MGE Energy, Inc. logo

MGE Energy, Inc.

MGEE

NASDAQUtilitiesRegulated Electric

Previous close

$78.66

−$1.82 · -2.26%

Aug 21, 4:00 PM ET

MGEE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

72

Undervalued

Momentum

43

Neutral

Sentiment

63

Bullish

Risk resilience

77

Moderate Risk

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Company profile

Company website

MGE Energy, Inc. operates as a public utility holding company, primarily conducting its business in Wisconsin through various subsidiary entities. The company's operations are divided into several key segments: Regulated Electric Utility, Regulated Gas Utility, Nonregulated Energy, Transmission Investments, and an "All Other" category. Its core activities involve the generation, acquisition, and delivery of electricity, utilizing owned or leased power generation facilities situated in both Wisconsin and Iowa. Furthermore, MGE Energy undertakes the planning, construction, operation, maintenance, and expansion of transmission infrastructure to provide essential transmission services. The company's electricity generation portfolio includes coal-fired, gas-fired, and renewable energy sources, supplemented by power purchased under both short-term and long-term agreements. As of December 31, 2021, MGE Energy was supplying electricity to 159,000 customers in Dane County, Wisconsin, and distributing natural gas to 169,000 customers across seven Wisconsin counties. The company maintains its corporate headquarters in Madison, Wisconsin.

Industry
Regulated Electric
Sector
Utilities
Headquarters
US
CEO
Jeffrey Keebler
Listed since
Mar 17, 1980
Employees
726

Market position

Day range

Current $78.66

52-week range

Current $78.66

Open
$81.255
Previous close
$80.48
Volume
119.34K
0.43× average
Average volume
274.56K
Average daily volume
Market cap
2.97B USD
Beta
0.71
Market reference 1
50-day average
$80.3938
-2.16% below average
200-day average
$79.2578
-0.75% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
19.37×
P/B (TTM)
2.04×
P/S (TTM)
3.86×
Dividend yield
2.42%

Profitability & efficiency

Gross margin
85.41%
Operating margin
22.02%
Net margin
19.45%

Financial health

Debt / equity
0.62×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends105%73%40%7%Gross margin, FY2021: 35.21%Gross margin, FY2022: 34.14%Gross margin, FY2023: 38.97%Gross margin, FY2024: 41.19%Gross margin, FY2025: 97.31%Operating margin, FY2021: 19.34%Operating margin, FY2022: 19.28%Operating margin, FY2023: 21.20%Operating margin, FY2024: 21.61%Operating margin, FY2025: 22.95%Net margin, FY2021: 17.44%Net margin, FY2022: 15.53%Net margin, FY2023: 17.05%Net margin, FY2024: 17.81%Net margin, FY2025: 18.27%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 35.21%. Gross margin FY2022 34.14%. Gross margin FY2023 38.97%. Gross margin FY2024 41.19%. Gross margin FY2025 97.31%. Operating margin FY2021 19.34%. Operating margin FY2022 19.28%. Operating margin FY2023 21.20%. Operating margin FY2024 21.61%. Operating margin FY2025 22.95%. Net margin FY2021 17.44%. Net margin FY2022 15.53%. Net margin FY2023 17.05%. Net margin FY2024 17.81%. Net margin FY2025 18.27%.

Income trends

Revenue

743.65M USD+9.85%

Operating income

170.65M USD+16.68%

Net income

135.89M USD+12.71%
Income trends across reported periods807.44M USD552.29M USD297.13M USD41.97M USDRevenue, FY2021: 606.58M USDRevenue, FY2022: 714.52M USDRevenue, FY2023: 690.43M USDRevenue, FY2024: 676.94M USDRevenue, FY2025: 743.65M USDOperating income, FY2021: 117.29M USDOperating income, FY2022: 137.74M USDOperating income, FY2023: 146.39M USDOperating income, FY2024: 146.26M USDOperating income, FY2025: 170.65M USDNet income, FY2021: 105.76M USDNet income, FY2022: 110.95M USDNet income, FY2023: 117.7M USDNet income, FY2024: 120.57M USDNet income, FY2025: 135.89M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 606.58M USD. Revenue FY2022 714.52M USD. Revenue FY2023 690.43M USD. Revenue FY2024 676.94M USD. Revenue FY2025 743.65M USD. Operating income FY2021 117.29M USD. Operating income FY2022 137.74M USD. Operating income FY2023 146.39M USD. Operating income FY2024 146.26M USD. Operating income FY2025 170.65M USD. Net income FY2021 105.76M USD. Net income FY2022 110.95M USD. Net income FY2023 117.7M USD. Net income FY2024 120.57M USD. Net income FY2025 135.89M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue743.65M USD676.94M USD690.43M USD714.52M USD606.58M USD
Cost of goods sold20M USD398.12M USD421.39M USD470.6M USD393.03M USD
Gross profit723.65M USD278.83M USD269.04M USD243.92M USD213.55M USD
Operating expenses553M USD132.57M USD122.66M USD106.18M USD96.26M USD
Interest expense33.8M USD32.93M USD30.43M USD26.65M USD24.11M USD
Depreciation and amortization114.32M USD108.58M USD100.35M USD85.55M USD76.98M USD
Operating income170.65M USD146.26M USD146.39M USD137.74M USD117.29M USD
Net income135.89M USD120.57M USD117.7M USD110.95M USD105.76M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

4 ratings

Limited analyst sample: 4 ratings. Interpret the distribution with caution.

Strong buy00%
Buy125%
Hold250%
Sell125%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.85

2025 complete year+22.1% since 2021

2026 partial: $0.95

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 1, 2026

$0.475

Quarterly

Record Jun 1, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Feb 27, 2026

$0.475

Quarterly

Record Mar 1, 2026 · Payment Mar 15, 2026

Dividend

Ex-dividend Dec 1, 2025

$0.475

Quarterly

Record Dec 1, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Aug 29, 2025

$0.475

Quarterly

Record Sep 1, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend May 30, 2025

$0.45

Quarterly

Record Jun 1, 2025 · Payment Jun 15, 2025

Dividend

Ex-dividend Feb 28, 2025

$0.45

Quarterly

Record Mar 1, 2025 · Payment Mar 15, 2025

MGEE peers

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