MGEE

In the past six months (April-October 2026), MGE Energy reported its First-Quarter 2026 Earnings on May 5, 2026, and Second-Quarter 2026 Earnings on August 5, 2026, where diluted EPS increased by 23.6% over the year-ago period to $0.89, surpassing analyst estimates, though revenue of $161.19 million fell short of expectations. On May 6, 2026, the company announced and priced a public offering of 3,300,331 shares of common stock, which led to a 7.61% daily dip in the stock price. MGE Energy declared a regular dividend on May 19, 2026, and later increased its regular quarterly dividend by 7.0% to $0.5083 per share on August 21, 2026, marking its 51st consecutive year of dividend increases. Leadership changes included the announcement of the retirement of its VP of Energy Operations and the naming of a successor on June 23, 2026. A director of MGE Energy increased their stake in the company through an open-market buy on September 11, 2026. Analyst ratings saw Morgan Stanley lower its price objective for MGE Energy from $74.00 to $71.00 and maintain an "underweight" rating on September 18, 2026, while Bank of America initiated coverage on MGE Energy with a "neutral" rating and a $76.00 price target on September 24, 2026. On October 1, 2026, MGE Energy and Madison Gas and Electric Company amended and restated their revolving credit agreements, extending maturity dates to October 1, 2031, and increasing the commitment on one facility from $90 million to $210 million. Wall Street Zen upgraded MGE Energy's stock rating from "sell" to "hold" on October 10, 2026.