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UtilitiesNMSUSD

MGE Energy, Inc.

$0012345678900123456789.0012345678900123456789+6.6%
52w low (est.) $65.97$102.93 52w high (est.)
Market data
Market cap
USD3.04B
52-week range
USD72.16 – USD89.50
Beta (vs market)
0.71
Sector
Utilities
Data quality
100/100
Valuation
P/E ratio
20.8x
DCF fair value
USD125.19
Margin of safety
+52.7%
Forward P/E
19.4x
PEG ratio
4.12
Dividend yield
2.34%
Quality & efficiency
Moat score
56/100
Return on equity
10.9%
Profit margin
19.0%
Debt / equity
0.70
Growth & analysts
Revenue growth (YoY)
+10.8%
Analyst target
USD77.25
Target upside
-5.8%
Analysts covering
4

About MGE Energy, Inc.

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources and provides solar and wind generation, and battery storage services. As of December 31, 2025, the company owned and operated 811 miles of overhead electric distribution lines; 1,386 miles of underground electric distribution cables; 47 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,117 miles of distribution mains, as well as supplied electric service to approximately 170,000 customers. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.

Valuation

ValueGrowthProfitHealthIncome62QUALITY
Overall Rating
75
Strong Buy
Strong Buy

Derived from filed metrics · High confidence (100% of the inputs available)

Moat Score56
DCF Intrinsic Value
USD125.19+52.7% upside

Moat, DCF and rating computed by our valuation engine (ported from the original Python model).

Fundamentals

Market Cap
USD3.04B
P/E Ratio
20.8
Dividend Yield
2.34%
Revenue Growth
+10.8%
Profit Margin
19.0%
ROE
10.9%
Debt / Equity
0.70
Beta
0.71
vs Utilities sector:P/E 21 vs 21 · cheaperMoat 56 vs 1Yield 2.34% vs 0.1%

Statistics

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