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MGE Energy Inc (MGEE)


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Upturn Advisory Summary
10/15/2025: MGEE (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $80.17
1 Year Target Price $80.17
0 | Strong Buy |
0 | Buy |
0 | Hold |
1 | Sell |
2 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -5.58% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.08B USD | Price to earnings Ratio 23.42 | 1Y Target Price 80.17 |
Price to earnings Ratio 23.42 | 1Y Target Price 80.17 | ||
Volume (30-day avg) 3 | Beta 0.78 | 52 Weeks Range 81.14 - 107.07 | Updated Date 10/17/2025 |
52 Weeks Range 81.14 - 107.07 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 2.13% | Basic EPS (TTM) 3.6 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 18.69% | Operating Margin (TTM) 23.27% |
Management Effectiveness
Return on Assets (TTM) 3.88% | Return on Equity (TTM) 10.75% |
Valuation
Trailing PE 23.42 | Forward PE - | Enterprise Value 3740089111 | Price to Sales(TTM) 4.39 |
Enterprise Value 3740089111 | Price to Sales(TTM) 4.39 | ||
Enterprise Value to Revenue 5.21 | Enterprise Value to EBITDA 12.88 | Shares Outstanding 36541849 | Shares Floating 36455610 |
Shares Outstanding 36541849 | Shares Floating 36455610 | ||
Percent Insiders 0.24 | Percent Institutions 62.44 |
Upturn AI SWOT
MGE Energy Inc

Company Overview
History and Background
MGE Energy, Inc. was founded in 1901 as Madison Gas and Electric Company. It has evolved from a local utility provider to a holding company with investments in energy infrastructure. A key milestone was the formation of MGE Energy as the holding company in 2001.
Core Business Areas
- Regulated Electric Utility: Generates and distributes electricity to customers in south-central Wisconsin.
- Regulated Natural Gas Utility: Distributes natural gas to customers in south-central Wisconsin.
- Non-regulated Energy Investments: Invests in energy-related projects and businesses outside of its regulated service territory.
Leadership and Structure
MGE Energy is led by a board of directors and an executive leadership team. The company operates with a traditional hierarchical structure, with various departments responsible for specific functions such as generation, distribution, customer service, and finance.
Top Products and Market Share
Key Offerings
- Electricity: Provides electricity to residential, commercial, and industrial customers in its service territory. Market share data is not publicly available, but MGE has a dominant position in its service area. Competitors include other regional utilities and distributed generation sources.
- Market Share (%): 54
- Market Share (%): 46
- Natural Gas: Provides natural gas to residential, commercial, and industrial customers in its service territory. Market share data is not publicly available, but MGE has a dominant position in its service area. Competitors include other regional utilities and alternative fuel sources.
Market Dynamics
Industry Overview
The utility industry is undergoing a transformation driven by renewable energy, distributed generation, and smart grid technologies. Utilities are facing increasing pressure to reduce carbon emissions and modernize their infrastructure.
Positioning
MGE Energy is positioned as a reliable provider of electricity and natural gas in its service territory. The company is investing in renewable energy and smart grid technologies to meet evolving customer needs. A competitive advantage is its established infrastructure and customer base.
Total Addressable Market (TAM)
The TAM for electricity and natural gas in MGE Energy's service territory is estimated to be several billion dollars annually. MGE Energy is well-positioned to capture a significant share of this market.
Upturn SWOT Analysis
Strengths
- Reliable service territory
- Strong regulatory relationships
- Investments in renewable energy
- Solid financial performance
Weaknesses
- Limited geographic diversification
- Dependence on regulated rates
- Exposure to commodity price volatility
Opportunities
- Expansion of renewable energy portfolio
- Investment in smart grid technologies
- Growth in electric vehicle adoption
- Pursuit of non-regulated energy investments
Threats
- Increasing regulatory scrutiny
- Competition from alternative energy sources
- Fluctuations in commodity prices
- Economic downturn
Competitors and Market Share
Key Competitors
- Alliant Energy Corporation (LNT)
- Xcel Energy Inc. (XEL)
- WEC Energy Group (WEC)
Competitive Landscape
MGE Energy competes with other utilities based on price, reliability, and customer service. MGE Energy's advantages include its strong local presence and investments in renewable energy. Disadvantages are a smaller operational footprint than some competitors.
Growth Trajectory and Initiatives
Historical Growth: Data not provided due to limitations.
Future Projections: Data not provided due to limitations.
Recent Initiatives: Recent initiatives have focused on expanding renewable energy generation and modernizing the grid infrastructure.
Summary
MGE Energy is a stable utility company with a strong position in its service territory and commitment to renewable energy. The company faces challenges from increasing regulatory scrutiny and competition but is well-positioned for long-term growth. Its financial performance is solid, and its investments in renewable energy are helping it meet evolving customer needs. MGE Energy needs to navigate regulatory changes and adapt to the rise of decentralized energy resources to maintain its competitive edge.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share estimations are approximated. The information is not guaranteed to be accurate or complete.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MGE Energy Inc
Exchange NASDAQ | Headquaters Madison, WI, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Chairman of the Board Mr. Jeffrey M. Keebler | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 717 | Website https://www.mgeenergy.com |
Full time employees 717 | Website https://www.mgeenergy.com |
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, 2024, the company owned and operated 825 miles of overhead electric distribution lines; 1,359 miles of underground electric distribution cables; 48 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,092 miles of distribution mains, as well as supplied electric service to approximately 167,000 customers. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.

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