MGE Energy, Inc. (MGEE)

MGE Energy's stock has been impacted by several events in the past six months. The company announced a proposed public offering of $250 million in common stock shares on May 6, 2026, causing selling pressure. MGE Energy reported strong first-quarter 2026 earnings on May 5, 2026, attributed to renewable energy investments. On February 24, 2026, the company reported increased fourth-quarter and full-year 2025 earnings, positively impacted by electric investments. On August 15, 2025, MGE Energy increased its dividend for the 50th consecutive year.

Demand for MGE Energy's products and services exhibits seasonality, driven by heating and cooling needs. The company offers a budget payment plan to help customers manage energy costs. MGE also implements Time-of-Use (TOU) rates for electricity, with higher on-peak charges during the summer. The company has demand response programs like MGE Connect, which shift energy use during high demand.

MGE Energy, Inc. is a utility holding company based in Madison, Wisconsin, operating in the Electric Utilities and Diversified Utilities industries. Its main subsidiary, Madison Gas and Electric Co. (MGE), produces and distributes electricity and distributes natural gas in Wisconsin. MGE Energy generates electricity from renewable sources, natural gas, and coal, and offers energy efficiency programs and renewable energy solutions. Other subsidiaries include MGE Power, MGE Transco Investment, MGEE Transco, and Central Wisconsin Development Corp.

MGE Energy's primary geographic footprint is concentrated in south-central and western Wisconsin. Madison Gas and Electric Co. serves approximately 170,000 electric customers in Dane County, Wisconsin, and distributes natural gas to about 180,000 customers across seven south-central and western Wisconsin counties.

MGE Energy maintains a strong brand reputation through reliability and sustainability. Madison Gas and Electric (MGE) has ranked highly for electric reliability. MGE Energy is pursuing a clean energy transition, aiming for net-zero carbon electricity by 2050. The company emphasizes customer affordability and publishes Corporate Responsibility and Sustainability Reports.

MGE Energy, Inc. has significant institutional ownership, with 313 institutional owners and shareholders holding 58.96% of shares outstanding. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, and State Street Corp. BlackRock, Inc. is the largest shareholder with 16% of shares outstanding. Insiders own under 1% of MGE Energy, Inc.