MGE Energy Inc (MGEE)

• Market cap: $3.28B
• 1 day: -0.98%
• 5 days: -0.34%
• 1 month: -1.77%
• 3 months: -4.77%
• 6 months: -2.69%
• Year to date: -3.52%
• 1 year: 15.88%
• 5 years: 35.50%
• 10 years: 108.48%
• Sector: Utilities
• Industry: Electric Utilities

About: MGE Energy provides electric service to 161,000 customers and natural gas service to 173,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings. MGE's generation mix is 40% coal, 21% renewable energy, 17% natural gas, and third-party purchased power.

Employees: 717

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

137% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 19

49% more repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 74

8% more funds holding

Funds holding: 267 [Q3] → 289 (+22) [Q4]

6% more capital invested

Capital invested by funds: $2.02B [Q3] → $2.14B (+$115M) [Q4]

1.63% more ownership

Funds ownership: 61.25% [Q3] → 62.88% (+1.63%) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $80 11% downside
• Avg. target: $80 11% downside
• High target: $80 11% downside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

Morgan Stanley Stephen Byrd 56% 1-year accuracy 60 / 108 met price target

11% downside $80

Underweight Maintained

20 Mar 2025