MGE Energy, Inc. (MGEE)
NASDAQ: MGEE · Real-Time Price · USD
89.10
+0.55 (0.62%)
Nov 4, 2024, 4:00 PM EST - Market closed

MGE Energy Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for MGE Energy stock has a target of 74, which predicts a decrease of -16.95% from the current stock price of 89.10.

Analyst Consensus: Sell
Target Low Average Median High
Price $74 $74 $74 $74
Change -16.95% -16.95% -16.95% -16.95%
* Price targets were last updated on Sep 25, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for MGE Energy is "Sell". This means that the analyst believes this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 000000
Buy 000000
Hold 000000
Sell 111111
Strong Sell 000000
Total 111111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Morgan Stanley
Morgan Stanley
Sell
Maintains
$71$74
Sell Maintains $71$74 -16.95% Sep 25, 2024
Morgan Stanley
Morgan Stanley
Sell
Maintains
$66$71
Sell Maintains $66$71 -20.31% Aug 23, 2024
Morgan Stanley
Morgan Stanley
Sell
Maintains
$68$65
Sell Maintains $68$65 -27.05% Jun 24, 2024
Morgan Stanley
Morgan Stanley
Sell
Maintains
$63$68
Sell Maintains $63$68 -23.68% May 28, 2024
Morgan Stanley
Morgan Stanley
Sell
Maintains
$61$62
Sell Maintains $61$62 -30.42% Nov 21, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
687.87M
from 673.93M
Increased by 2.07%
Revenue Next Year
715.24M
from 687.87M
Increased by 3.98%
EPS This Year
3.76
from 3.25
Increased by 15.81%
EPS Next Year
4.11
from 3.76
Increased by 9.21%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
554.96M524.53M593.08M699.82M673.93M687.87M715.24M738.70M
Revenue Growth
1.76%-5.48%13.07%18.00%-3.70%2.07%3.98%3.28%
EPS
2.512.602.923.073.253.764.114.48
EPS Growth
3.15%3.56%12.52%5.07%5.93%15.81%9.21%8.93%
Forward PE
-----23.6721.6819.90
No. Analysts -----333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 708.1M 736.3M 760.4M
Avg 687.9M 715.2M 738.7M
Low 660.9M 687.2M 709.7M

Revenue Growth

Revenue Growth 202420252026
High
5.1%
7.0%
6.3%
Avg
2.1%
4.0%
3.3%
Low
-1.9%
-0.1%
-0.8%

EPS Forecast

EPS 202420252026
High 3.87 4.23 4.61
Avg 3.76 4.11 4.48
Low 3.62 3.95 4.30

EPS Growth

EPS Growth 202420252026
High
19.2%
12.4%
12.1%
Avg
15.8%
9.2%
8.9%
Low
11.3%
4.9%
4.7%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.