(MGEE) MGE Energy - Overview

Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NASDAQ (USA) | Market Cap: 2.854m USD | Total Return: -14.4% in 12m

Electricity, Natural Gas, Renewable Energy, Battery Storage
Total Rating 39
Safety 66
Buy Signal 0.06
Utilities - Regulated Electric
Industry Rotation: +13.2
Market Cap: 2.85B
Avg Turnover: 19.1M
Risk 3d forecast
Volatility21.5%
VaR 5th Pctl3.64%
VaR vs Median2.97%
Reward TTM
Sharpe Ratio-0.87
Rel. Str. IBD18.1
Rel. Str. Peer Group10
Character TTM
Beta0.219
Beta Downside0.364
Hurst Exponent0.463
Drawdowns 3y
Max DD30.88%
CAGR/Max DD0.11
CAGR/Mean DD0.27
EPS (Earnings per Share) EPS (Earnings per Share) of MGEE over the last years for every Quarter: "2021-03": 0.97, "2021-06": 0.63, "2021-09": 0.97, "2021-10": null, "2021-12": 0.36, "2022-03": 0.95, "2022-06": 0.6, "2022-09": 0.93, "2022-10": null, "2022-12": 0.58, "2023-03": 0.86, "2023-06": 0.79, "2023-09": 1.05, "2023-10": null, "2023-12": 0.55, "2024-03": 0.93, "2024-06": 0.66, "2024-09": 1.13, "2024-12": 0.61, "2025-03": 1.14, "2025-06": 0.72, "2025-09": 1.22, "2025-12": 0.64, "2026-03": 1.32,
EPS CAGR: 7.35%
EPS Trend: 92.2%
Last SUE: 1.53
Qual. Beats: 1
Revenue Revenue of MGEE over the last years for every Quarter: 2021-03: 167.915, 2021-06: 130.73, 2021-09: 145.873, 2021-10: 606.584, 2021-12: 162.066, 2022-03: 208.938, 2022-06: 152.348, 2022-09: 163.4, 2022-10: 714.519, 2022-12: 189.833, 2023-03: 217.253, 2023-06: 147.998, 2023-09: 160.528, 2023-10: 690.431, 2023-12: 164.652, 2024-03: 191.336, 2024-06: 145.713, 2024-09: 168.48, 2024-12: 171.415, 2025-03: 218.97, 2025-06: 159.452, 2025-09: 175.679, 2025-12: 189.553, 2026-03: 242.703,
Rev. CAGR: 2.84%
Rev. Trend: 54.2%
Last SUE: 3.07
Qual. Beats: 1

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: MGEE MGE Energy

MGE Energy, Inc. (MGEE) is a public utility holding company based in Madison, Wisconsin, providing electric and natural gas services to approximately 170,000 customers. The company manages a diverse infrastructure including 2,197 miles of electric distribution lines and 3,117 miles of gas distribution mains. Its power generation portfolio encompasses coal, natural gas, and an expanding footprint in renewable energy sources such as wind, solar, and battery storage.

As a regulated utility, MGEE operates as a natural monopoly within its service territory, where rates and returns on equity are overseen by state commissions. This business model typically provides more stable cash flows compared to non-regulated sectors, as utilities are permitted to recover infrastructure investments through customer rates. The company also maintains strategic interests in electric transmission facilities, which are essential for connecting regional power grids and integrating new renewable energy capacity.

Investors can evaluate the long-term sustainability of these utility assets by reviewing the detailed financial metrics available on ValueRay. MGE Energy continues to modernize its grid and transition its generation mix to meet evolving environmental regulations and regional energy demands.

Headlines to Watch Out For
  • Wisconsin Public Service Commission rate case outcomes dictate annual revenue growth
  • Capital expenditure on renewable energy and battery storage expands regulated asset base
  • Natural gas and coal fuel price fluctuations impact utility operating margins
  • Industrial and residential demand trends in Madison market drive core earnings
  • Federal tax credits for clean energy projects influence long-term capital efficiency
Piotroski VR-10 (Strict) 5.0
Net Income: 142.8m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -5.86 > 1.0
NWC/Revenue: 3.64% < 20% (prev 16.30%; Δ -12.65% < -1%)
CFO/TA 0.08 > 3% & CFO 266.1m > Net Income 142.8m
Net Debt (950.1m) to EBITDA (313.9m): 3.03 < 3
Current Ratio: 1.15 > 1.5 & < 3
Outstanding Shares: last quarter (36.6m) vs 12m ago 0.22% < -2%
Gross Margin: 77.17% > 18% (prev 0.41%; Δ 7.68k% > 0.5%)
Asset Turnover: 25.46% > 50% (prev 24.80%; Δ 0.67% > 0%)
Interest Coverage Ratio: 5.53 > 6 (EBITDA TTM 313.9m / Interest Expense TTM 36.0m)
Altman Z'' 1.90
A: 0.01 (Total Current Assets 211.1m - Total Current Liabilities 183.2m) / Total Assets 3.19b
B: 0.27 (Retained Earnings 863.5m / Total Assets 3.19b)
C: 0.07 (EBIT TTM 199.1m / Avg Total Assets 3.01b)
D: 0.49 (Book Value of Equity 900.3m / Total Liabilities 1.84b)
Altman-Z'' = 1.90 = BBB
Beneish M -3.38
DSRI: 1.04 (Receivables 102.7m/90.6m, Revenue 767.4m/704.6m)
GMI: 0.54 (GM 77.17% / 41.44%)
AQI: 1.02 (AQ_t 0.11 / AQ_t-1 0.11)
SGI: 1.09 (Revenue 767.4m / 704.6m)
TATA: -0.04 (NI 142.8m - CFO 266.1m) / TA 3.19b)
Beneish M = -3.38 (Cap -4..+1) = AA
What is the price of MGEE shares?

As of May 25, 2026, the stock is trading at USD 75.99 with a total of 415,104 shares traded.
Over the past week, the price has changed by +2.24%, over one month by -5.14%, over three months by -7.34% and over the past year by -14.36%.

Is MGEE a buy, sell or hold?

MGE Energy has received a consensus analysts rating of 2.00. Therefore, it is recommended to sell MGEE.

  • StrongBuy: 0
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 1

What are the forecasts/targets for the MGEE price?
Analysts Target Price 75.5 -0.6%
MGE Energy (MGEE) - Fundamental Data Overview as of 21 May 2026
P/E Trailing = 19.3846
P/E Forward = 25.2525
P/S = 3.8029
P/B = 2.0801
P/EG = 4.1202
Revenue TTM = 767.4m USD
EBIT TTM = 199.1m USD
EBITDA TTM = 313.9m USD
Long Term Debt = 880.3m USD (from longTermDebt, last quarter)
Short Term Debt = 60.7m USD (from shortTermDebt, last quarter)
Debt = 959.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 18.5m
Net Debt = 950.1m USD (calculated: Debt 959.5m - CCE 9.47m)
Enterprise Value = 3.80b USD (2.85b + Debt 959.5m - CCE 9.47m)
Interest Coverage Ratio = 5.53 (Ebit TTM 199.1m / Interest Expense TTM 36.0m)
EV/FCF = -29.12x (Enterprise Value 3.80b / FCF TTM -130.6m)
FCF Yield = -3.43% (FCF TTM -130.6m / Enterprise Value 3.80b)
FCF Margin = -17.02% (FCF TTM -130.6m / Revenue TTM 767.4m)
Net Margin = 18.61% (Net Income TTM 142.8m / Revenue TTM 767.4m)
Gross Margin = 77.17% ((Revenue TTM 767.4m - Cost of Revenue TTM 175.2m) / Revenue TTM)
Gross Margin QoQ = 36.07% (prev none%)
Tobins Q-Ratio = 1.19 (Enterprise Value 3.80b / Total Assets 3.19b)
Interest Expense / Debt = 3.75% (Interest Expense 36.0m / Debt 959.5m)
Taxrate = 10.78% (5.86m / 54.3m)
NOPAT = 177.7m (EBIT 199.1m * (1 - 10.78%))
Current Ratio = 1.15 (Total Current Assets 211.1m / Total Current Liabilities 183.2m)
Debt / Equity = 0.71 (Debt 959.5m / totalStockholderEquity, last quarter 1.35b)
Debt / EBITDA = 3.03 (Net Debt 950.1m / EBITDA 313.9m)
 Debt / FCF = -7.27 (negative FCF - burning cash) (Net Debt 950.1m / FCF TTM -130.6m)
 Total Stockholder Equity = 1.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.74% (Net Income 142.8m / Total Assets 3.19b)
RoE = 10.94% (Net Income TTM 142.8m / Total Stockholder Equity 1.31b)
RoCE = 9.11% (EBIT 199.1m / Capital Employed (Equity 1.31b + L.T.Debt 880.3m))
RoIC = 5.80% (NOPAT 177.7m / Invested Capital 3.06b)
WACC = 5.89% (E(2.85b)/V(3.81b) * Re(6.75%) + D(959.5m)/V(3.81b) * Rd(3.75%) * (1-Tc(0.11)))
Discount Rate = 6.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 0.52%
 [DCF] Fair Price = unknown (Cash Flow -130.6m)
 EPS Correlation: 92.23 | EPS CAGR: 7.35% | SUE: 1.53 | # QB: 1
Revenue Correlation: 54.23 | Revenue CAGR: 2.84% | SUE: 3.07 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.81 | Chg30d=+1.25% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.21 | Chg30d=-0.82% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.96 | Chg30d=+0.13% | Revisions=-20% | GrowthEPS=+6.5% | GrowthRev=+7.1%
EPS next Year (2027-12-31): EPS=4.25 | Chg30d=+0.12% | Revisions=+20% | GrowthEPS=+7.2% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +20%