MGE ENERGY INC (MGEE)
Utilities · Electric and Gas Utilities · NASDAQ
MGE Energy is a Wisconsin-based utility holding company focused on the reliable distribution of electricity and natural gas while expanding its renewable energy generation portfolio.
What MGE ENERGY INC does
MGE Energy is a public utility holding company that provides electricity and natural gas service primarily through its principal subsidiary, Madison Gas and Electric Company (MGE). MGE serves customers in the Madison, Wisconsin area and parts of Dane County. The company is involved in the generation, transmission, and distribution of electricity, as well as the purchase and distribution of natural gas.
Themes: Renewable energy transition, Solar energy, Battery storage, Utility infrastructure, Decarbonization
Fundamentals
- Price$70.73 as of 2026-10-08 close
- Market cap$2.6B as of 2026-04-30 (share count; price 2026-10-08)
- 1-year return-15.9% 2025-10-08 close $84.11 → 2026-10-08 close $70.73
- P/E17.39 as of 2026-10-08
- ROE+10.4% FY2025, SEC XBRL
- Debt / equity0.65 as of 2026-09-03
- Revenue growth (YoY)+7.1% as of 2026-09-03
- Beta0.24 as of 2026-09-03
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.8%; at least 15 years of non-decreasing per-share dividends (SEC XBRL) — a stock split inside this window left the earlier years on a different per-share basis, so the real streak may be longer.
How MGEE compares in its sector
- price-to-earnings ratiomiddle range 67 covered Utilities peers, as of 2026-10-08
- return on equitymiddle range 72 covered Utilities peers, as of 2026-09-03
- indicated dividend yieldmiddle range 67 covered Utilities peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)middle range 57 covered Utilities peers, as of FY2025
Position among covered Utilities companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
MGEE is not currently in any published Top 10 list. Its scores are below.
Top 10 score
47.2 #897 of 1,379 scored · #21 of 54 in Utilities
Valuation 72nd (price to book 1.9, price to earnings 17.4) and capital return 59th (consecutive years of dividend increases 15 years, net share count bought back over the year -0.9); weakest is trend (28th, a strong downtrend, with sellers in control).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, MGEE's dividend was covered by reported results (earnings payout 50%). This describes past coverage, not a forecast.
- Earnings payout50% dividends / net income
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How MGE ENERGY INC looks technically
MGE ENERGY INC (MGEE) is trading 9.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 10 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 37, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 3 trading days ago (its momentum flipped positive). It made a new 20-day low about 11 trading days ago. It is 4.0% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 9.5% below its 200-day average, the long-term trend line — a long-term downtrend | -9.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $76.40 | $76.40 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $78.12 | $78.12 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 13 calendar days ago — the swings before that are what the structure reading is measured on | 13 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 78. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction. | possible downward five-wave sequence, in wave 4 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 10 trading days ago — a "death cross", a bearish long-term signal | 10 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with sellers in control | 35.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 37, neither overbought (above 70) nor oversold (below 30) | 37.0 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($68.01 to $74.11) — its "stochastic" reading is 45 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 44.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 3 trading days ago (its momentum flipped positive) | 3 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $87.94 | $87.94 |
|---|---|---|
| From the 52-week high | it is 19.6% below its 52-week high (its highest price of the past year) | -19.6% |
| Above the 52-week low | it is 4.0% above its 52-week low (its lowest price of the past year) | +4.0% |
| Below the 52-week high | it is 19.6% below its highest point of the past year | 19.6% |
| Since a 20-day breakout | it made a new 20-day low about 11 trading days ago | 11 sessions |
| Since a 55-day breakout | it made a new 55-day low about 11 trading days ago | 11 sessions |
| All-time high | its highest closing price on record is $109.22 (set on 2024-11-13) | $109.22 |
| Given back of the 52-week move | over the past year its closes ranged ($68.49 to $87.05), and it has recovered only a small part of its fall from last year’s high — 12% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $79.96 to $80.55. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 12.1% |
| From the all-time high | it is 35.2% below its all-time high | -35.2% |
| Nearest price level | it is trading 2.4% below a resistance level at $72.45 — a price it turned at three times since 2026-03-18, most recently on 2026-06-01. Since 2024-10-08 it has 0 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.4% |
| All-time low | its lowest closing price on record is $18.18 (set on 2009-03-06) | $18.18 |
| Above the all-time low | it is 289.1% above its all-time low | +289.1% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 86% of the past ~6 months) | 86th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.50 between its high and its low — about 2.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.50 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $66.81 and $76.97 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $66.81 – $71.89 – $76.97 |
| Typical daily range (% of price) | its price moves about 2.1% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.1% |
| Stretch from the 200-day average | it is trading 4.9 daily ranges below its 200-day average price (9.5% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 4.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.99× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|---|---|
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
Price gaps
1
| Gap at the open | it opened on 2026-10-08 0.3% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.3% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 10.2 percentage points (the stock lost 9.1% while the market gained 1.0%) | -10.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 17.8 percentage points (the stock lost 14.0% while the market gained 3.8%) | -17.8% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 27.2 percentage points (the stock lost 9.8% while the market gained 17.5%) | -27.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 30.9 percentage points (the stock lost 15.9% while the market gained 15.0%) | -30.9% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 11% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.0% of the share price, which is taken to mean a barrier that gives way easily. | -11.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 8% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $77.26 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -8.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 6% below the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is under water. That average is $75.23 — a volume-weighted average of daily closes over 46 sessions, not a true tick-by-tick VWAP. | -6.0% |
Price levels it has turned at before
MGEE last closed at $70.73 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 10 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $72.45 | Resistance | 2.4% above the last close | turned there three times · 2026-03-18 to 2026-06-01 |
| $76.65 | Resistance | 8.4% above the last close | turned there five times · 2025-12-08 to 2026-08-31 |
| $78.31 | Resistance | 10.7% above the last close | turned there six times · 2026-01-28 to 2026-09-08 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $78.00.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $71.42 and $75.23 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a completed three-part correction, which fails on a close below $68.01.
This reading has stood for 19 trading days, since 2026-09-14.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent death cross (50-day crossed below 200-day) · MACD just crossed bullish (12/26/9) · lagging the market · Printed a doji candle · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.80 mean, 1=Strong Buy…5=Strong Sell) — 5 analysts
- Mean price target$76.80 range $71.00 – $81.00; median $77.00
Analyst estimates, as of 2026-10-03. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for MGEE
- Consensus EPS estimate$1.16 next reporting period, as of 2026-10-03
- Estimate change, 30 days-$0.095 (-7.6%) from $1.25, on 2026-08-29, 35-day window
- Readings revised upward0% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Regulatory and legislative changes impacting rate-setting and returns on equity","Environmental compliance and emissions regulations for power generation assets","Supply chain and regulatory risks associated with imported solar components and battery technologies"]
What changed in the latest 10-Q
AI-assisted comparison of MGEE's 10-Q filed 2026-05-05 against the prior one filed 2025-11-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing includes complete MD&A section with Item 2 forward-looking statements disclaimer and 'Where to Find More Information' subsection (filed 2026-05-05)
- Newer filing includes comprehensive 'Definitions, Abbreviations, and Acronyms Used in the Text and Notes of this Report' section with 80+ defined terms (filed 2026-05-05)
- Newer filing includes Item 1. Financial Statements with Consolidated Statements of Income for three months ended March 31, 2026 and 2025 (filed 2026-05-05)
- Newer filing includes Consolidated Statements of Cash Flows for three months ended March 31, 2026 and 2025 (filed 2026-05-05)
- Financial data added: Electric revenues $131,440 (2026) vs $125,489 (2025); Gas revenues $111,263 (2026) vs $93,481 (2025); Net Income $48,481 (2026) vs $41,592 (2025) (filed 2026-05-05)
- Removed:
- Older filing reference to 'Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations' structure is replaced with 'Item 2' in newer filing (filed 2025-11-05 version removed)
- Reworded:
- Reference to 'Form 10-K for the year ended December 31, 2025' in newer filing (dated 2026-05-05) vs older filing referencing prior year periods (dated 2025-11-05)
- Newer filing specifies 'three months ended March 31' for financial statements vs older filing structure not shown in excerpt
- Notes:
- Older filing MD&A section is truncated in the provided text, ending mid-sentence at 'Part I,', making complete comparison impossible
- The older filing excerpt does not contain comparable financial statements or definitions sections, limiting assessment to observable additions in the newer filing
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
2 open-market purchases and 0 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 90 days · read to 2026-10-042 buys ($42500) · 0 sells — 1 buying insider
- Last 180 days · read to 2026-10-042 buys ($42500) · 0 sells — 1 buying insider
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-09. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about MGEE's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding MGEE as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 8,634,790
- Reported value $704,080,771
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 5 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about MGEE's institutional holders → See what each manager we track holds →
Short interest (FINRA)
MGEE had 1,746,686 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
MGEE had 4.75% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 12.87 days to cover at the same settlement.
- Reported short interest (shares) 1,746,686
- Short interest (% of shares outstanding) 4.75%
- Prior settlement (shares) 1,734,366
- Reported change 0.71%
- Days to cover (reported) 12.87
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does MGE ENERGY INC (MGEE) do?
MGE Energy is a public utility holding company that provides electricity and natural gas service primarily through its principal subsidiary, Madison Gas and Electric Company (MGE). MGE serves customers in the Madison, Wisconsin area and parts of Dane County. The company is involved in the generation, transmission, and distribution of electricity, as well as the purchase and distribution of natural gas.
What sector is MGE ENERGY INC (MGEE) in?
MGE ENERGY INC (MGEE) is classified in the Utilities sector. Its industry is Electric and Gas Utilities. It trades on NASDAQ.
Does MGEE pay a dividend?
Yes — MGE ENERGY INC (MGEE) pays a dividend, with an indicated yield of about 2.75% and at least 15 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — a stock split inside this window left the earlier years on a different per-share basis, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are MGE ENERGY INC's (MGEE) competitors?
Notable peers of MGE ENERGY INC (MGEE) include WEC Energy Group, Alliant Energy and Xcel Energy. This peer set is informational only — not financial advice.
Is MGE ENERGY INC (MGEE) overbought or oversold right now?
MGE ENERGY INC (MGEE) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 37, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on MGEE come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.