MGE Energy, Inc. (MGEE)

Over the past six months, MGE Energy's stock price has declined, closing at $78.44 in January 2026, down from $83.98 in July 2025. In December 2025, Morgan Stanley lowered MGE Energy's price target to $71 from $75. Earlier, in September 2025, Ladenburg Thalmann upgraded MGE Energy to Neutral. MGE Energy reported strong third-quarter 2025 performance, with net income increasing to $44,497 thousand. The company announced plans in November 2025 to add more solar, battery storage, and wind capacity. MGE Energy declared regular dividends in October 2025 and increased its dividend for the 49th consecutive year. Despite these positive operational and dividend-related news, the stock hit a new 1-year low in January 2026.

Demand for MGE Energy's products and services is seasonal and influenced by weather patterns. Electricity demand is typically higher during the summer months due to increased air conditioning usage. Demand for natural gas services is generally higher during colder months for heating purposes.

MGE Energy, Inc. is a public utility holding company based in Madison, Wisconsin, operating through its subsidiary, Madison Gas and Electric Company (MGE). The company generates, transmits, and distributes electricity, and purchases and distributes natural gas, utilizing renewable energy sources, natural gas, and coal facilities. As of December 31, 2024, MGE supplied electric service to approximately 167,000 customers and natural gas service to around 178,000 customers.

MGE Energy's primary service territory is in south-central and western Wisconsin. Madison Gas and Electric Company distributes electricity in a 264-square-mile area in Dane County, Wisconsin, including the city of Madison. The company also provides natural gas service across a 1,684-square-mile area in seven south-central Wisconsin counties, including Dane, Columbia, Crawford, Iowa, Juneau, Monroe, and Vernon counties.

MGE Energy has maintained a strong brand reputation, particularly in terms of reliability and sustainability efforts. MGE has consistently ranked among the top utilities nationwide for electric reliability. The company is committed to transitioning to cleaner energy sources, with goals to reduce carbon emissions by 80% by 2030 and achieve net-zero carbon electricity by 2050. In 2024, MGE introduced a renewable natural gas (RNG) option for customers.

MGE Energy, Inc. has significant institutional ownership, with 562 institutional owners and shareholders holding a total of 28,353,319 shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, and State Street Corp. Individual insiders hold approximately 0.236% of the company's shares.