NASDAQ: MGEE

MGE Energy (MGEE) Stock Analysis & Forecast

Oct 12 close

$70.66+0.44 (+0.6%)

Gekko Brief

AI summaryOct 12 close

This week MGE Energy was upgraded by Wall Street Zen from a "sell" to a "hold" rating, aligning with the broader analyst consensus and an average price target of $76, with a prior quarter showing EPS of $0.89 against a $0.77 consensus though revenue of $161.19 million fell short of estimates. Separately, MGE Energy and its subsidiary Madison Gas and Electric Company amended their long-term revolving credit agreements, extending maturities to 2031, with potential to 2033, and increasing the facility from $90 million to $210 million.

MGEE closed at $70.66, up 0.6%, sitting below both its 50-day average of $76.03 and 200-day average of $78.00, with the 50-day below the 200-day. The stock's one-month return stands at -7.6%, its three-month at -12.9%, and its one-year at -16.2%, against a 52-week range of $68.01 to $87.94. The GekkoIndex reads 64.5, placing MGEE in the Accumulation zone, though the reading has slipped 5 points over five periods. Price sits 7.5% above Gekko Fair Value of $65.74.

Earnings are scheduled for 4 November 2026, 22 days out, falling inside a typical 20-trading-day holding window; the prior quarter missed estimates with EPS of $0.64 against $0.66 and saw a -0.2% reaction, while two of the last eight quarters beat estimates with an average absolute reaction of 1.6%. No insider, Congress, or unusual options activity appears in the respective 90-day and 30-day windows. Seasonality from this point in the calendar has averaged +3.6% over the next 20 trading days across 5 years, rising in 4 of them. Analyst consensus targets $76.80, implying 8.7% upside.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

MGE Energy price vs fair value

$70.66$65.74Oct ’25Apr ’26Oct ’26
Close $70.66200-day averageGekko Fair Value $65.74

MGE Energy quick facts

Market cap
$2.67B
P/E ratio
17.3
Forward P/E
25.3
EPS, TTM
$4.09
Revenue, TTM
$752.1M
Profit margin
19.9%
Dividend yield
2.70%
Beta
0.69
Volume
138,349 avg 221,200
1-year return
−16.2%
Typical daily move
±2.2%
Typical 20-day move
±3.6%
50-day average
$76.03
200-day average
$78.00
Next earnings
Nov 4
Shares outstanding
37.75M
52-week range
$68.01$87.94

MGE Energy swing-trade checklist

MGE Energy scores 2 supportive, 0 mixed and 3 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive0 mixed3 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $70.66 is below the 50-day ($76.03) and 200-day ($78.00) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    64.5, Accumulation

    Reading 64.5 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valueheadwind

    7.5% above

    Price is 7.5% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 23 days

    Reports on Nov 4, 2026, 23 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +3.6% on average

    From this point in the calendar, the next 20 trading days averaged +3.6% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

MGE Energy stock chart and price history

MGE Energy closed at $70.66 on Oct 12, 2026, −16.2% over the past year, inside a 52-week range of $68.01 to $87.94.

Close50-day average200-day averageVolume
MGE Energy share price, past year, with 50-day and 200-day moving averages and volume$75$80$85NovDecJan 2026FebMarAprMayJunJulAugSepOct70.66

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−7.6%
3 months
−12.9%
6 months
−11.5%
1 year
−16.2%
The full MGEE chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MGEE in Gekko

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About MGE Energy

MGE Energy functions as a holding company for a group of utility businesses based mainly in Wisconsin. Through its subsidiaries it generates and delivers electricity and also supplies natural gas, drawing on a mix of coal-fired, gas-fired and renewable generating sources along with power bought under short and long term contracts. It is perhaps best recognized for serving households and businesses in and around Dane County with electricity and gas service.

The company's work is split across several segments, covering regulated electric service, regulated gas service, nonregulated energy activities, investments in transmission infrastructure, and other remaining operations. Beyond producing power, it plans, builds, maintains and expands transmission lines that move electricity to its service territory. As of the end of 2021, it supplied electricity to roughly 159,000 customers in Dane County, Wisconsin, and provided natural gas to about 169,000 customers spread across seven counties in the state.

MGE Energy is headquartered in Madison, Wisconsin, with its generation assets located in both Wisconsin and Iowa. Its shares trade on the NASDAQ under the ticker MGEE.

Listed
NASDAQ
Sector
Utilities
Industry
Electric utilities
Website
mgeenergy.com

MGE Energy GekkoIndex: the smart money zone

MGE Energy’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 64.5, in the Accumulation zone, down 5 points over five sessions.

010064.5Accumulation

Down 5 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying40−0.1%+0.1%+4.8%+10.2%
Accumulation (current zone)249+0.3%+0.5%+1.3%+2.0%
Neutral361+0.1%+0.1%−0.2%−0.1%
Distribution30−0.9%−1.0%−1.5%−0.9%
Selling2Too few readings yet

Average MGEE share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the MGEE price, zone by zone.Track MGEE in Gekko

Is MGE Energy stock overvalued? Gekko Fair Value

MGE Energy trades 7.5% above Gekko Fair Value of $65.74, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what MGE Energy shares are worth, recalculated every trading day.

$65.74

Gekko Fair Value, Oct 10, 2026

7.5% Overvalued

At the end of Aug 2026 the price was 11.0% above the estimate.

Gekko Fair ValueShare price, month end
$66$70Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open MGEE in Gekko

MGE Energy insider and Congress trading

No open-market insider purchases were filed for MGE Energy, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for MGEE in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every MGEE insider filing, plotted on the chart in Gekko.Open MGEE in Gekko

Congress trades last 90 days

No trades in MGEE were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for MGEE, plotted on the chart in Gekko.Open MGEE in Gekko

MGE Energy earnings: next date and track record

MGE Energy reports on Nov 4, 2026 (23 days away), and beat the EPS estimate in 2 of its last 8 reports.

2 of 8reports beat the EPS estimate
±1.6%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+2.3%May ’24−0.9%Aug ’24+7.2%Nov ’24+0.3%Feb ’25−1.2%May ’25−0.5%Aug ’25+0.3%Nov ’25−0.2%Feb ’26
ReportedEPSSurpriseRevenueSurpriseMove
Feb 25, 2026$0.64
est $0.66
−3.0%$189.6M
est $179.8M
+5.4%−0.2%
Nov 5, 2025$1.22
est $1.19
+2.5%$175.7M—+0.3%
Aug 6, 2025$0.72
est $0.73
−1.4%$159.5M—−0.5%
May 7, 2025$1.14
est $0.98
+16.3%$219.0M—−1.2%
Feb 25, 2025$0.61
est $0.64
−4.7%$171.4M—+0.3%
Nov 6, 2024$1.13
est $1.17
−3.4%$168.5M—+7.2%
Aug 7, 2024$0.66
est $0.94
−29.8%$145.7M—−0.9%
May 8, 2024$0.93
est $0.93
0.0%$191.3M—+2.3%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

MGE Energy stock forecast and analyst price targets

Analysts’ average 12-month price target for MGE Energy is $76.80, +8.7% from the last close, from 2 firms rating the stock in the last 90 days.

$76.80consensus 12-month target, +8.7% from the last close
Low $71High $76
Buy0
Hold1
Sell1

Each firm’s latest rating in the last 90 days: 2 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 24Bank of America SecuritiesHold, initiated$76+7.6%
Sep 21Morgan StanleySell, reiterated$71+0.5%
Sep 18Morgan StanleySell, reiterated$71+0.5%
Aug 21Morgan StanleySell, reiterated$74+4.7%
Jul 22Morgan StanleySell, reiterated$76+7.6%
+1.3%average 20-day move after past Accumulation readings
+3.6%average move over the next 20 trading days in the last 5 years
±2.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

MGE Energy seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, MGE Energy averaged +3.6% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+5.1%2021+5.3%2022+1.2%2023+8.6%2024−1.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.5%3 of 5
Next 10 trading days+1.5%4 of 5
Next 15 trading days+1.8%3 of 5
Next 20 trading days+3.6%4 of 5
Next 30 trading days+6.3%4 of 5

For scale, MGEE’s typical 20-trading-day move in either direction is about 3.6%.

MGE Energy market cap and key statistics

MGE Energy’s market cap is $2.67B, with a P/E ratio of 17.3 and revenue of $752.1M over the last twelve months.

Valuation

Market cap
$2.67B
P/E ratio
17.3
Forward P/E
25.3
EPS, TTM
$4.09
Gekko Fair Value
$65.74

Trading

Volume
138,349
Avg volume, 20 days
221,200
52-week high
$87.94
52-week low
$68.01
Shares outstanding
37.75M

Financials

Revenue, TTM
$752.1M
Profit margin
19.9%
Return on equity
11%
Quarterly earnings growth, YoY
+23.6%

Risk and income

Beta
0.69
Typical daily move
±2.2%
Typical 20-day move
±3.6%
Dividend yield
2.70%

MGE Energy stock news this week

Coverage of MGE Energy this week reads positive: 2 positive, 1 neutral and 0 negative headlines.

News sentiment positive

MGE Energy peers

MGE Energy’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NEENextEra Energy+1.3%Accumulation20.2% below
CEGConstellation Energy−2.1%Neutral16.5% above
SOSouthern+1.0%Neutral8.8% above
DUKDuke Energy+0.8%Neutral4.8% above
AEPAmerican Electric Power+0.8%Neutral12.1% above
DDominion Energy+1.3%Accumulation8.0% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

MGE Energy stock FAQ

What is MGE Energy’s market cap?

MGE Energy’s market cap is $2.67B at the Oct 12, 2026 close of $70.66, with 37.75M shares outstanding. The shares trade on a P/E ratio of 17.3.

What is the MGE Energy stock forecast?

The consensus analyst 12-month price target for MGE Energy is $76.80, +8.7% from the last close. Of the 2 firms that rated the stock in the last 90 days, 0 rate it a buy, 1 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.

Is MGE Energy stock overvalued or undervalued?

On Gekko’s estimate MGE Energy is overvalued: the Oct 12, 2026 close of $70.66 is 7.5% above Gekko Fair Value of $65.74. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does MGE Energy report earnings next?

MGE Energy is expected to report on Nov 4, 2026 (23 days away). Analysts expect earnings of $1.18 per share on revenue of $187.4M. MGE Energy beat the earnings estimate in 2 of its last 8 reports, moving 1.6% on average across the report.

What is MGE Energy’s 52-week high and low?

MGE Energy’s 52-week high is $87.94 and its 52-week low is $68.01; it closed at $70.66 on Oct 12, 2026, −16.2% over the past year. Over the last five years the shares peaked at $109.22 on Nov 13, 2024.

Is MGE Energy stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (gekkoindex and seasonality) and 3 as headwinds (trend, fair value and earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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