# MGE Energy share price today (MGE Energy, Inc., MGEE)

> MGE Energy, Inc.'s earnings have grown faster than its share price. Earnings per share grew +11.7% in a year while the price moved −10.8%. MGEE · Utilities · Utilities - Regulated Electric · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/mgee

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $73.93 (−10.8% in a year)
- P/E: 18.2× (lower than 98% of the last 4.6 years)
- Revenue (Jun 2026): $161 M (+1.1% on a year ago)
- Profit (Jun 2026): $33.4 M (+25.9% on a year ago)
- Operating margin: 22.7% (−0.6 points on a year ago)
- ROE: 10%, FY25
- ROIC: 5.2%, against a 6.8% cost of capital: −1.6 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the MGE Energy share price today? MGE Energy, Inc.'s share price was $73.93 at the close on 3 November 2026. It has been falling for 12 weeks. That is 4.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $70 and $84, and at that close it sat 27% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 10 weeks running. Over the last 10 years the share price moved +30% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 28 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does MGE Energy pay? MGE Energy, Inc. paid $1.90 per share over the last four reported quarters. The most recent declaration was $0.47 for Jun 2026. At today's price of $73.93 that is a yield of 2.57%, based on dividends already paid, not a forecast. ## Which stock lists is MGE Energy on? MGE Energy is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is MGE Energy profitable? MGE Energy, Inc. earned $33.4 M of net profit in the Jun 2026 quarter, +25.9% on the same quarter a year earlier. That is the 8th quarter in a row of profit growth. Full-year FY25 profit was $136 M. Over 4 years profit has grown 6.5% a year on average. That is 20.7% of the quarter's revenue. The same quarter a year earlier earned $26.5 M. For the full year, FY25 profit was $136 M (+12.7% on the year before). Why profit moved: revenue changed +1.1% on a year earlier and the margin moved −0.6 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +14.3% and revenue +7.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does MGE Energy make, and is it growing? MGE Energy, Inc. reported $161 M of revenue in the Jun 2026 quarter, +1.1% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 4 years it has grown 5.2% a year on average. The last full year, FY25, came in at $727 M. The last four reported quarters add to $752 M. FY25 revenue was $727 M, +10.1% on the year before. Recent pace: the last four quarters grew +7.0% on average, against 5.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.2%, against +7.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +14.2%, against +13.8% a year (stabilising). ## How much of every $100 of sales does MGE Energy keep? MGE Energy, Inc.'s operating margin was 22.7% in the Jun 2026 quarter, 0.6 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 22.5% and 25.1%. The latest quarter is within that range. Across 5 years it has been between 22.5% and 25.1%, and FY25's 25.1% is the highest of them. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is MGE Energy's profit turning into cash? Over the last 3 years, 208% of MGE Energy, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $263 M of operating cash against $136 M of profit. After $343 M of spending on assets, free cash was −$80.0 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does MGE Energy's cash go? MGE Energy, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $802 M on assets over the last 3 years. Averaged over those years that is 36.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $802 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is MGE Energy's P/E ratio, and how does it compare with its own history? MGE Energy, Inc.'s P/E is 18.2×, about the lowest it has ever been. Its usual P/E (the middle reading) is 23.9×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +11.7% while the price moved −10.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −0.2% a year; about +7.5% a year came from earnings growth and about −7.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the MGE Energy business getting better or worse? MGE Energy, Inc.'s business is giving mixed signals. Growth has been steadily positive, but ROCE at 6.2% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does MGE Energy earn on its capital? MGE Energy, Inc. earned a ROE of 10% in FY25. Its return on capital used (ROIC) is 1.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 18.7% net margin and 0.23× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 18.7% net margin × 0.23× asset turnover × 2.42× leverage (assets divided by equity) ≈ 10.4% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 5.2% − 6.8% = −1.6 percentage points. The 6.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does MGE Energy have too much debt? MGE Energy, Inc. has total debt of $934 M against shareholder equity of $1.4 B as of Jun 2026, so its debt is 0.65× its equity. Year by year, that ratio went from 0.63 in FY21 to 0.72 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the MGE Energy shareholding pattern? 4.3% of MGE Energy, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 7.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is MGE Energy from balance-sheet trouble? For MGE Energy, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does MGE Energy rank in its industry? There is no score against its industry: MGE Energy, Inc. is not among the largest members shown in this industry comparison for Utilities - Regulated Electric. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is MGE Energy compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to MGE Energy in size? MGE Energy is the 36th largest of 40 Utilities - Regulated Electric companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Enel Chile S.A., Portland General Electric Company and NorthWestern Energy Group, Inc. Just below it: Central Puerto S.A., Hawaiian Electric Industries, Inc. and Empresa Distribuidora y Comercializadora Norte Sociedad Anónima. ### Utilities - Regulated Electric companies close in size

1. [Enel Chile S.A.](https://www.sectoralpha.in/us/stocks/enic) $5.9 billion
2. [Portland General Electric Company](https://www.sectoralpha.in/us/stocks/por) $5.4 billion
3. [NorthWestern Energy Group, Inc.](https://www.sectoralpha.in/us/stocks/nwe) $4.9 billion
4. MGE Energy, Inc. $2.8 billion
5. [Central Puerto S.A.](https://www.sectoralpha.in/us/stocks/cepu) $1.7 billion
6. [Hawaiian Electric Industries, Inc.](https://www.sectoralpha.in/us/stocks/he) $1.4 billion
7. [Empresa Distribuidora y Comercializadora Norte Sociedad Anónima](https://www.sectoralpha.in/us/stocks/edn) $713 million

[All 40 Utilities - Regulated Electric companies, largest first](https://www.sectoralpha.in/us/sectors/utilities-regulated-electric#all-companies)

### Companies close in size in other industries

1. [AMC Entertainment Holdings, Inc.](https://www.sectoralpha.in/us/stocks/amc) $2.8 billion · Entertainment
2. [CECO Environmental Corp.](https://www.sectoralpha.in/us/stocks/ceco) $2.8 billion · Pollution & Treatment Controls
3. MGE Energy, Inc. $2.8 billion
4. [F&G Annuities & Life, Inc.](https://www.sectoralpha.in/us/stocks/fg) $2.8 billion · Insurance - Life
5. [Ardagh Metal Packaging S.A.](https://www.sectoralpha.in/us/stocks/ambp) $2.8 billion · Packaging & Containers

## What else do people ask about MGE Energy? ### What were MGE Energy's latest quarterly results? MGE Energy, Inc. reported revenue of $161 M and net profit of $33.4 M for the Jun 2026 quarter. Revenue rose 1.1% and profit rose 25.9% compared with a year earlier. Earnings per share were $0.89. The operating margin was 22.7%, 0.6 percentage points lower than a year earlier (as of 3 November 2026). ### What is MGE Energy's market cap? MGE Energy, Inc.'s market capitalisation is $2.8 B at a stock price of $73.93. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### What is MGE Energy's P/E ratio? MGE Energy, Inc.'s P/E is 18.2×, higher than 2% of its own last 5 years. Its usual level (the middle reading) is 23.9×. This compares the price with the company's own past; it is not a view on what the shares are worth (as of 3 November 2026). ### How is MGE Energy valued against its own history? Against its own history, MGE Energy, Inc.'s valuation is low: its P/E of 18.2× has been lower only 2% of the time in 5 years (usual level 23.9×). This compares the price with the company's own past; it is not a view on what the shares are worth or where the price goes next. One thing to keep in mind: margins are the best this company has ever reported, and a multiple can look low when profit is at a record (as of 3 November 2026). ### How is MGE Energy performing? MGE Energy, Inc.'s share price has been falling for 12 weeks. In its latest quarter, revenue rose 1.1% and profit rose 25.9% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 10 weeks running (as of 3 November 2026). ### Will MGE Energy's stock price go up? This page does not forecast MGE Energy, Inc.'s stock price. What it shows instead: the stock price is $73.93, and it has been falling for 12 weeks. Its P/E of 18.2× is higher than 2% of its own last 5 years (as of 3 November 2026). ### Where is MGE Energy in its business cycle? MGE Energy, Inc.'s FY25 operating margin was 25.1%, against a 5-year range of 22.5% to 25.1%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 22.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the MGE Energy story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is MGE Energy a stock worth studying right now? What the numbers show: MGE Energy, Inc.'s earnings have grown faster than its share price. Earnings per share grew +11.7% in a year while the price moved −10.8%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.