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MGE Energy (MGEE) AI Stock Analysis
MGE Energy
(NASDAQ:MGEE)
MGEE’s score is driven primarily by improving profitability and a stable utility balance sheet, tempered by persistently negative recent free cash flow. Technically, the stock shows a strong uptrend with positive momentum, while valuation is broadly reasonable with a supportive dividend. Corporate actions (liquidity extensions and dividend growth) add incremental strength.
MGE Energy (MGEE) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $2.96B
- Dividend Yield
- 2.47%
- Average Volume (3M)
- 171.71K
- Price to Earnings (P/E)
- 18.1
- Beta (1Y)
- 0.24
- Revenue Growth
- 8.04%
- EPS Growth
- 17.85%
- Country
- US
- Employees
- 726
- Sector
- General
- Sector Strength
- 55
- Industry
- Regulated Electric
MGE Energy Business Overview & Revenue Model
Company Description
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 G...
How the Company Makes Money
MGE Energy makes money primarily through regulated utility operations conducted by Madison Gas and Electric Company, where revenues are largely derived from charging customers for electricity and natural gas service under tariffed rates approved by s...
MGE Energy Financial Statement Overview
Summary
Profitability is solid and improving (higher net and gross margins and rising net income), and the balance sheet is stable for a regulated utility with moderate leverage and improving ROE. The main constraint is cash generation: free cash flow is materially negative in the most recent periods, implying heavier capex and potentially greater reliance on external funding if sustained.
Income Statement
78PositiveBalance Sheet
74PositiveCash Flow
52Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 783.85M | 743.65M | 676.94M | 690.43M | 714.52M | 606.58M |
| Gross Profit | 384.17M | 308.90M | 278.83M | 269.04M | 243.92M | 213.55M |
| EBITDA | 309.50M | 304.78M | 272.68M | 276.28M | 249.37M | 210.97M |
| Net Income | 161.49M | 135.89M | 120.57M | 117.70M | 110.95M | 105.76M |
Balance Sheet | ||||||
| Total Assets | 3.36B | 3.16B | 2.83B | 2.68B | 2.52B | 2.37B |
| Cash, Cash Equivalents and Short-Term Investments | 10.54M | 6.62M | 21.30M | 11.14M | 11.60M | 17.44M |
| Total Debt | 933.65M | 935.73M | 787.45M | 780.01M | 727.17M | 641.92M |
| Total Liabilities | 1.88B | 1.85B | 1.60B | 1.54B | 1.44B | 1.34B |
| Stockholders Equity | 1.48B | 1.30B | 1.23B | 1.14B | 1.08B | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | -104.30M | -79.99M | 40.86M | 15.49M | -21.30M | -15.64M |
| Operating Cash Flow | 275.52M | 263.23M | 277.78M | 237.56M | 153.74M | 137.53M |
| Investing Cash Flow | -385.86M | -350.56M | -241.49M | -230.02M | -180.15M | -156.97M |
| Financing Cash Flow | 110.21M | 71.57M | -26.83M | -10.48M | 25.54M | -8.76M |
MGE Energy Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MGEE, the sentiment is Positive. The current price of 78.36 is above the 20-day moving average (MA) of 73.20, above the 50-day MA of 73.50, and above the 200-day MA of 76.85, indicating a bullish trend. The MACD of 1.01 indicates Negative momentum. The RSI at 69.34 is Neutral, neither overbought nor oversold. The STOCH value of 71.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGEE.
MGE Energy Risk Analysis
MGE Energy disclosed 26 risk factors in its most recent earnings report. MGE Energy reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksMGE Energy Peers Comparison
Overall Rating
WEC73Outperform- MGEE72Outperform
XEL69Neutral
AEE66Neutral
LNT66Neutral
NWE60Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| WEC | 73Outperform | $38.86B | 21.32 | 12.81% | 3.17% | 8.14% | 4.57% |
| MGEE | 72Outperform | $2.93B | 18.10 | 11.59% | 2.47% | 8.04% | 17.85% |
| XEL | 69Neutral | $51.67B | 18.69 | 11.01% | 2.92% | 4.35% | 30.94% |
| AEE | 66Neutral | $31.31B | 19.45 | 11.70% | 2.62% | 3.76% | 25.15% |
| LNT | 66Neutral | $19.13B | 20.34 | 12.41% | 2.91% | 5.36% | 13.51% |
| NWE | 60Neutral | $5.04B | 30.72 | 5.66% | 3.26% | 10.09% | -24.61% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MGEE | MGE Energy Inc | 78.36 | -2.88 | -3.55% | |
| LNT | Alliant Energy Corporation | 73.44 | 8.51 | 13.10% | |
| AEE | Ameren Corporation | 112.81 | 11.36 | 11.19% | |
| NWE | Northwestern | 82.02 | 18.37 | 28.86% | |
| WEC | WEC Energy Group Inc | 118.32 | 9.62 | 8.85% | |
| XEL | Xcel Energy | 80.37 | 2.39 | 3.07% |
MGE Energy Corporate Events
MGE Energy Extends Credit Facilities to Support Liquidity
PositiveOn October 1, 2026, MGE Energy and Madison Gas and Electric Company amended and restated their existing credit agreements largely to extend maturities to October 1, 2031 and preserve prior terms. The move solidifies long-term liquidity for the group,...
MGE Energy Boosts Dividend, Extends 51-Year Growth Streak
PositiveOn August 21, 2026, MGE Energy announced that its board approved a 7.0% increase in the regular quarterly dividend to $0.5083 per share on its common stock, payable on September 15, 2026, to shareholders of record as of September 1, 2026. The move ra...
MGE Energy boosts earnings on renewable investment gains
PositiveOn August 5, 2026, MGE Energy, Inc. reported second-quarter 2026 GAAP earnings of $33.4 million, or $0.89 per share, up from $26.5 million, or $0.72 per share, a year earlier. Operating revenues for the quarter rose modestly to $161.2 million from $1...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 05, 2026