MGE ENERGY INC (MGEE)
Utilities · Electric and natural gas utility distribution · NASDAQ
A regulated utility delivering electric and natural gas to south-central Wisconsin customers, transitioning its generation portfolio toward renewables while managing legacy coal and natural gas assets.
What MGE ENERGY INC does
MGE Energy Inc (through subsidiary Madison Gas and Electric) is a regulated utility providing electric and natural gas distribution to customers in south-central Wisconsin. The company generates electricity from diversified sources including coal, natural gas, renewables (solar and wind), and operates distribution infrastructure for both electric and gas services in its service territory.
Themes: ["Electric utilities","Natural gas distribution","Renewable energy integration","Solar power generation","Wind power generation","Battery energy storage","Energy transition / decarbonization","Regulated utility model"]
Fundamentals
- Price$81.74 as of 2026-07-09 close
- Market cap$3.1B as of 2026-07-10
- 1-year return-7.6% as of 2026-07-09 close
- P/E21.66 as of 2026-07-10
- Net margin+18.6% as of 2026-07-10
- Gross margin+37.6% as of 2026-07-10
- ROE+10.9% as of 2026-07-10
- Debt / equity0.70 as of 2026-07-10
- Revenue growth (YoY)+8.9% as of 2026-07-10
- Beta0.70 as of 2026-07-10
Dividend: yield +2.3%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: rates and returns subject to approval by Public Service Commission of Wisconsin; changes in regulatory treatment of cost recovery, depreciation, or return on equity could adversely affect financial results","Transition risk: compliance with environmental regulations including coal combustion residuals handling, emission standards (NOx, SO2, PM), and potential future carbon constraints; coal generation faces long-term policy pressure","Capital intensity and commodity exposure: significant capital investments required for renewable generation and grid modernization; exposure to natural gas, power purchase costs, and commodity price volatility"]
Competitors & peers
- We Energy Group / Wisconsin Electric Power Company (WEPCO)
- Alliant Energy (LNT)
- American Electric Power (AEP)
- Xcel Energy (XEL)
- Northern States Power Company
- DTE Energy (DTE)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.