MGE Energy IncMGEE
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: 719
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
42% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 24
21% more capital invested
Capital invested by funds: $1.68B [Q2] → $2.02B (+$344M) [Q3]
4% more funds holding
Funds holding: 255 [Q2] → 265 (+10) [Q3]
5% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 87
0.91% less ownership
Funds ownership: 62.14% [Q2] → 61.23% (-0.91%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Morgan Stanley Stephen Byrd 52% 1-year accuracy 58 / 111 met price target | 22%downside $74 | Underweight Maintained | 25 Sept 2024 |
Financial journalist opinion
