| Indicators | Browse All

MGE Energy, Inc. (MGEE)

Utilities | Utilities - Regulated Electric | Madison, United States | NasdaqGS
72.21 USD +0.93 (1.305%) ⇧ (Oct. 16, 2026, 3:20 p.m. EDT)
Short-term:★★☆☆☆Long-term:★★★⯪☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 4:53 a.m. EDT

MGE Energy presents a classic defensive dilemma: a fundamentally sound utility with a resilient balance sheet and a growing dividend, currently trading at a discount due to recent volatility and a failed earnings beat. The long-term outlook remains solid; the business generated strong revenue growth last year, and despite a single year of price decline, the multi-year trajectory is robust with a healthy return on equity. However, the short-term picture is murky. The stock has underperformed its moving averages, and the recent 7% drop following a stock offering has weighed on sentiment. Crucially, the options market is screaming caution, with massive put buying at lower strikes suggesting investors are bracing for a deeper correction. While the company is a quality asset, the timing feels wrong given the defensive positioning in the options chain and the recent price weakness.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.053808
AutoETS0.054595
AutoARIMA0.062283
AutoTheta0.083284

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 44%
H-stat 23.96
Ljung-Box p 0.000
Jarque-Bera p 0.003
Excess Kurtosis 0.90
Attribute Value
Sector Utilities
Ex Dividend Date 2026-08-31
Last Dividend Date 2026-08-31
Debt to Equity Ratio 64.863
Revenue per Share 20.462
Market Cap 2,728,383,488
Trailing P/E 17.74
Forward P/E 17.20
Beta 0.69
Profit Margins 19.90%
Website https://www.mgeenergy.com

As of Oct. 10, 2026, 4:53 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at the November expiration, creating a significant barrier around the $50 strike. This suggests a fear of a sharp downside move or a 'crash' scenario. Conversely, call interest is sparse and concentrated further out in February 2027 at strikes above the current price, indicating a lack of immediate bullish conviction despite the utility sector showing strength.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.66% 2.48% 2.26% 2.23%
Dividend History
Date Dividend Yield %
2026-09-01 0.508000 0.655907
2026-06-01 0.475000 0.654000
2026-02-27 0.475000 0.579127
2025-12-01 0.475000 0.592787
2025-08-29 0.475000 0.557839
2025-05-30 0.450000 0.498229
2025-02-28 0.450000 0.490303
2024-11-29 0.450000 0.431530
2024-08-30 0.450000 0.518971
2024-05-31 0.428000 0.534132
2024-02-29 0.428000 0.677322
2023-11-30 0.428000 0.580339
2023-08-31 0.428000 0.590915
2023-05-31 0.408000 0.568562
2023-02-28 0.408000 0.576434
2022-11-30 0.408000 0.566588
2022-08-31 0.408000 0.529733
2022-05-31 0.388000 0.488850
2022-02-28 0.388000 0.538739
2021-11-30 0.388000 0.534509
2021-08-31 0.388000 0.481748
2021-05-28 0.370000 0.493202
2021-02-26 0.370000 0.580848
2020-11-30 0.370000 0.538809
2020-08-31 0.370000 0.569318
2020-05-29 0.353000 0.519959
2020-02-27 0.353000 0.468232
2019-11-27 0.353000 0.453203
2019-08-29 0.353000 0.465638
2019-05-30 0.338000 0.516504
2019-02-28 0.338000 0.528786
2018-11-29 0.338000 0.523787
2018-08-30 0.338000 0.514851
2018-05-31 0.323000 0.541492
2018-02-28 0.323000 0.615238
2017-11-30 0.323000 0.489394
2017-08-30 0.323000 0.507064
2017-05-30 0.308000 0.475309
2017-02-27 0.308000 0.476043
2016-11-29 0.308000 0.503679
2016-08-30 0.308000 0.562249
2016-05-27 0.295000 0.572038
2016-02-26 0.295000 0.599106
2015-11-27 0.295000 0.691676
2015-08-28 0.295000 0.764249
2015-05-28 0.283000 0.724526
2015-02-25 0.283000 0.656156
2014-11-26 0.283000 0.639982
2014-08-27 0.283000 0.703980
2014-05-28 0.272000 0.724175
2014-02-26 0.272000 0.707228
2013-11-26 0.272000 0.731576
2013-08-28 0.272000 0.765478
2013-05-29 0.263333 0.737627
2013-02-27 0.263333 0.737903
2012-11-28 0.263333 0.793650
2012-08-29 0.263333 0.785912
2012-05-30 0.255333 0.856247
2012-02-28 0.255333 0.862029
2011-11-29 0.255333 0.899905
2011-08-30 0.255333 0.904367
2011-05-27 0.250000 0.913520
2011-02-25 0.250000 0.917768
2010-11-29 0.250000 0.897989
2010-08-30 0.250000 1.019576
2010-05-27 0.245333 1.042196
2010-02-25 0.245333 1.084584
2009-11-27 0.245333 1.074137
2009-08-28 0.245333 1.022221
2009-05-28 0.241333 1.176469
2009-02-25 0.241333 1.215988
2008-11-26 0.241333 1.035468
2008-08-27 0.241333 1.057550
2008-05-28 0.236667 1.045041
2008-02-27 0.236667 1.086625
2007-11-28 0.236667 0.988034
2007-08-29 0.236667 1.071861
2007-05-30 0.232000 1.035098
2007-02-27 0.232000 1.028065
2006-11-29 0.232000 1.023229
2006-08-30 0.232000 1.045673
2006-05-30 0.230000 1.125245
2006-02-27 0.230000 1.011730
2005-11-29 0.230000 0.995671
2005-08-30 0.230000 0.964226
2005-05-27 0.228000 0.958520
2005-02-25 0.228000 0.941889
2004-11-29 0.228000 0.990156
2004-08-30 0.228000 1.081936
2004-05-27 0.225333 1.121060
2004-02-26 0.225333 1.089969
2003-11-26 0.225333 1.034587
2003-08-27 0.225333 1.073014
2003-05-28 0.224000 1.083871
2003-03-04 0.224000 1.255136
2002-11-26 0.224000 1.224044
2002-08-28 0.224000 1.243523
2002-05-29 0.222000 1.228782
2002-02-27 0.222000 1.255656
2001-11-28 0.222000 1.285714
2001-08-29 0.222000 1.347087
2001-05-30 0.220667 1.383781
2001-02-27 0.220667 1.471113
2000-11-29 0.220667 1.517481
2000-08-30 0.220667 1.665411
2000-05-30 0.218667 1.720658
2000-02-28 0.216667 1.843974
1999-11-29 0.216667 1.733336
1999-08-30 0.216667 1.520470
1999-05-27 0.216667 1.494255
1999-02-25 0.216667 1.614909
1998-11-27 0.216667 1.436466
1998-08-28 0.216667 1.413046
1998-05-28 0.214667 1.489020
1998-02-25 0.214667 1.431113
1997-11-26 0.214667 1.600002
1997-08-27 0.214667 1.590126
1997-05-28 0.213333 1.570550
1997-02-26 0.213333 1.488370
1996-11-26 0.213333 1.497074
1996-08-28 0.213333 1.391302
1996-05-29 0.212000 1.318135
1996-02-28 0.210000 1.177570
1995-11-29 0.211111 1.444866
1995-08-30 0.211111 1.439393
1995-05-25 0.208889 1.516130
1995-02-23 0.208889 1.480316
1994-11-25 0.208889 1.446155
1994-08-26 0.208889 1.446155
1994-05-25 0.206667 1.414451
1994-02-23 0.206667 1.500002
1993-11-24 0.206667 1.398499
1993-08-26 0.206667 1.338132
1993-05-25 0.202222 1.318839
1993-02-23 0.202222 1.389311
1992-11-24 0.202222 1.479673
1992-08-26 0.202222 1.399999
1992-05-26 0.195556 1.442626
1992-02-24 0.195556 1.430898
1991-12-26 0.195556 1.474864
1991-11-22 0.195556 1.517245
1991-08-26 0.195556 1.676194
1991-05-24 0.192593 1.756760
1991-02-25 0.192593 1.818186
1990-11-26 0.192593 1.911769
1990-08-27 0.192593 1.984737
1990-05-25 0.189630 1.969235
1990-02-23 0.189630 1.910451
1989-11-27 0.189630 1.828575
1989-08-28 0.189630 1.777781
1989-05-25 0.183704 1.687077
1989-02-23 0.183704 2.032790
1988-11-25 0.183704 1.991971
1988-08-26 0.183704 2.000003
1988-05-25 0.179259 1.951610
1988-02-24 0.179259 1.920632
1987-11-24 0.179259 1.905509
1987-08-26 0.179259 1.766421
1987-05-26 0.174815 1.801529
1987-02-26 0.174815 1.661973
Additional Data
dividendRate 2.03
dividendYield 2.85
exDividendDate 2026-09-01
trailingAnnualDividendRate 1.9
trailingAnnualDividendYield 0.026655443
lastDividendValue 0.508
lastDividendDate 2026-09-01
dividendDate 2026-09-15

Info Dump

Attribute Value
52 Week Change -0.1545487
Address1 133 South Blair Street
All Time High 109.22
All Time Low 3.444444
Ask 92.58
Ask Size 2
Audit Risk 2
Average Analyst Rating 2.8 - Hold
Average Daily Volume10 Day 160,870
Average Daily Volume3 Month 178,787
Average Volume 178,787
Average Volume10Days 160,870
Beta 0.689
Bid 51.71
Bid Size 2
Board Risk 3
Book Value 38.128
City Madison
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 72.21
Current Ratio 1.137
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 72.305
Day Low 70.57
Debt To Equity 64.863
Display Name MGE Energy
Dividend Date 1,789,430,400
Dividend Rate 2.03
Dividend Yield 2.85
Earnings Growth 0.236
Earnings Quarterly Growth 0.259
Earnings Timestamp 1,785,956,400
Earnings Timestamp End 1,793,818,800
Earnings Timestamp Start 1,793,818,800
Ebitda 288,320,000
Ebitda Margins 0.38334
Enterprise To Ebitda 12.524
Enterprise To Revenue 4.801
Enterprise Value 3,610,986,496
Eps Current Year 3.98502
Eps Forward 4.19806
Eps Trailing Twelve Months 4.07
Esg Populated 0
Ex Dividend Date 1,788,220,800
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 75.5088
Fifty Day Average Change -3.2987976
Fifty Day Average Change Percent -0.043687593
Fifty Two Week Change Percent -15.45487
Fifty Two Week High 87.94
Fifty Two Week High Change -15.730003
Fifty Two Week High Change Percent -0.17887199
Fifty Two Week Low 68.01
Fifty Two Week Low Change 4.199997
Fifty Two Week Low Change Percent 0.06175558
Fifty Two Week Range 68.01 - 87.94
Financial Currency USD
First Trade Date Milliseconds 322,151,400,000
Five Year Avg Dividend Yield 2.13
Float Shares 37,663,481
Forward Eps 4.19806
Forward P E 17.200802
Free Cashflow -206,614,256
Full Exchange Name NasdaqGS
Full Time Employees 726
Fullday Change 0.9300003
Fullday Change Percent 1.3047142
Fullday Price 72.21
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.41184
Gross Profits 309,758,016
Has Pre Post Market Data 1
Held Percent Insiders 0.00329
Held Percent Institutions 0.70314
Implied Shares Outstanding 37,784,012
Industry Utilities - Regulated Electric
Industry Disp Utilities - Regulated Electric
Industry Key utilities-regulated-electric
Ir Website http://www.mgeenergy.com/stock/
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,788,220,800
Last Dividend Value 0.508
Last Fiscal Year End 1,767,139,200
Last Split Date 1,391,990,400
Last Split Factor 3:2
Long Business Summary 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.
Long Name MGE Energy, Inc.
Market us_market
Market Cap 2,728,383,488
Market State REGULAR
Max Age 86,400
Message Board Id finmb_285723
Most Recent Quarter 1,782,777,600
Net Income To Common 149,632,992
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 2,745,764,152
Number Of Analyst Opinions 6
Open 71.74
Operating Cashflow 278,108,992
Operating Margins 0.22672
Overall Risk 2
Payout Ratio 0.4668
Peg Ratio 4.12
Phone 608 252 7000
Previous Close 71.28
Price Eps Current Year 18.120361
Price Hint 2
Price To Book 1.8938838
Price To Sales Trailing12 Months 3.6275425
Profit Margins 0.19895001
Quick Ratio 0.557
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.83333
Region US
Regular Market Change 0.9300003
Regular Market Change Percent 1.3047142
Regular Market Day High 72.305
Regular Market Day Low 70.57
Regular Market Day Range 70.57 - 72.305
Regular Market Open 71.74
Regular Market Previous Close 71.28
Regular Market Price 72.21
Regular Market Time 1,792,178,424
Regular Market Volume 60,779
Return On Assets 0.03715
Return On Equity 0.110410005
Revenue Growth 0.011
Revenue Per Share 20.462
Sand P52 Week Change 0.16207206
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 3
Shares Outstanding 37,784,012
Shares Percent Shares Out 0.0425
Shares Short 1,605,021
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 1,734,366
Short Name MGE Energy Inc.
Short Percent Of Float 0.0584
Short Ratio 8.03
Source Interval 15
State WI
Symbol MGEE
Target High Price 81.0
Target Low Price 71.0
Target Mean Price 76.66667
Target Median Price 76.5
Total Cash 16,621,000
Total Cash Per Share 0.44
Total Debt 934,363,008
Total Revenue 752,129,984
Tradeable 0
Trailing Annual Dividend Rate 1.9
Trailing Annual Dividend Yield 0.026655443
Trailing Eps 4.07
Trailing P E 17.742014
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 77.8862
Two Hundred Day Average Change -5.676201
Two Hundred Day Average Change Percent -0.07287813
Type Disp Equity
Volume 60,779
Website https://www.mgeenergy.com
Zip 53,788