NVDA+2.54%AAPL+1.32%GOOGL−1.62%MSFT+0.20%AMZN−0.10%TSM+1.60%SPCX+7.79%META+0.47%
StockVS

NASDAQ · Utilities - Regulated Electric · USD

MGE Energy, Inc. (MGEE) Stock Analysis

MGE Energy, Inc. (MGEE) is a Utilities - Regulated Electric stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

MGEE

$72.01

−$0.19 (−0.26%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare MGEE with… →

MGEE Key Statistics

As of Oct 21, 2026
Trading
Open
$72.36
Previous Close
$72.20
Day's Range
71.94–72.75
52-Week Range
68.01–87.94
Volume
117.14K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.69
Valuation
Market Cap
$2.72B
P/E Ratio
17.69
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
17.14
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
4.12
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.61
EPS (ttm)Profit attributable to each share over the last twelve months.
4.07
Financials (FY)
Revenue (FY)
$743.65M+9.85%
Net Income (FY)
$135.89M+12.71%
Profit marginThe share of revenue left as profit after all costs and taxes.
19.90%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
37.75M
1-Year Return
−14.46%
Dividend and dates
Dividend
$2.03+2.82%
Ex-Dividend Date
December 1, 2026
Earnings Date
November 4, 2026estimated
Avg Volume
176.79K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MGEE closed at $72.01, −14.46% over 1 year.

MGE Energy, Inc. (MGEE) has a market capitalization of $2.72B.

In fiscal 2025, MGEE reported revenue of $743.65M.

MGEE Stock Return by Calendar Year

MGE Energy, Inc. (MGEE) 10-year return: what $10,000 became

1 year
$10,000 $8,554
−14.46%
5 years
$10,000 $10,551
+5.51%
10 years
$10,000 $15,982
+59.82%

If you had invested $10,000 in MGE Energy, Inc. (MGEE) 10 years ago, at the close on October 21, 2016, it would have been worth $15,982 at the close on October 21, 2026: +59.82% in total, +4.80% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−7.06%
2025−14.75%
2024+32.80%
2023+5.11%
2022−12.57%
2021+19.90%
2020−9.29%
2019+34.04%
2018−2.89%
2017−1.47%
2016 (partial year)+18.19%

As of October 21, 2026.

MGEE Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$743.65M$135.89M18.3%
2024$676.94M$120.57M17.8%
2023$690.43M$117.70M17.0%
2022$714.52M$110.95M15.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$743.65M$308.90M$170.65M$135.89M18.3%
2024$676.94M$278.83M$146.26M$120.57M17.8%
2023$690.43M$269.04M$146.39M$117.70M17.0%
2022$714.52M$243.92M$137.74M$110.95M15.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MGEE Dividend History

$1.85+5.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.463—
2025$1.854+5.4%
2024$1.764+5.0%
2023$1.674+5.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.463—
2025$1.854+5.4%
2024$1.764+5.0%
2023$1.674+5.0%
2022$1.594+5.0%
2021$1.524+4.8%
2020$1.454+4.6%
2019$1.384+4.5%
2018$1.324+4.8%
2017$1.264+309.7%
2016$0.311—

Most recent payment: $0.49 per share, ex-dividend September 1, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MGEE Valuation vs Utilities - Regulated Electric Median

Median of 42 stocks
MetricMGEEUtilities - Regulated Electric medianvs median
P/E17.6919.9411% below
P/S ratio3.612.7731% above
Profit margin19.90%13.40%6.5 pts above

Medians across 42 Utilities - Regulated Electric stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 13 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

MGE Energy, Inc. (MGEE) carries a market capitalisation of $2.72B. The company sits in the Utilities sector, in the Utilities - Regulated Electric industry. Headcount on file is 726.

MGEE last closed at $72.01 on October 21, 2026. That is −$0.19 (−0.26%) against the previous close. Over the past 52 weeks the price has ranged from $68.01 to $87.94. The latest close sits 5.88% above that 52-week low.

Financial Health

In fiscal 2025, MGE Energy, Inc. reported revenue of $743.65M. That is +9.85% against the prior fiscal year, when revenue was $676.94M. The same year closed with net income of $135.89M. That is +12.71% against the prior fiscal year. The reported profit margin is 19.9%. That is 6.5 percentage points above the Utilities - Regulated Electric median of 13.4%. Trailing earnings per share are 4.07.

Across the 4 fiscal years on file, revenue moves from $714.52M in 2022 to $743.65M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 17.69 times earnings. That is 11.28% below the Utilities - Regulated Electric median of 19.94. On forward earnings the ratio is 17.14. The PEG ratio, which sets the P/E against expected earnings growth, reads 4.12. Measured against sales, the shares trade at 3.61 times revenue. On price-to-sales that is 30.51% above the Utilities - Regulated Electric median of 2.77. The medians here are taken across 42 Utilities - Regulated Electric companies that report the metric.

The reported beta is 0.69. Daily returns over the trailing 10 years annualize to a volatility of 27.43%. The trailing one-year total return is −14.46%. Measured over 10 years, that is +4.80% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 2.82% on the latest price. That is 0.6 percentage points below the Utilities - Regulated Electric median yield of 3.43%. The indicated annual rate is $2.03 a share. The ex-dividend date on file is December 1, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.46 a share. The year before, 2025, totalled $1.85 a share.

The strongest complete calendar year on file is 2019 at +34.04%; the weakest is 2025 at −14.75%. Of the 9 complete calendar years on file, 4 finished higher. 2026 is still running; the total return is −7.06% year to date.

Peer Comparison

MGE Energy, Inc. (MGEE) operates in the Utilities - Regulated Electric industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
MGE Energy, Inc. MGEE $2.72B 17.7
NextEra Energy, Inc. NEE $163.29B 17.6
The Southern Company SO $103.98B 21.8
Duke Energy Corporation DUK $94.09B 18.2

The Utilities - Regulated Electric industry average P/E ratio is 19.9x. MGE Energy, Inc. trades at a P/E of 17.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Utilities - Regulated Electric Stocks

NEE

NextEra Energy, Inc.

$163.29B

 SO

The Southern Company

$103.98B

 DUK

Duke Energy Corporation

$94.09B

 NGG

National Grid plc

$81.21B

 AEP

American Electric Power Company, Inc.

$69.35B

 D

Dominion Energy, Inc.

$54.82B
View all Utilities - Regulated Electric stocks →

Popular Utilities Stocks

CEG

Constellation Energy Corporation

$96.15B

 SRE

Sempra

$54.60B

 VST

Vistra Corp.

$52.41B

 ETR

Entergy Corporation

$50.68B

 XEL

Xcel Energy Inc. Common Stock

$47.96B
View all Utilities stocks →

About MGE Energy, Inc.

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.

Visit website →