MGE Energy (NASDAQ:MGEE) Price Target Raised to $86.50

Posted by Francis Steltz on Nov 9th, 2026

MGE Energy (NASDAQ:MGEE – Free Report) had its target price upped by LADENBURG THALM/SH SH from $81.00 to $86.50 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

A number of other research firms also recently issued reports on MGEE. Bank of America initiated coverage on MGE Energy in a report on Thursday, September 24th. They issued a “neutral” rating and a $76.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of MGE Energy in a report on Tuesday, November 3rd. Wall Street Zen upgraded shares of MGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Morgan Stanley boosted their price target on MGE Energy from $71.00 to $72.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. Finally, Freedom Broker raised MGE Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $79.00 to $87.00 in a report on Friday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $80.75.

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MGE Energy Price Performance

Shares of NASDAQ MGEE opened at $80.26 on Friday. The firm has a market cap of $3.04 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 4.48 and a beta of 0.68. MGE Energy has a 1 year low of $68.01 and a 1 year high of $85.29. The company has a 50 day simple moving average of $73.57 and a 200 day simple moving average of $77.52. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.09 and a quick ratio of 0.73.

MGE Energy (NASDAQ:MGEE – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The utilities provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.30. The firm had revenue of $190.40 million for the quarter, compared to analysts’ expectations of $184.59 million. MGE Energy had a net margin of 20.60% and a return on equity of 11.59%. On average, research analysts forecast that MGE Energy will post 4.02 EPS for the current year.

MGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.5083 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.03 dividend on an annualized basis and a yield of 2.5%. MGE Energy’s dividend payout ratio (DPR) is currently 46.88%.

Institutional Trading of MGE Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in MGE Energy in the second quarter valued at approximately $6,752,000. ProShare Advisors LLC lifted its holdings in shares of MGE Energy by 34.2% in the 3rd quarter. ProShare Advisors LLC now owns 123,853 shares of the utilities provider’s stock valued at $8,602,000 after purchasing an additional 31,572 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of MGE Energy in the second quarter valued at approximately $4,160,000. BlackRock Inc. purchased a new position in MGE Energy during the 2nd quarter worth $496,897,000. Finally, Sei Investments Co. increased its stake in MGE Energy by 193.5% in the first quarter. Sei Investments Co. now owns 32,857 shares of the utilities provider’s stock valued at $2,540,000 after purchasing an additional 21,663 shares during the period. 52.58% of the stock is currently owned by hedge funds and other institutional investors.

About MGE Energy

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MGE Energy, Inc is a public utility holding company based in Madison, Wisconsin. Its principal subsidiary, Madison Gas and Electric Company (MGE), provides electric and natural gas service to customers in Madison and surrounding communities in south-central Wisconsin.

MGE’s operations include generating and purchasing electricity, delivering power through its electric system, and distributing natural gas. The company also invests in energy-related businesses, including projects that support renewable energy and other power-generation resources.

The company traces its roots to Madison Gas Light Company, established in 1855.