(MGEE) MGE Energy - Overview
Stock: Electricity, Natural Gas, Renewable Energy, Transmission Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.15% |
| Yield on Cost 5y | 3.99% |
| Yield CAGR 5y | 5.18% |
| Payout Consistency | 33.3% |
| Payout Ratio | 60.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 21.4% |
| Relative Tail Risk | -4.46% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.77 |
| Alpha | -17.16 |
| Character TTM | |
|---|---|
| Beta | 0.247 |
| Beta Downside | 0.200 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.48% |
| CAGR/Max DD | 0.22 |
Description: MGEE MGE Energy January 11, 2026
MGE Energy Inc. (NASDAQ: MGEE) is a Wisconsin-based public-utility holding company that operates regulated electric and gas utilities, non-regulated energy assets, and transmission investments. Through its subsidiaries it generates, purchases, and distributes electricity and natural gas, maintains 825 mi of overhead and 1,359 mi of underground electric distribution lines, operates 48 substations with 1.2 million kVA capacity, and serves roughly 167 k electric customers. Its generation mix includes coal, natural-gas, solar, wind, and battery storage, and it owns 3,092 mi of gas distribution mains.
Key quantitative points (2023-2024 filings):
• Adjusted EBITDA of $210 million, reflecting a ~6 % YoY increase driven by higher regulated rate base and modest renewable-energy growth.
• Dividend yield of ~3.4 % with a payout ratio of ~70 % of earnings, consistent with the utility sector’s focus on stable cash flow.
• Renewable capacity expansion of ~120 MW in 2024 (mainly solar and battery storage), aligning with state-level clean-energy mandates and the broader utility transition toward decarbonization.
Sector drivers that materially affect MGEE’s outlook include: the pace of state-mandated renewable-energy targets in the Midwest, the trajectory of interest rates (which influence utility debt financing costs and regulated return on equity), and the competitive dynamics of regional transmission organizations that shape wholesale power pricing.
For a deeper, data-rich view of MGEE’s valuation and risk profile, the ValueRay platform offers a concise analyst toolkit worth exploring.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 134.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -3.49 > 1.0 |
| NWC/Revenue: -2.77% < 20% (prev 9.06%; Δ -11.83% < -1%) |
| CFO/TA 0.10 > 3% & CFO 296.7m > Net Income 134.6m |
| Net Debt (830.6m) to EBITDA (300.1m): 2.77 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.6m) vs 12m ago 1.01% < -2% |
| Gross Margin: 56.13% > 18% (prev 0.41%; Δ 5572 % > 0.5%) |
| Asset Turnover: 25.28% > 50% (prev 24.38%; Δ 0.90% > 0%) |
| Interest Coverage Ratio: 5.69 > 6 (EBITDA TTM 300.1m / Interest Expense TTM 32.9m) |
Altman Z'' 1.83
| A: -0.01 (Total Current Assets 195.0m - Total Current Liabilities 215.1m) / Total Assets 2.99b |
| B: 0.28 (Retained Earnings 826.5m / Total Assets 2.99b) |
| C: 0.07 (EBIT TTM 187.3m / Avg Total Assets 2.87b) |
| D: 0.51 (Book Value of Equity 863.0m / Total Liabilities 1.69b) |
| Altman-Z'' Score: 1.83 = BBB |
Beneish M -3.58
| DSRI: 0.88 (Receivables 81.2m/85.3m, Revenue 725.5m/670.2m) |
| GMI: 0.72 (GM 56.13% / 40.62%) |
| AQI: 0.65 (AQ_t 0.11 / AQ_t-1 0.17) |
| SGI: 1.08 (Revenue 725.5m / 670.2m) |
| TATA: -0.05 (NI 134.6m - CFO 296.7m) / TA 2.99b) |
| Beneish M-Score: -3.58 (Cap -4..+1) = AAA |
What is the price of MGEE shares?
Over the past week, the price has changed by -0.38%, over one month by +1.75%, over three months by -4.21% and over the past year by -10.71%.
Is MGEE a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 0
- Sell: 1
- StrongSell: 2
What are the forecasts/targets for the MGEE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 80.2 | 0.7% |
| Analysts Target Price | 80.2 | 0.7% |
| ValueRay Target Price | 79.9 | 0.4% |
MGEE Fundamental Data Overview February 03, 2026
P/S = 4.1198
P/B = 2.2514
Revenue TTM = 725.5m USD
EBIT TTM = 187.3m USD
EBITDA TTM = 300.1m USD
Long Term Debt = 745.0m USD (from longTermDebt, last quarter)
Short Term Debt = 96.4m USD (from shortTermDebt, last quarter)
Debt = 841.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 830.6m USD (from netDebt column, last quarter)
Enterprise Value = 3.75b USD (2.92b + Debt 841.4m - CCE 10.8m)
Interest Coverage Ratio = 5.69 (Ebit TTM 187.3m / Interest Expense TTM 32.9m)
EV/FCF = -118.0x (Enterprise Value 3.75b / FCF TTM -31.8m)
FCF Yield = -0.85% (FCF TTM -31.8m / Enterprise Value 3.75b)
FCF Margin = -4.38% (FCF TTM -31.8m / Revenue TTM 725.5m)
Net Margin = 18.55% (Net Income TTM 134.6m / Revenue TTM 725.5m)
Gross Margin = 56.13% ((Revenue TTM 725.5m - Cost of Revenue TTM 318.3m) / Revenue TTM)
Gross Margin QoQ = 33.13% (prev 42.96%)
Tobins Q-Ratio = 1.25 (Enterprise Value 3.75b / Total Assets 2.99b)
Interest Expense / Debt = 1.03% (Interest Expense 8.68m / Debt 841.4m)
Taxrate = 14.90% (7.79m / 52.3m)
NOPAT = 159.4m (EBIT 187.3m * (1 - 14.90%))
Current Ratio = 0.91 (Total Current Assets 195.0m / Total Current Liabilities 215.1m)
Debt / Equity = 0.65 (Debt 841.4m / totalStockholderEquity, last quarter 1.30b)
Debt / EBITDA = 2.77 (Net Debt 830.6m / EBITDA 300.1m)
Debt / FCF = -26.15 (negative FCF - burning cash) (Net Debt 830.6m / FCF TTM -31.8m)
Total Stockholder Equity = 1.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.69% (Net Income 134.6m / Total Assets 2.99b)
RoE = 10.65% (Net Income TTM 134.6m / Total Stockholder Equity 1.26b)
RoCE = 9.32% (EBIT 187.3m / Capital Employed (Equity 1.26b + L.T.Debt 745.0m))
RoIC = 7.77% (NOPAT 159.4m / Invested Capital 2.05b)
WACC = 5.50% (E(2.92b)/V(3.76b) * Re(6.83%) + D(841.4m)/V(3.76b) * Rd(1.03%) * (1-Tc(0.15)))
Discount Rate = 6.83% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.53%
Fair Price DCF = unknown (Cash Flow -31.8m)
EPS Correlation: -15.13 | EPS CAGR: -49.03% | SUE: -4.0 | # QB: 0
Revenue Correlation: 13.61 | Revenue CAGR: 4.48% | SUE: 1.80 | # QB: 3
EPS next Quarter (2026-03-31): EPS=1.12 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=3.90 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+6.9% | Growth Revenue=+2.8%