MGEE
MGE Energy, Inc.
MGEE's fundamentals are mixed, but it looks cheap: trading at 18x earnings, below its usual 25x. Analysts expect earnings growth.
MGEE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Weak | |
| Unavailable |
MGEE's profitability is currently strong, and its revenue is stable, but its cash flow is weak. There isn't enough data to rate its balance sheet.
MGEE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $79.17 | — |
| Forward | 19x | $79.17 | — |
| Cheap | 22x | $94.82 | +20% |
| Fair | 25x | $109 | +38% |
| Expensive | 28x | $120 | +51% |
Historical ranges are pointers, not guarantees.
MGEE's PE is in its cheap range at 18x. On analysts' estimates for next year's earnings, today's price would be 19x.
MGEE Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MGEE, with profitability improving.
MGEE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.22 | -2.4% |
| Q3 2026 | $4.33 | +17% |
| Q2 2026 | $4.07 | +13% |
| Q1 2026 | $3.90 | +10% |
| Q4 2025 | $3.72 | +12% |
| Q3 2025 | $3.69 | +13% |
| Q2 2025 | $3.60 | +13% |
| Q1 2025 | $3.54 | +6.6% |
| Q4 2024 | $3.33 | +2.5% |
MGEE's earnings per share have climbed steadily: $4.33 over the past year, up 17% from the year before, and higher year over year for eight quarters in a row.
MGEE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $190.4M | +8.4% |
| Q2 2026 | $161.2M | +1.1% |
| Q1 2026 | $242.7M | +11% |
| Q4 2025 | $189.6M | +11% |
| Q3 2025 | $175.7M | +4.3% |
| Q2 2025 | $159.5M | +9.4% |
| Q1 2025 | $219M | +14% |
| Q4 2024 | $171.4M | +4.1% |
MGEE's revenue has grown year over year for nine quarters in a row: $190M last quarter, up 8.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | +1.4 points |
| Q2 2026 | 20% | -1.2 points |
| Q1 2026 | 22% | -2.2 points |
| Q4 2025 | 17% | +1 points |
| Q3 2025 | 29% | +0.5 points |
| Q2 2025 | 21% | +1.1 points |
| Q1 2025 | 24% | +2.9 points |
| Q4 2024 | 16% | +1.4 points |
MGEE's operating margin was 31% last quarter, up 1.4 points from the same quarter a year ago, near the top of its range since 2019.
MGEE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.9M | +$60M |
| Q2 2026 | -$41.6M | -$33.6M |
| Q1 2026 | -$20.4M | -168% |
| Q4 2025 | -$53.1M | -$48.2M |
| Q3 2025 | -$49.1M | -282% |
| Q2 2025 | -$8M | -$5.8M |
| Q1 2025 | $30.2M | +44% |
| Q4 2024 | -$4.9M | +$23.3M |
MGEE has burned cash in six of the last eight quarters: −$104M over the past year, against −$32M the year before.
MGEE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +562K shares |
| 1 year | +3.9% | +1.4M shares |
| 3 years | +5.1% | +1.8M shares |
| 5 years | +5.1% | +1.8M shares |
| Available history | +9.7% | +3.4M shares |
MGEE has 38M diluted shares, up 3.9% from a year ago.
MGEE Net Leverage
MGEE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.7 | Neutral |
| Stochastic | 66.2 | Neutral |
MGEE's weekly RSI is 55 (neutral) and its Stochastic is 66 (neutral).
MGEE PE vs Utilities Sector
| Metric | MGEE | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 20x | 10% below |
| PE % | 2 | 44 | 42 pts below |
MGEE is trading at 18x earnings, a 10% discount to the Utilities sector's median of 20x.
MGEE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $73.8 | 7.3% above |
| 20 week MA | $77.4 | 2.4% above |
| 50 week MA | $77.9 | 1.6% above |
| 100 week MA | $83.0 | 4.6% below |
| 200 week MA | $80.7 | 1.8% below |
MGEE has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 1.8% below its 200-week average.
MGEE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $79.2 | $69.4 | -12% |
| 2021 | $69.4 | $78.8 | +14% |
| 2022 | $78.8 | $71.7 | -9.1% |
| 2023 | $71.7 | $72.3 | +0.9% |
| 2024 | $72.3 | $95.1 | +32% |
| 2025 | $95.1 | $78.4 | -18% |
| 2026 YTD | $78.4 | $79.2 | +1% |
MGEE has finished lower in three of the last six years. It's up 1% so far in 2026.