MGEE

MGE Energy, Inc.

Utilities · $2.6B market cap

Share price

$70.77

close of Oct 3, 2026

Fair value

$38.59

Sticker Price

Payback Price

$15.44

buy price

Overpriced

MGEE is Overpriced: at $70.77 it trades 83% above its fair value of $38.59. Its buy price (Payback Price) is $15.44, 78% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Dividend Discount Model. A regulated utility with a steady dividend record, so we value it on the dividends it pays.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.7% a year✗

Equity per share growth5.8% a year✗

Sales growth1.2% a year✗

Free cash flow growth-0.3% a year✗

Return on invested capital4.9%✗

Follow MGEE

Get notified when it reaches its buy price of $15.44. Free.

Create a free account

Superinvestors

1 of the investors we track holds MGEE. In Q2 2026, 1 opened a position. Who we track

Mairs & Power Funds

Mairs & Power Funds · as of Q2 2026

$1.3M

16,508 shares

Moves in Q2 2026

New position: Mairs & Power Funds

Insider activity

Since Aug 19, 2026: 2 open-market purchases worth $43K. Why purchases matter

Purchases

Berbee James G

director · 2026-09-09

Bought

$21K

Berbee James G

director · 2026-08-19

Bought

$21K

About MGE Energy, Inc.

MGE Energy, Inc. operates as a public utility holding company, primarily conducting its business in Wisconsin through various subsidiary entities. The company's operations are divided into several key segments: Regulated Electric Utility, Regulated Gas Utility, Nonregulated Energy, Transmission Investments, and an "All Other" category. Its core activities involve the generation, acquisition, and delivery of…

Regulated Electric