MGE Energy, Inc. (MGEE)
Utilities · NMS
Price as at 30 Sept 2026, 21:12 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
MGE Energy, Inc. trades at $69.45, which is 80% below the $125.19 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 56 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 20.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MGEE dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.46 | 3 |
| 2025 | $1.85 | 4 |
| 2024 | $1.76 | 4 |
| 2023 | $1.67 | 4 |
| 2022 | $1.59 | 4 |
| 2021 | $1.52 | 4 |
| 2020 | $1.45 | 4 |
| 2019 | $1.38 | 4 |
| 2018 | $1.32 | 4 |
| 2017 | $1.26 | 4 |
| 2016 | $1.21 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
MGEE earnings and analyst estimates
Recommendation mix, 4 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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. has a strategic partnership with Realta Fusion Inc. and Madison Gas and Electric Company. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
MGEE passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
12 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$39.71M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$24.49M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$12.05M · 0.0% of book
- Paul Tudor Jones, TUDOR INVESTMENT CORP ET AL$10.13M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$9.75M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in MGEE
Trades in MGEE disclosed by members of Congress and executive-branch officials, latest first:
- Donald J Trump · Executive branchSell · $50,001 - $100,000 · traded 15 May 2026 · disclosed 1 Jul 2026
- Donald J Trump · Executive branchBuy · $15,001 - $50,000 · traded 30 Apr 2026 · disclosed 1 Jul 2026
- Donald J Trump · Executive branchSell · $15,001 - $50,000 · traded 29 Jul 2024 · disclosed 22 Sept 2026
- Donald J Trump · Executive branchBuy · $15,001 - $50,000 · traded 8 Jul 2024 · disclosed 22 Sept 2026
- Donald J Trump · Executive branchSell · $15,001 - $50,000 · traded 4 Jun 2024 · disclosed 22 Aug 2026
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
MGEE peers
The largest companies in the same industry (Utilities - Regulated Electric), then in the same sector.
- NEE NextEra Energy, Inc.
- NGG National Grid plc
- ES Eversource Energy
- HRNNF Hydro One Limited
- EVRG Evergy, Inc.
- EMA Emera Incorporated
- PNW Pinnacle West Capital Corporation
- OGE OGE Energy Corp.
Every utilities company we cover is on the Utilities hub.
Common questions
Is MGE Energy, Inc. (MGEE) undervalued?
Against our fair value estimate of $125.19, MGEE at $69.45 is 80% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own MGEE?
12 of the institutions we track reported a position in MGEE in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is MGEE's P/E ratio?
MGEE trades at 20.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does MGE Energy, Inc. (MGEE) pay a dividend?
Yes. MGE Energy, Inc. yields 2.34% at the current share price. It has paid $1.93 per share over the trailing twelve months. It has paid a dividend in each of the last 39 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its MGEE data?
Fundamentals for MGEE come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 21:12 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for MGEE, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.