MGEE Stock Analysis: MGE Energy | NASDAQ
Utilities - Regulated Electric | NASDAQ, USA | Market Cap: 2.655m USD | 12M Return: -13.8% | US55277P1049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.6M
EPS Trend: 93.0%
Qual. Beats: 0
Rev. Trend: 77.1%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MGE Energy, Inc. is a U.S. public utility holding company headquartered in Madison, Wisconsin, operating through five segments: Regulated Electric Utility Operations, Regulated Gas Utility Operations, Nonregulated Energy Operations, Transmission Investments, and All Other. The company generates, purchases, and distributes electricity and natural gas, owns and leases generating capacity, and develops transmission infrastructure. Its generation portfolio includes coal-fired, gas-fired, and renewable sources, with offerings in solar, wind, and battery storage. As of December 31, 2025, MGEE operated 811 miles of overhead and 1,386 miles of underground electric distribution lines, 47 substations with 1.2 million kVA of installed capacity, and 3,117 miles of gas distribution mains, serving approximately 170,000 electric customers. The company holds a strategic partnership with Realta Fusion Inc. and Madison Gas and Electric Company and was incorporated in 2001.
As a regulated electric and gas utility under the GICS Electric Utilities sub-industry, MGEEs earnings are largely shaped by state-level rate regulation, which governs cost recovery and authorized returns on infrastructure investment. The combination of regulated utility operations with nonregulated energy and transmission investment segments is a common structure for multi-utility holding companies, allowing diversification beyond core rate-regulated activities.
- Wisconsin PSC rate case decisions boost regulated utility ROE
- Capital expenditure on renewables and transmission expands rate base growth
- Realta Fusion partnership positions company in emerging nuclear technology
| Net Income: 149.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -6.52 > 1.0 |
| NWC/Revenue: 3.32% < 20% (prev 12.31%; Δ -8.99% < -1%) |
| CFO/TA 0.08 > 3% & CFO 278.1m > Net Income 149.6m |
| Net Debt (907.3m) to EBITDA (294.9m): 3.08 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (37.5m) vs 12m ago 2.43% < -2% |
| Gross Margin: 85.41% > 18% (prev 41.47%; Δ 43.94% > 0.5%) |
| Asset Turnover: 24.97% > 50% (prev 25.11%; Δ -0.14% > 0%) |
| Interest Coverage Ratio: 4.87 > 6 (EBIT TTM 179.5m / Interest Expense TTM 36.9m) |
| A: 0.01 (Total Current Assets 210.9m - Total Current Liabilities 185.4m) / Total Assets 3.30b |
| B: 0.27 (Retained Earnings 879.0m / Total Assets 3.30b) |
| C: 0.06 (EBIT TTM 179.5m / Avg Total Assets 3.08b) |
| D: 0.77 (Book Value of Equity 1.44b / Total Liabilities 1.86b) |
| Altman-Z'' = 2.12 = BBB |
| DSRI: 0.97 (Receivables 86.7m/83.4m, Revenue 769.1m/718.3m) |
| GMI: 0.49 (GM 41.47% / 85.41%) |
| AQI: 2.03 (AQ_t 0.23 / AQ_t-1 0.11) |
| SGI: 1.07 (Revenue 769.1m / 718.3m) |
| TATA: -0.04 (NI 149.6m - CFO 278.1m) / TA 3.30b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of October 08, 2026, the stock is trading at USD 70.39 with a total of 139,171 shares traded. Over the past week, the price has changed by +1.35%, over one month by -9.55%, over three months by -14.71% and over the past year by -13.79%.
Current recommended Stop Loss: 68.30 (which is 3% or 1.3 ATR below the current price).
MGE Energy has received a consensus analysts rating of 3.20. Therefore, it is recommended to hold MGEE.
- StrongBuy: 1
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 76.8 | 9.1% |
P/E Trailing = 17.2654
P/E Forward = 25.2525
P/S = 3.5266
P/B = 1.9061
P/EG = 4.1202
Revenue TTM = 769.1m USD
EBIT TTM = 179.5m USD
EBITDA TTM = 294.9m USD
Long Term Debt = 879.1m USD (from longTermDebt, last quarter)
Short Term Debt = 20.5m USD (from shortTermDebt, last quarter)
Debt = 918.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 18.5m
Net Debt = 907.3m USD (calculated: Debt 918.1m - CCE 10.7m)
Enterprise Value = 3.56b USD (2.66b + Debt 918.1m - CCE 10.7m)
Interest Coverage Ratio = 4.87 (Ebit TTM 179.5m / Interest Expense TTM 36.9m)
EV/FCF = -21.69x (Enterprise Value 3.56b / FCF TTM -164.3m)
FCF Yield = -4.61% (FCF TTM -164.3m / Enterprise Value 3.56b)
FCF Margin = -21.36% (FCF TTM -164.3m / Revenue TTM 769.1m)
Net Margin = 19.45% (Net Income TTM 149.6m / Revenue TTM 769.1m)
Gross Margin = 85.41% ((Revenue TTM 769.1m - Cost of Revenue TTM 112.2m) / Revenue TTM)
Gross Margin QoQ = 82.63% (prev 36.07%)
Tobins Q-Ratio = 1.08 (Enterprise Value 3.56b / Total Assets 3.30b)
Interest Expense / Debt = 4.01% (Interest Expense 36.9m / Debt 918.1m)
Taxrate = 12.63% (21.6m / 171.3m)
NOPAT = 156.9m (EBIT 179.5m * (1 - 12.63%))
Current Ratio = 1.14 (Total Current Assets 210.9m / Total Current Liabilities 185.4m)
Debt / Equity = 0.64 (Debt 918.1m / totalStockholderEquity, last quarter 1.44b)
Debt / EBITDA = 3.08 (Net Debt 907.3m / EBITDA 294.9m)
Debt / FCF = -5.52 (negative FCF - burning cash) (Net Debt 907.3m / FCF TTM -164.3m)
Total Stockholder Equity = 1.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.86% (Net Income 149.6m / Total Assets 3.30b)
RoE = 11.10% (Net Income TTM 149.6m / Total Stockholder Equity 1.35b)
RoCE = 8.06% (EBIT 179.5m / Capital Employed (Equity 1.35b + L.T.Debt 879.1m))
RoIC = 5.02% (NOPAT 156.9m / Invested Capital 3.12b)
WACC = 5.57% (E(2.66b)/V(3.57b) * Re(6.28%) + D(918.1m)/V(3.57b) * Rd(4.01%) * (1-Tc(0.13)))
Discount Rate = 6.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.68 | Cagr: 1.54%
[DCF] Fair Price = unknown (Cash Flow -164.3m)
EPS Correlation: 93.00 | EPS CAGR: 8.58% | SUE: 0.82 | # QB: 0
Revenue Correlation: 77.05 | Revenue CAGR: 4.63% | SUE: 1.88 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.16 | Chg30d=-7.60% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=3.99 | Chg30d=+0.59% | Revisions=+0% | GrowthEPS=+7.3% | GrowthRev=+5.2%
EPS next Year (2027-12-31): EPS=4.20 | Chg30d=-1.06% | Revisions=+0% | GrowthEPS=+5.1% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +17% (up=2, down=1)