MGE Energy, Inc. (MGEE)

Over the past six months, MGE Energy's stock price has declined, with a share price of $79.88 as of January 30, 2026, a 9.91% decrease from February 3, 2025. The 52-week range has been between $76.47 and $95.00. MGE Energy declared regular dividends in January, October, and September 2025. The company reported third-quarter 2025 earnings in November 2025 and second-quarter 2025 earnings in August 2025, with the latter showing an increase in net income and earnings per share. In December 2025, Morgan Stanley lowered MGE Energy's price target to $71 from $75.

Demand for MGE Energy's products and services is seasonal, influenced by weather patterns. Electric residential sales increased in the second quarter of 2025 due to warmer weather, while gas retail therm deliveries decreased in 2024 due to warmer weather. The company offers Time-of-Use (TOU) rates to encourage customers to shift electricity usage to off-peak hours, with higher on-peak charges during the summer months.

MGE Energy, Inc. is an investor-owned public utility holding company based in Madison, Wisconsin, operating in the Regulated Electric and Natural Gas industry. Through its subsidiary, Madison Gas and Electric Company (MGE), it generates, purchases, and distributes electricity and natural gas, serving approximately 167,000 electric and 178,000 natural gas customers. MGE Energy owns and leases electric generating capacity from various sources, including renewables, and provides related services. The company also manages transmission facilities and holds a stake in American Transmission Co.

MGE Energy's primary geographic footprint is in south-central and western Wisconsin. Its main subsidiary, Madison Gas and Electric Company, provides services in Madison, Dane County, and seven other counties in the region.

MGE Energy maintains a strong brand reputation through consistent financial performance and a commitment to sustainability. The company has increased its dividend for over 50 years and has paid dividends for over 110 years. MGE Energy is transitioning to net-zero carbon electricity by 2050, with 21% of its energy from renewables. Recent renewable additions include the Darien Solar Project, Paris Battery Energy Storage System, and the Strix Solar facility. The company introduced a renewable natural gas (RNG) option in 2024 and holds high credit ratings from Standard & Poor's and Moody's.

MGE Energy, Inc. has significant institutional ownership, with 518 institutional owners and shareholders holding approximately 62% of the company's shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc., and State Street Global Advisors, Inc. Individual investors and public companies hold approximately 40.10% of the shares.