MGE Energy (NASDAQ:MGEE) Issues Quarterly Earnings Results

Posted by Stanley Muller on May 5th, 2026

MGE Energy (NASDAQ:MGEE – Get Free Report) released its quarterly earnings data on Tuesday. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.19, FiscalAI reports. The company had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $227.06 million. MGE Energy had a net margin of 18.27% and a return on equity of 10.60%.

MGE Energy Stock Up 0.6%

Shares of MGEE traded up $0.45 during mid-day trading on Tuesday, hitting $80.56. The company’s stock had a trading volume of 42,143 shares, compared to its average volume of 171,105. The company’s 50-day moving average is $78.47 and its 200-day moving average is $80.10. MGE Energy has a 52-week low of $72.17 and a 52-week high of $94.00. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 21.65 and a beta of 0.76. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 0.61.

Insider Buying and Selling at MGE Energy

In other MGE Energy news, Director James G. Berbee purchased 373 shares of the stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of $77.74 per share, with a total value of $28,997.02. Following the transaction, the director owned 9,362 shares of the company’s stock, valued at approximately $727,801.88. This trade represents a 4.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On MGE Energy

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its position in shares of MGE Energy by 14.3% in the 2nd quarter. Invesco Ltd. now owns 238,747 shares of the utilities provider’s stock worth $21,115,000 after purchasing an additional 29,811 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of MGE Energy by 9.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 216,173 shares of the utilities provider’s stock worth $16,952,000 after purchasing an additional 18,877 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of MGE Energy by 167.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 162,217 shares of the utilities provider’s stock worth $13,655,000 after purchasing an additional 101,586 shares during the period. Nuveen LLC lifted its position in shares of MGE Energy by 0.3% in the 4th quarter. Nuveen LLC now owns 159,491 shares of the utilities provider’s stock worth $12,507,000 after purchasing an additional 480 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of MGE Energy by 8.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 124,551 shares of the utilities provider’s stock worth $11,015,000 after purchasing an additional 9,775 shares during the period. Hedge funds and other institutional investors own 52.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of MGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Morgan Stanley reissued an “underweight” rating on shares of MGE Energy in a research report on Monday, April 27th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $80.50.

View Our Latest Stock Analysis on MGEE

About MGE Energy

(Get Free Report)

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Through its principal subsidiary, Madison Gas and Electric Company (MGE), the company provides regulated electric and natural gas distribution services to residential, commercial and industrial customers in south-central Wisconsin. MGE Energy’s operations encompass the generation, transmission and distribution of electricity as well as the purchase and distribution of natural gas, with an emphasis on reliable service and system resilience.

Since reorganizing as a holding company in 2001, MGE Energy has expanded its portfolio to include nonregulated subsidiaries involved in renewable energy development, energy services and infrastructure support.