MGE Energy, Inc. (MGEE) fair value analysis
Nasdaq · Updated 2026-10-19
MGEE price how computed
Forward Fair Value verdict
UndervaluedMGEE is trading at a 10–25% discount to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $72.27
- Sector
- Utilities
- 12-month range
- $68.49–$86.85
- Market cap
- $2.73B
- From 52-week high
- -16.8%
- Shares outstanding
- 37.7M
- Rank in Utilities by discount to fair value
- #9 of 36
Last price is our stored weekly price from 2026-10-16, older than the 2026-10-19 run that built this page; the chart runs through 2026-10-16.
MGE Energy, Inc. is a utility company that generates, purchases, and distributes electricity and natural gas to customers in its service territory. The company operates primarily in south-central Wisconsin, serving the Madison area and surrounding communities.
MGEE currently ranks #9 of 36 Utilities stocks by discount to fair value. It has screened as Undervalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $2.73B
- P/E (trailing)
- 18x
- Revenue (TTM)
- $769M
- Net margin
- 19.5%
- EPS (TTM)
- $4.07
- Gross margin
- 82.6%
- Debt / equity
- 0.62
- Revenue growth (3-yr avg)
- 0.1%
- Shares outstanding
- 37.7M
Derived indicators how computed
- Quality grade
- F
- Margin trend
- Expanding
- 52-week position
- The bottom quarter of its range
Technicals how computed
- RSI (14-day)
- 44 · neutral
- 50-day average
- $75.34
- 200-day average
- $77.85
- Moving-average state
- 50-day below 200-day (death cross state); price below both averages
Dividends how computed
- Paid, last 12 months
- $1.93 per share (4 payments)
- Yield on last price
- 2.68%
- Consecutive years of increases
- 11
- Last ex-dividend date
- 2026-09-01
- Last payment date
- 2026-09-15
Earnings how computed
- Next earnings report
- 2026-11-04
- Last 8 quarters vs consensus
- 4 beat, 4 missed
- Quarter by quarter
- 2026-06 ▲ beat (+15.6%)
2026-03 ▲ beat (+16.8%)
2025-12 ▼ miss (-3.0%)
2025-09 ▲ beat (+2.5%)
2025-06 ▼ miss (-1.4%)
2025-03 ▲ beat (+16.3%)
2024-12 ▼ miss (-4.7%)
2024-09 ▼ miss (-3.4%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 2 buy · 2 hold · 1 sell (5 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $76.7
- Target vs last price
- +6.1%
What our data shows for MGEE
- Our model validated 17 trailing price-to-earnings windows for MGEE, built from quarterly earnings records.
- Shares are trading in the lower third of their 12-month price range of $68.49–$86.85.
- The 14-day relative strength index sits at a neutral 44.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for MGEE
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent MGEE news
TickrTrends' derived news-sentiment signal for MGEE is currently leaning positive, computed from recent coverage.
- MGEE Maintained by Morgan Stanley -- Price Target Raised to $72.00 (gurufocus.com, 2026-10-21)
TickrTrends take: Morgan Stanley's decision to raise its price target for MGEE to $72 while maintaining its rating suggests the analyst sees room for appreciation from current levels, which aligns with TickrTrends' undervalued assessment for the utilities company. Given that the target increase comes without a rating change, investors focused on valuation should monitor whether the company's fundamentals continue to support this higher price target or if market conditions shift the analyst's conviction. For those tracking MGEE within the utilities sector, this maintenance combined with an upward target revision provides a data point to weigh against other valuation indicators. - MGEE Initiated Coverage by JP Morgan -- Rating Set to Neutral (gurufocus.com, 2026-10-15)
TickrTrends take: JP Morgan's initiation of coverage on MGEE with a Neutral rating represents a significant moment for a utilities company that TickrTrends currently identifies as undervalued. As major institutional analysts begin evaluating the company, investors focused on valuation should monitor whether this neutral stance reflects consensus pricing or signals where institutional analysts see limited upside from current levels. The divergence between TickrTrends' undervalued assessment and JP Morgan's neutral positioning highlights the importance of tracking how additional analyst coverage may influence market perception of MGEE's true value in the utilities sector. - MGE Energy Inc (MGEE) Shares Fall 3.3% -- What GF Score of 78 Tells Investors (gurufocus.com, 2026-09-25)
TickrTrends take: MGEE shares experienced a 3 point 3 percent decline while carrying a GF Score of 78, which represents solid fundamental quality metrics for the utility operator. TickrTrends currently identifies MGEE as undervalued within the Utilities sector, suggesting that recent price weakness may present an opportunity for investors focused on valuation relative to the company's underlying business quality. Investors should monitor whether the GF Score of 78 holds steady or improves as this could reinforce the undervalued positioning in a sector typically characterized by stable cash flows.
More MGEE news
- MGEE Initiated Coverage by B of A Securities -- Rating Set to Neutral (gurufocus.com, 2026-09-24)
- MGE Energy: Keeping This Dividend King On The Watchlist Now (NASDAQ:MGEE) (seekingalpha.com, 2026-09-23)
What people are saying
Follow the MGEE conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — TickrTrends' derived indicators for MGEE showed a shift this week as the RSI zone moved from oversold to neutral territory, suggesting a change in momentum dynamics for the utilities sector stock. With a current valuation verdict of undervalued, the stock's technical positioning has evolved from an extremely weak condition to a more balanced state.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-05 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — MGEE's RSI has shifted from neutral territory into oversold conditions this week, indicating that recent selling pressure has pushed the stock's momentum indicator to more extreme levels. The utilities sector stock maintains an undervalued verdict based on TickrTrends' derived valuation analysis.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is MGEE stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), MGEE is trading at a 10–25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.
What is MGEE's TickrTrends verdict?
MGEE's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.
How does MGEE compare to other Utilities stocks?
MGEE ranks #9 of 36 Utilities stocks in TickrTrends' coverage by discount to fair value.
Is MGEE overbought or oversold?
MGEE's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does MGEE pay a dividend?
Yes. MGEE paid $1.93 per share over the last twelve months (4 payments), a 2.68% yield on TickrTrends' last price, and has raised the annual total for 11 consecutive years. The last ex-dividend date was 2026-09-01.
When does MGEE report earnings next?
MGEE's next earnings report is scheduled for 2026-11-04, per the published earnings calendar.
Does MGEE usually beat earnings estimates?
Over its last 8 reported quarters MGEE beat the consensus estimate 4 times and missed 4 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about MGEE?
Of 5 analysts covering MGEE, 2 rate it a buy, 2 a hold and 1 a sell - hold-leaning, with a consensus price target of $76.7 (+6.1% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
More in Utilities
Head-to-head comparisons
MGEE vs AES · MGEE vs AWK · MGEE vs CEG · MGEE vs CMS · MGEE vs DTE