MGE ENERGY INC (MGEE) Forecast, Price Target & Analyst Ratings

NASDAQ:MGEE • US55277P1049

Current stock price

74.44 USD
+1.99 (+2.75%)
At close:
74.44 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MGE ENERGY INC (MGEE).

Forecast Snapshot

Consensus Price Target

Price Target
$81.86
+ 9.96% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 5, 2026
Period
Q1 / 2026
EPS Estimate
$1.16
Revenue Estimate
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
42.86%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$81.86
Upside
+ 9.96%
From current price of $74.44 to mean target of $81.86, Based on 7 analyst forecasts
Low
$77.77
Median
$81.86
High
$87.68

Price Target Revisions

1 Month
2.56%
3 Months
1.26%

Price Target Summary

7 Wall Street analysts provided a forecast for the next 12 months for MGEE. The average price target is 81.86 USD. This implies a price increase of 9.96% is expected in the next year compared to the current price of 74.44.
The average price target has been revised upward by 1.26% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

MGEE Current Analyst RatingMGEE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5 2 2.5

Analyst Ratings History

MGEE Historical Analyst RatingsMGEE Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6

Analyst Ratings Consensus

ChartMill Buy Consensus
42.86%
MGEE was analyzed by 7 analysts. The buy percentage consensus is at 43. So analysts seem to be rather negative about MGEE.
In the previous month the buy percentage consensus was at a similar level.
MGEE was analyzed by 7 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-02-02Morgan StanleyMaintains Underweight -> Underweight
2025-09-25Morgan StanleyMaintains Underweight -> Underweight
2025-09-11Ladenburg ThalmannUpgrade Sell -> Neutral
2025-05-22Morgan StanleyMaintains Underweight -> Underweight
2025-03-20Morgan StanleyMaintains Underweight -> Underweight
2024-09-25Morgan StanleyMaintains Underweight -> Underweight
2024-08-23Morgan StanleyMaintains Underweight -> Underweight
2024-06-24Morgan StanleyMaintains Underweight -> Underweight
2024-05-28Morgan StanleyMaintains Underweight -> Underweight
2023-11-21Morgan StanleyMaintains Underweight -> Underweight
2023-10-25Morgan StanleyMaintains Underweight -> Underweight
2023-09-21Morgan StanleyMaintains Underweight -> Underweight
2023-08-23Morgan StanleyMaintains Underweight -> Underweight
2023-07-21Morgan StanleyMaintains Underweight -> Underweight
2023-06-23Morgan StanleyMaintains Underweight -> Underweight
2023-05-22Morgan StanleyMaintains Underweight -> Underweight
2023-04-20Morgan StanleyMaintains Underweight
2023-03-21Morgan StanleyMaintains Underweight
2023-02-22Morgan StanleyMaintains Underweight
2023-01-30Morgan StanleyMaintains Underweight
2023-01-23Morgan StanleyMaintains Underweight
2022-12-15Morgan StanleyMaintains Underweight
2022-11-11Morgan StanleyMaintains Underweight
2022-10-21Morgan StanleyMaintains Underweight
2022-09-22Morgan StanleyMaintains Underweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 5, 2026
Period
Q1 / 2026
EPS Estimate
$1.16
Revenue Estimate
N/A
Revenue Q2Q
N/A
EPS Q2Q
2.00%
Number of Analysts
3

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
1.79%
EPS (3 Months)
1.79%

Next Earnings Summary

MGEE is expected to report earnings on 5/5/2026. The consensus EPS estimate for the next earnings is 1.16 USD and the consensus revenue estimate is null USD.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
MGEE revenue by date.MGEE revenue by date.
690.431M
-3.37%		676.944M
-1.95%		743.654M
9.85%		755.87M
1.64%		776.78M
2.77%		782.34M
0.72%		888.79M
13.61%		997.86M
12.27%
EBITDA
YoY % growth
MGEE ebitda by date.MGEE ebitda by date.
246.737M
10.55%		254.843M
3.29%		284.977M
11.82%		300.78M
5.55%		316.93M
5.37%		314.16M
-0.87%		411.55M
31.00%		516.51M
25.50%
EBIT
YoY % growth
MGEE ebit by date.MGEE ebit by date.
146.385M
6.31%		146.262M
-0.08%		170.653M
16.68%		182.64M
7.02%		193.74M
6.08%		212.16M
9.51%		253.27M
19.38%		309.94M
22.38%
Operating Margin
MGEE operating margin by date.MGEE operating margin by date.
21.20%21.61%22.95%24.16%24.94%27.12%28.50%31.06%
EPS
YoY % growth
MGEE eps by date.MGEE eps by date.
3.25
6.21%		3.33
2.46%		3.72
11.71%		3.99
7.13%		4.20
5.49%		4.36
3.60%		4.80
10.19%		5.20
8.40%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		1.16
2.00%		0.82
13.33%		1.32
7.85%		0.79
22.72%
Revenue
Q2Q % growth		N/AN/AN/AN/A
EBITDA
Q2Q % growth		N/AN/AN/AN/A
EBIT
Q2Q % growth		N/AN/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

MGEE Yearly Revenue VS EstimatesMGEE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
MGEE Yearly EPS VS EstimatesMGEE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
5.40%
EPS Next 5 Year
6.94%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
2.37%
Revenue Next 5 Year
6.47%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
24.63%
EBIT Next 5 Year
26.06%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

MGE ENERGY INC / MGEE Forecast FAQ

What do analysts expect the price target to be for MGE ENERGY INC (MGEE)?

7 analysts have analysed MGEE and the average price target is 81.86 USD. This implies a price increase of 9.96% is expected in the next year compared to the current price of 74.44.

What is the next earnings date for MGEE stock?

MGE ENERGY INC (MGEE) will report earnings on 2026-05-05.

What is the consensus rating for MGE ENERGY INC (MGEE) stock?

The consensus rating for MGE ENERGY INC (MGEE) is 42.8571 / 100 . This indicates that analysts generally have a neutral outlook on the stock.