MGE Energy, Inc. Website

MGE Energy, Inc.

NasdaqGS-MGEE

Company Overview

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources, as well as purchases power under short and long-term commitments. As of December 31, 2021, the company generated and distributed electricity to 159,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 169,000 customers in seven Wisconsin counties. MGE Energy, Inc.is headquartered in Madison, Wisconsin.

  • Name

    MGE Energy, Inc.

  • CEO

    Jeffrey Keebler

  • Website

    www.mgeenergy.com

  • Sector

    Electric Utilities

  • Year Founded

    2001

Company Statistics

Profile

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Bulls Say

  • Wisconsin is a favorable regulatory environment with a forward-looking test year and allowed returns above the national average.

  • The company's capital investment plans support our 7% annual earnings growth forecast.

  • MGE has numerous attractive growth opportunities across its business, particularly as it transitions away from coal through renewable energy investments.

Bears Say

  • MGE's large investment plan increases regulatory risk.

  • Regional economic growth opportunities might not materialize, lowering long-term growth investment opportunities, particularly with the company's lack of data center opportunities in its urban service territory.

  • As with all regulated utilities, rising interest rates will raise financing costs and could make MGE's dividend less attractive for income investors.

Source: Morningstar Analysis - Nov 06, 2025

What's happening

Nov 13, 2025 - Dec 13, 2025

MGE Energy Inc. Faces Market Headwinds Despite Strong Fundamentals

  • MGE Energy Inc. declared a quarterly dividend of $0.475 per share, but market reaction was negative due to concerns about future growth potential.
  • Insider buying activity from Dir Berbee indicated confidence in the company's prospects, yet it did not reverse the downward trend in stock price.
  • Despite underperforming against the S&P 500, MGE Energy Inc outperformed its peers in the Utilities sector by a significant margin.

Over the past month, MGE Energy Inc. (MGEE) experienced a decline of 4.6%, significantly lagging behind the S&P 500's modest drop of only 0.2%. This downturn was primarily driven by bearish sentiments surrounding MGEE's recent dividend declaration and earnings report released on December 1st. The company announced a quarterly dividend of $0.475 per share with a payout date set for December 15th; however, this announcement coincided with an unexpected drop in stock price despite MGEE's impressive track record of increasing dividends for 49 consecutive years and reporting strong operational performance metrics including an 18.24% net margin and revenue of $175.68 million for the quarter.

Investor skepticism regarding MGEE’s future growth potential emerged following these announcements, even though historical performance indicators suggested stability with an anticipated earnings projection of $3.84 per share for the upcoming year and a manageable payout ratio around 48.3%. The initial bearish sentiment on December 1st resulted in substantial price declines that day as investors expressed concerns over sustainability amid challenging economic conditions.

On December 9th, some positive momentum surfaced when insider Dir Berbee purchased shares worth $21,200 in MGEE, signaling internal confidence within leadership; however, this development failed to offset prior losses throughout the month as broader market dynamics continued to exert pressure on utility stocks like MGEE amidst fluctuating interest rates and inflationary pressures affecting sector valuations overall.

Despite these challenges faced by MGE Energy Inc., it is noteworthy that it outperformed its peers within the Utilities sector (XLU), surpassing them by an impressive margin of 47.8%. This indicates that while MGEE struggled against broader market indices like the S&P 500 during this timeframe—resulting in an underperformance relative to it by -4.3%—it managed to maintain relative strength compared to other companies within its industry segment.

NasdaqGS:MGEE