Market Cap
$2.6B
MGEE
MGE ENERGY INC
$70.77 ▲ +1.03%
Prev close $70.05Market cap$2.6B
ConsensusStrong Sell
12-mo target$76.80 (+8.5%)
▼ Bearish
Analyst conviction 1/10
High Impact Filing (7/10)36 New Institutional Positions14 Institutional Exits Traditional Energy
Snapshot
The big-picture read on MGEE right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Sell (13%)
Inst. Holders
50 funds
Inst. Value
$1.8B
Inst. Activity
36 buys / 14 sells
Insider Activity
$71.5K buy / $0.00 sell
Insider Net $
$71.5K
SEC Reports
11
Price chart 30d -8.8%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 9, 2026 Insider
Aug 21, 2026 SEC Berbee James G bought 274.742 shares
Director @ $77.35 ($21.3K)
MGE Energy announced a 7.0% increase in its regular quarterly dividend to $0.5083 per share, marking the 51st consecutiv
8-K — Impact 3/10
Aug 19, 2026 Insider
Aug 5, 2026 SEC Berbee James G bought 261.364 shares
Director @ $81.30 ($21.2K)
MGE Energy reported Q2 2026 GAAP EPS of $0.89, beating consensus of $0.77 by 15.6%, driven by $3.9M in investment gains
8-K — Impact 5/10
Aug 4, 2026 earnings_calendar
MGEE Q2 2026 Earnings Scheduled — 2026-08-04
Jun 30, 2026 Inst.
MORGAN STANLEY — ADD
545,468 shares ($44.5M)
Jun 30, 2026 Inst.
May 8, 2026 SEC WESTWOOD HOLDINGS GROUP INC — NEW
530,621 shares ($43.3M)
MGE Energy posted a financial presentation on its Investor Relations website and announced participation in the 2026 AGA
8-K — Impact 3/10
Analyst ratings buy % +1300.0%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
13% rate it Buy or better · 8 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 24, 2026 | B of A Securities | INITIATE | Neutral | 54% |
| Sep 18, 2026 | Morgan Stanley | MAINTAIN | Underweight | 55% |
| Aug 21, 2026 | Morgan Stanley | MAINTAIN | Underweight | 55% |
| Jun 8, 2026 | Ladenburg Thalmann | UPGRADE | Buy | 45% |
| Apr 21, 2026 | Morgan Stanley | MAINTAIN | Underweight | 55% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 1 | 0 | 3 | 2 | 2 | 13% | |
| Aug 1, 2026 | 1 | 0 | 3 | 2 | 2 | 13% | |
| Jul 1, 2026 | 1 | 0 | 3 | 2 | 2 | 13% | |
| Jun 1, 2026 | 0 | 0 | 3 | 2 | 2 | 0% | |
| May 1, 2026 | 0 | 0 | 3 | 2 | 2 | 0% | |
| Apr 1, 2026 | 0 | 0 | 3 | 2 | 2 | 0% | |
| Mar 1, 2026 | 0 | 0 | 3 | 2 | 2 | 0% | |
| Feb 1, 2026 | 0 | 0 | 3 | 2 | 2 | 0% |
Price targets
Where 5 covering analysts think MGEE trades over the next 12 months.
$76.80 +8.5% upside Buy
Current$70.77 Low$71.00 Median$77.00 High$81.00 5 analysts
$71.00$81.00
Analyst rating Hold· 2.8/5 as of Oct 2, 2026
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
11 SEC filing reports analyzed · 2 bullish, 2 bearish, 1 mixed, 6 neutral · avg impact 4.3/10.
NEUTRAL8-K3/10
MGE Energy announced a 7.0% increase in its regular quarterly dividend to $0.5083 per share, marking
Aug 21, 2026
MIXED8-K5/10
MGE Energy reported Q2 2026 GAAP EPS of $0.89, beating consensus of $0.77 by 15.6%, driven by $3.9M
Aug 5, 2026
NEUTRAL8-K3/10
MGE Energy posted a financial presentation on its Investor Relations website and announced participa
May 8, 2026
BEARISH8-K5/10
MGE Energy files final underwriting agreement for a $250M common stock offering of 3.3M shares (990,
May 8, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Aug 4, 2026
earnings_calendar
MGEE Q2 2026 Earnings Scheduled — 2026-08-04
Jul 30, 2026
earnings_calendar
MGEE Q2 2026 Earnings Scheduled — 2026-07-30
Jun 30, 2026
short_interest_report
Short Interest: MGEE up 25% to 1.7M shares
Settlement 2026-06-30 | Days to cover: 4.23 | ≈4.70% of shares outstanding (est.)
Jun 12, 2026
ftd
FTD: MGEE — 11,891 shares ($0.9M) failed to deliver
Settlement: 20260612, Price: $76.70, FTD Value: $912,039.7, MGE ENERGY INC
May 8, 2026
short_interest
FTD: MGEE — 2,170,997 shares ($162.1M) failed to deliver
Settlement: 20260508, Price: $74.65, FTD Value: $162,064,926.05, MGE ENERGY INC
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $1.16 | $1.06–$1.25 | -5.3% | -7.6% | 1↑ 0↓ | $0.2B | 2 |
| Next Q | $0.72 | $0.65–$0.79 | 12.5% | +10.8% | 0↑ 1↓ | $0.2B | 2 |
| Current FY | $3.99 | $3.93–$4.05 | 7.3% | +0.6% | 1↑ 1↓ | $0.8B | 3 |
| Next FY | $4.20 | $4.06–$4.31 | 5.1% | -1.1% | 1↑ 1↓ | $0.8B | 4 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $1.155 | — |
| 7d ago | $1.250 | -0.095 |
| 30d ago | $1.250 | -0.095 |
| 60d ago | $1.250 | -0.095 |
| 90d ago | $1.150 | +0.005 |
Institutional ownership
Which big funds own MGEE (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $1.8B total value (22,114,194 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, STATE. Net buying activity: 36 institutions added/increased vs 14 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 6,093,900 | $496.9M | 27.6% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2,793,808 | $227.8M | 12.6% | — |
| STATE STREET CORP | 2,049,814 | $167.1M | 9.3% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 1,702,695 | $138.8M | 7.7% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 1,005,058 | $82.0M | 4.5% | — |
| DIMENSIONAL FUND ADVISORS LP | 700,969 | $57.2M | 3.2% | — |
| MORGAN STANLEY | 545,468 | $44.5M | 2.5% | ADD +78.0% |
| WESTWOOD HOLDINGS GROUP INC | 530,621 | $43.3M | 2.4% | NEW |
| GABELLI FUNDS LLC | 513,700 | $41.9M | 2.3% | ADD +89.4% |
| TWO SIGMA INVESTMENTS, LP | 486,961 | $39.7M | 2.2% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| MORGAN STANLEY | ADD | 306,393 | 545,468 | +78.0% | $44.5M |
| WESTWOOD HOLDINGS GROUP INC | NEW | — | 530,621 | — | $43.3M |
| GABELLI FUNDS LLC | ADD | 271,200 | 513,700 | +89.4% | $41.9M |
| Nuveen, LLC | ADD | 185,454 | 337,689 | +82.1% | $27.5M |
| CITADEL ADVISORS LLC | DOUBLED | 44,911 | 147,735 | +229.0% | $12.0M |
| MILLENNIUM MANAGEMENT LLC | TRIM | 169,646 | 104,886 | -38.2% | $8.6M |
| UBS Group AG | ADD | 61,050 | 100,350 | +64.4% | $8.2M |
| AMERICAN CENTURY COMPANIES INC | ADD | 35,463 | 65,581 | +84.9% | $5.3M |
| WELLS FARGO & COMPANY/MN | ADD | 32,368 | 54,484 | +68.3% | $4.4M |
| Schonfeld Strategic Advisors LLC | DOUBLED | 11,702 | 51,187 | +337.4% | $4.2M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
17 insiders, 21 transactions. Net $71.5K — $71.5K bought, $0.00 sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 9, 2026 | Berbee James G | Director | BUY | 274.742 | $77.35 | $21.3K |
| Aug 19, 2026 | Berbee James G | Director | BUY | 261.364 | $81.30 | $21.2K |
| Apr 17, 2026 | Bushek Jared Joseph | VP Chief Fin. Off. & Treasurer | AWARD | 25,000 | — | — |
| Mar 11, 2026 | Berbee James G | Director | BUY | 372.839 | $77.74 | $29.0K |
| Mar 2, 2026 | Kelly Daniel James | Director | AWARD | 1,039 | — | — |
| Mar 2, 2026 | Berbee James G | Director | AWARD | 1,039 | — | — |
| Mar 2, 2026 | DEWEY LONDA J | Director | AWARD | 1,039 | — | — |
| Mar 2, 2026 | Jicha John Anthony | VP Energy Supply & Asst Treas. | AWARD | 945 | — | — |
| Mar 2, 2026 | Lorenz James Jerome | VP Energy Operations | AWARD | 1,390 | — | — |
| Mar 2, 2026 | Anderson Marcia M | Director | AWARD | 1,039 | — | — |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for MGEE.
Shares short
1,746,686
Settlement Sep 15, 2026
Change vs prior
+0.7%
Semi-monthly cycle
Days to cover
12.9
At avg daily volume
Of shares outstanding
≈4.6%
Estimate — not % of float
All MGEE filing & press-release reports (11)
- 8-K reportAug 21, 2026
- 8-K reportAug 5, 2026
- 8-K reportMay 8, 2026
- 8-K reportMay 8, 2026
- 424B5 reportMay 6, 2026
- 8-K reportMay 5, 2026
- DEFA14A reportApr 23, 2026
- DEFA14A reportApr 2, 2026
- DEFA14A reportApr 2, 2026
- 8-K, 8-K reportFeb 24, 2026
- 8-K reportFeb 24, 2026