacks Investment Research · 28 Aug 2026positive

Zacks Investment Research highlighted five dividend-growth stocks, including MGE Energy and Nordson, that recently declared payouts as investors seek income amid market uncertainty.

Why it matters — The item positions MGE Energy among dividend-growth stocks that have declared payouts, which is relevant to investors focused on its income potential.

FAQ

Frequently asked questions about MGEE stock

What is the MGEE stock price forecast for 2026-2027?

The 4 Wall Street analysts covering MGE Energy, Inc. have a median 12-month price target of $78, with estimates ranging from $74 to $81. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is MGEE stock a buy right now?

Of the 4 analysts covering MGE Energy, Inc., 1 rate it a Buy, 2 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks MGE Energy, Inc. 37 out of 100 across roughly 4,600 US stocks as at 8 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank MGEE?

As at 8 Sept 2026, MGE Energy, Inc. ranks 37 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 (87 of 100).

Will MGEE stock go up?

No one can know that. What the data says: the median 12-month target from 4 analysts implies +1.6% from the last close, and Ticker Nerd's factor model ranks MGE Energy, Inc. 37 out of 100 as at 8 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the MGEE stock forecast for 2030?

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: $74 to $81 over the next 12 months.

How has MGEE stock performed over the past year?

MGE Energy, Inc. returned -5.7% over the 12 months to 9 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does MGE Energy, Inc. do?

MGE Energy Inc. is an investor-owned public utility holding company headquartered in Madison, Wisconsin.

What is the latest news on MGEE?

The most recent item we track (Zacks Investment Research, 8 Sept 2026): "3 Stocks to Grab that Declared Dividend Hikes Amid Market Volatility". Zacks Investment Research highlighted MGE Energy (MGEE) among dividend stocks that declared dividend hikes amid market volatility, inflation, and rate-hike concerns. The article grouped MGEE with FMNB and NSSC as companies offering dividends during uncertain market conditions.

Company

About MGE Energy, Inc.

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