MGE Energy (NASDAQ:MGEE) Cut to “Sell” at Wall Street Zen

Posted by Brenda Bartman on Sep 22nd, 2026

Wall Street Zen downgraded shares of MGE Energy (NASDAQ:MGEE – Free Report) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of MGE Energy in a report on Wednesday, August 5th. Morgan Stanley lowered their price target on MGE Energy from $74.00 to $71.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, LADENBURG THALM/SH SH upgraded MGE Energy from a “neutral” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.00.

Get Our Latest Stock Report on MGEE

MGE Energy Stock Down 1.6%

Shares of MGEE stock opened at $72.86 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.61. MGE Energy has a 1 year low of $72.16 and a 1 year high of $87.94. The firm’s fifty day moving average price is $79.27 and its two-hundred day moving average price is $78.22. The firm has a market capitalization of $2.75 billion, a P/E ratio of 17.90 and a beta of 0.70.

MGE Energy (NASDAQ:MGEE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.12. The company had revenue of $161.19 million during the quarter, compared to the consensus estimate of $166.37 million. MGE Energy had a net margin of 19.45% and a return on equity of 11.10%. On average, equities analysts predict that MGE Energy will post 3.99 EPS for the current fiscal year.

MGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.5083 dividend. This is an increase from MGE Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 1st. This represents a $2.03 annualized dividend and a yield of 2.8%. MGE Energy’s dividend payout ratio (DPR) is 49.88%.

Hedge Funds Weigh In On MGE Energy

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of MGE Energy in the second quarter valued at approximately $496,897,000. Geode Capital Management LLC lifted its position in MGE Energy by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 921,952 shares of the utilities provider’s stock worth $72,315,000 after acquiring an additional 3,692 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of MGE Energy during the second quarter worth approximately $27,087,000. Deprince Race & Zollo Inc. bought a new stake in shares of MGE Energy during the first quarter worth approximately $21,418,000. Finally, Legal & General Group Plc acquired a new position in shares of MGE Energy in the second quarter valued at approximately $15,443,000. Institutional investors and hedge funds own 52.58% of the company’s stock.

MGE Energy Company Profile

(Get Free Report)

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Its principal subsidiary, Madison Gas and Electric Company (MG&E), provides electric and natural gas service to residential, commercial and industrial customers in south-central Wisconsin.

The company’s operations include generating, purchasing, transmitting and distributing electricity, as well as distributing natural gas. MGE Energy’s generation portfolio includes renewable resources such as wind and solar, along with other generation and purchased-power arrangements.