MGE Energy, Inc. MGEE R2K
Utilities · Utilities - Regulated Electric · United States
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, 2025, the company owned and operated 811 miles of overhead electric distribution lines; 1,386 miles of underground electric distribution cables; 47 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,117 miles of distribution mains, as well as supplied electric service to approximately 170,000 customers. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.
READ MORE ›$75.50
-14.97% 1Y
Market & Price
Market Cap
$2.85B
Current Price
$75.50
High / Low (52W)
$89.52 / $72.45
Beta
0.75
Valuation
Stock P/E
19.36
Industry PE
19.80
Forward P/E
18.34
PEG Ratio
4.12
Book Value
$36.72
Price to Book
2.06
P/S
3.80
EV/EBITDA
12.86
Dividend Yield
2.51%
Profitability & Returns
ROCE
6.66%
ROE
10.95%
ROA
3.81%
Profit Margin
19.03%
Op Margin
23.50%
EPS (Latest Qtr)
$1.32
EPS (TTM)
$3.90
Balance Sheet & Liquidity
Debt/Equity
0.70
Quick Ratio
0.61
Current Ratio
1.15
Debt
$941.07M
Total Assets
$3.16B
Current Assets
$228.55M
Working Capital
$-68.16M
Ownership
Promoter Holding
0.33%
Chg in Prom Hold
-
FII / Inst Holding
58.87%
Chg in FII Hold
-0.00%
Financial Snapshot
Enterprise Value
$3.71B
Total Revenue (TTM)
$750.39M
EBITDA
$288.30M
Free Cash Flow
$-180.88M
Operating Cash Flow
$266.06M
Shares Outstanding
37.75M
Gross Margin
41.35%
Payout Ratio
48.08%
Growth (CAGR)
Revenue 5Y
1.34%
Profit 5Y
6.99%
Revenue (YoY)
10.80%
Earnings (YoY)
15.90%
PROS
- Attractive dividend yield of 2.51%.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MGEE MGE Energy, Inc. R2K | 75.50 | 19.36 | $2.85B | 2.51% | 6.66% | 10.95% | 1.34% | 6.99% |
| 2 | NEE NextEra Energy, Inc. SPX | 87.01 | 22.08 | $181.47B | 2.86% | 4.79% | 10.32% | 9.36% | 18.12% |
| 3 | SO The Southern Company SPX | 92.05 | 23.54 | $103.77B | 3.30% | 5.93% | 10.99% | 0.31% | 7.09% |
| 4 | DUK Duke Energy Corporation SPX | 122.73 | 18.88 | $95.68B | 3.47% | 5.35% | 9.66% | 3.87% | 24.90% |
| 5 | AEP American Electric Power Company, Inc. NDXSPX | 126.67 | 18.74 | $68.92B | 3.00% | 5.68% | 12.58% | 3.66% | 15.77% |
| 6 | D Dominion Energy, Inc. SPX | 66.94 | 19.75 | $58.87B | 3.99% | 5.34% | 9.79% | 5.80% | 36.03% |
| 7 | SRE Sempra SPX | 89.13 | 30.32 | $58.26B | 2.95% | 3.04% | 5.69% | -1.73% | -4.95% |
| 8 | VST Vistra Corp. SPXAI | 160.23 | 26.79 | $54.03B | 0.57% | 7.08% | 42.90% | 8.92% | 58.98% |
| 9 | ETR Entergy Corporation SPX | 109.05 | 27.89 | $49.93B | 2.35% | 5.63% | 10.75% | -2.02% | 17.36% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 218.97M | 159.45M | 175.68M | 189.55M | 242.70M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 132.47M | 90.94M | 89.67M | 121.67M | 155.17M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 86.50M | 68.51M | 86.01M | 67.88M | 87.54M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.63M | 34.28M | 34.94M | 35.39M | 34.38M |
| Operating Income | 24.05M | 46.18M | 22.18M | 29.53M | 28.21M | 46.53M | 23.96M | 31.84M | 25.59M | 42.00M | 25.20M | 26.19M | 24.23M | 39.80M | 23.99M | 30.51M | 19.78M | 38.74M | 21.88M | 31.44M | 21.52M | 38.33M | 18.71M | 39.05M | 23.39M | 37.60M | 41.86M | 25.46M | 42.49M | 40.03M | 38.39M | 43.79M | 40.74M | 29.73M | 48.14M | 52.87M | 34.22M | 51.08M | 32.49M | 53.15M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 83.15M | 66.28M | 89.78M | 65.57M | 92.23M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.58M | 8.46M | 8.68M | 9.08M | 9.80M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 47.89M | 29.47M | 52.29M | 27.01M | 54.34M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.30M | 2.98M | 7.79M | 3.71M | 5.86M |
| Net Income | 13.48M | 28.35M | 11.23M | 17.03M | 16.15M | 27.88M | 14.50M | 19.30M | 15.54M | 26.63M | 36.13M | 20.00M | 18.35M | 29.51M | 16.36M | 24.01M | 15.55M | 30.66M | 16.66M | 26.04M | 18.79M | 31.79M | 15.80M | 34.93M | 22.85M | 34.92M | 34.42M | 21.76M | 33.72M | 31.08M | 28.68M | 37.86M | 33.81M | 23.79M | 40.94M | 41.59M | 26.50M | 44.50M | 23.30M | 48.48M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.75 | 0.53 | 0.88 | - | 0.97 | 0.63 | 0.97 | 0.95 | 0.60 | 0.93 | 0.86 | 0.79 | 1.05 | 0.93 | 0.66 | 1.13 | 1.14 | 0.72 | 1.22 | 0.64 | 1.32 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 714.52M | 690.43M | 676.94M | 743.65M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 470.60M | 421.39M | 398.12M | 434.76M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 243.92M | 269.04M | 278.83M | 308.90M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 106.18M | 122.66M | 132.57M | 138.24M |
| Operating Income | 87.78M | 84.67M | 96.60M | 107.87M | 112.76M | 127.99M | 138.10M | 124.25M | 123.88M | 124.62M | 114.21M | 110.91M | 110.00M | 117.29M | 137.74M | 146.38M | 146.26M | 170.65M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 249.37M | 276.28M | 272.68M | 304.78M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.65M | 30.43M | 32.93M | 33.80M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 137.18M | 145.50M | 131.16M | 156.65M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.22M | 27.80M | 10.60M | 20.77M |
| Net Income | 52.77M | 51.00M | 57.72M | 60.93M | 64.45M | 74.91M | 80.32M | 71.34M | 75.56M | 97.61M | 84.22M | 86.87M | 92.42M | 105.76M | 110.95M | 117.70M | 120.57M | 135.89M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | 2.51 | 2.60 | 2.92 | 3.07 | 3.25 | 3.33 | 3.72 |
Compounded Sales Growth
| 5 Years: | 1.34% |
| 1 Year: | 10.80% |
Compounded Profit Growth
| 5 Years: | 6.99% |
| 1 Year: | 15.90% |
Stock Price Performance
| 1 Year: | -14.97% |
| 6 Months: | -7.01% |
| 3 Months: | -7.95% |
| 1 Month: | -4.13% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.28B | 1.32B | 1.46B | 1.59B | 1.58B | 1.69B | 1.73B | 1.80B | 1.86B | 1.99B | 2.08B | 2.25B | - | 2.52B | 2.68B | 2.83B | 3.16B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 243.48M | 238.20M | 227.26M | 228.55M |
| Cash & Equivalents | 3.79M | 4.11M | 4.70M | 7.11M | 41.17M | 46.36M | 68.81M | 65.75M | 81.38M | 95.96M | 107.95M | 83.10M | 23.48M | 44.74M | - | 11.60M | 11.14M | 21.30M | 5.67M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 74.28M | 72.65M | 67.64M | 64.18M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 55.41M | 46.73M | 51.28M | 57.56M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.44B | 1.54B | 1.60B | 1.85B |
| Current Liabilities | - | - | 127.14M | 81.21M | 63.07M | 75.80M | 96.67M | 90.00M | 84.15M | 103.50M | 126.51M | 120.63M | 128.82M | 190.93M | - | 225.06M | 157.16M | 125.56M | 296.71M |
| Long Term Debt | - | - | 320.94M | 334.35M | 360.90M | 358.49M | 399.41M | 395.26M | 386.74M | 382.79M | 398.16M | 493.34M | 523.74M | 519.30M | - | 585.25M | 718.82M | 763.70M | 792.21M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 727.17M | 780.01M | 768.98M | 908.37M |
| Total Equity | 427.73M | 478.20M | 501.80M | 525.08M | 550.95M | 579.43M | 617.51M | 659.40M | 690.46M | 724.09M | 778.19M | 816.64M | 855.68M | 976.00M | - | 1.08B | 1.14B | 1.23B | 1.30B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36.16M | 36.16M | 36.49M | 36.54M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 74.71M | 117.91M | 124.03M | 130.77M | 146.00M | 140.27M | 128.76M | 141.19M | 147.86M | 131.37M | 153.04M | 130.47M | 172.44M | - | 153.74M | 237.56M | 277.78M | 263.23M |
| Investing Cash Flow | -104.28M | -79.97M | -57.38M | -66.35M | -101.35M | -121.92M | -96.16M | -73.31M | -86.81M | -116.28M | -218.33M | -172.36M | -210.41M | - | -180.15M | -230.02M | -241.49M | -350.56M |
| Financing Cash Flow | 29.89M | -37.34M | -64.24M | -30.36M | -39.46M | 4.11M | -35.66M | -52.24M | -46.11M | -4.64M | 38.12M | -17.23M | 59.19M | - | 25.54M | -10.48M | -26.83M | 71.57M |
| Capital Expenditure | -105.78M | -77.93M | -60.08M | -65.18M | -98.44M | -119.05M | -92.68M | -72.03M | -83.66M | -108.13M | -212.20M | -164.04M | -203.14M | - | -175.03M | -222.07M | -236.93M | -343.22M |
| Free Cash Flow | -31.07M | 39.98M | 63.95M | 65.60M | 47.57M | 21.22M | 36.09M | 69.16M | 64.20M | 23.24M | -59.16M | -33.56M | -30.70M | - | -21.30M | 15.49M | 40.86M | -79.99M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -867.00K | -2.94M | 9.47M | -15.76M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.1% | 39.0% | 41.2% | 41.5% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19.3% | 21.2% | 21.6% | 22.9% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.5% | 17.0% | 17.8% | 18.3% |
| ROE % | 11.0% | 10.2% | 11.0% | 11.1% | 11.1% | 12.1% | 12.2% | 10.3% | 10.4% | 12.5% | 10.3% | 10.2% | 9.5% | - | 10.3% | 10.3% | 9.8% | 10.4% |
| ROCE % | - | 7.3% | 7.8% | 7.7% | 7.5% | 8.6% | 8.6% | 7.6% | 7.3% | 7.2% | 6.1% | 5.7% | 5.3% | - | 6.0% | 5.8% | 5.4% | 6.0% |
Shareholding Pattern
Insiders
0.33%
Institutions
58.87%
Public Float
59.06%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 14.85% | 5.46M | $412.21M |
| 2 | Vanguard Portfolio Management LLC | 7.25% | 2.66M | $201.06M |
| 3 | State Street Corporation | 5.22% | 1.92M | $144.86M |
| 4 | Vanguard Capital Management LLC | 4.46% | 1.64M | $123.90M |
| 5 | Geode Capital Management, LLC | 2.52% | 925.77K | $69.90M |
| 6 | Dimensional Fund Advisors LP | 1.86% | 684.27K | $51.66M |
| 7 | First Trust Advisors LP | 1.22% | 446.87K | $33.74M |
| 8 | Charles Schwab Investment Management, Inc. | 1.14% | 418.15K | $31.57M |
| 9 | Northern Trust Corporation | 0.98% | 360.85K | $27.24M |
| 10 | Qube Research & Technologies Ltd | 0.90% | 330.04K | $24.92M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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