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MGEE

MGEE

Utilities · Utilities - Regulated Electric

$77.28+0.61%
Mkt Cap: $2.92BDY: 2.47%

Performance

MGEE (MGEE) Stock Analysis 2026

Rule-based · Updated daily · Not financial advice

MGEE (MGEE) operates in the Utilities - Regulated Electric space within the Utilities sector. With a market cap of $2.9B, it qualifies as a small-cap company. The company is growing revenue strongly while maintaining healthy profitability — a combination that investors typically reward with a premium valuation.

Bull Case4
  • Forward P/E (18.6×) is lower than trailing P/E (19.8×) — analysts expect earnings to improve
  • Revenue growth of 11% YoY shows solid business momentum
  • Healthy profit margin of 19.0%
  • Dividend yield of 2.47% provides consistent income on top of price appreciation
Bear Case1
  • High debt-to-equity of 69.74× increases financial risk, especially with elevated interest rates

Verdict

Strong Buy

Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.

AI Insight

Powered by Claude

AI-generated analysis for informational purposes only. Not financial advice.

Related Articles

Revenue & Results

Dividends

Current DY

2.47%

5Y Avg Annual

$1.5640

Last Payment

$0.4750

Ex-Date

06/01/2026

Annual dividends paid per share

2011
2019
2026
Ex-DatePaymentAmountEst. DY
Latest06/01/2026
06/15/2026$0.47502.46%
02/27/2026
03/13/2026$0.47502.46%
12/01/2025
12/15/2025$0.47502.46%
08/29/2025
09/12/2025$0.47502.46%
05/30/2025
06/13/2025$0.45002.33%
02/28/2025
03/14/2025$0.45002.33%
11/29/2024
12/13/2024$0.45002.33%
08/30/2024
09/13/2024$0.45002.33%

Magic Number

Shares needed to self-fund your next purchase

$77.28

Price

÷

$0.4750

Last div. (quarterly)

=

163

shares

Own 163 MGEE shares ($12,596.64) and each quarterly dividend pays for 1 new share — the snowball runs on its own.

Investment target

$12,596.64

New shares / year

+4 shares

If You Had Invested…

Hypothetical return based on historical prices

$

* Dividend reinvestment calculated at ex-date price. For informational purposes only.

Earnings

Next Earnings

Aug 5, 2026

50

days

EPS (TTM)

$3.90

P/E (TTM)

19.8

Fwd P/E

18.6

Earnings History

SEC EDGAR · official filings

SEC filings

SEC Filings

Official EDGAR documents

All filings

Key Statistics

Valuation

Market Cap$2.92B
P/E Ratio19.82
Forward P/E18.62
P/B Ratio
PEG Ratio4.12
EPS (TTM)$3.90

Trading

Open
Day High
Day Low
52W High$91.49
52W Low$72.16
Volume
Avg Volume (3M)297,892
Beta0.72

Dividends

Dividend Yield2.47%
Annual Rate$1.90
Ex-Div Date2026-06-01
Payout Ratio48.08%

Profitability

Profit Margin19.03%
Operating Margin23.50%
ROE10.95%
ROA3.81%
Revenue Growth10.80%
Earnings Growth15.90%

Balance Sheet

Total Revenue$750.39M
Total Debt$941.07M
Debt / Equity69.74
Current Ratio1.15
Free Cash Flow$-180,879,248

Fair Value Estimates

Current price: $77.28

Graham Number

√(22.5 × EPS × Book Value)

$56.76

-26.6% downside

Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.

Bazin Ceiling Price

Avg. Annual DPS (5Y) ÷ 6%

$27.95

-63.8% downside

Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.

These are simplified estimates. Not financial advice.

Buy & Hold Checklist

Quality criteria for long-term holding

9/10

90% score

Pays dividends

15Y hist.

15+ years of dividend history

Dividend consistency (5Y+)

15 yrs

Uninterrupted dividend payments for at least 5 years

ROE above 10%

10.9%

Return on equity — measures how efficiently capital is used

Positive profit margin

19.0%

Net profit margin must be positive — company earns more than it spends

Revenue growth (annual)

+10.8%

Annual revenue must be growing compared to the prior year

Earnings growth (annual)

+15.9%

Annual earnings must be growing compared to the prior year

Debt/Equity below 2×

69.74×

Low financial leverage reduces risk of distress

Current ratio above 1

1.15×

Short-term assets must cover short-term liabilities

Daily liquidity above $5M

$23M/day

High trading volume ensures easy entry and exit

Dividend yield above 0%

2.47%

Stock must distribute income to shareholders

Related Assets

Utilities

About MGEE

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.

Sector

Utilities

Industry

Utilities - Regulated Electric

Location

Madison, United States

Employees

726