MGE Energy, Inc. (MGEE)

MGE Energy Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for MGE Energy stock has a target of 80, which predicts a decrease of -13.01% from the current stock price of 91.96.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$80	$80	$80	$80
Change	-13.01%	-13.01%	-13.01%	-13.01%

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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	1	1	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Stephen Byrd Morgan Stanley	Morgan Stanley	Sell Maintains $78 → $80	Sell	Maintains	$78 → $80	-13.01%	Mar 20, 2025
Stephen Byrd Morgan Stanley	Morgan Stanley	Sell Maintains $71 → $74	Sell	Maintains	$71 → $74	-19.53%	Sep 25, 2024
Stephen Byrd Morgan Stanley	Morgan Stanley	Sell Maintains $66 → $71	Sell	Maintains	$66 → $71	-22.79%	Aug 23, 2024
Stephen Byrd Morgan Stanley	Morgan Stanley	Sell Maintains $68 → $65	Sell	Maintains	$68 → $65	-29.32%	Jun 24, 2024
Stephen Byrd Morgan Stanley	Morgan Stanley	Sell Maintains $63 → $68	Sell	Maintains	$63 → $68	-26.05%	May 28, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

721.08M

Increased by 9.26%

from 659.94M

Revenue Next Year

743.01M

Increased by 3.04%

from 721.08M

EPS This Year

3.92

Increased by 17.63%

from 3.33

EPS Next Year

4.20

Increased by 7.16%

from 3.92

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	524.53M	593.08M	699.82M	673.93M	659.94M	721.08M	743.01M	767.04M
Revenue Growth	-5.48%	13.07%	18.00%	-3.70%	-2.08%	9.26%	3.04%	3.23%
EPS	2.60	2.92	3.07	3.25	3.33	3.92	4.20	4.21
EPS Growth	3.56%	12.52%	5.07%	5.93%	2.45%	17.63%	7.16%	0.36%
Forward PE	-	-	-	-	-	23.48	21.91	21.83
No. Analysts	-	-	-	-	-	4	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	743.3M	767.4M	789.6M
Avg	721.1M	743.0M	767.0M
Low	691.9M	711.5M	737.0M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	12.6%	6.4%	6.3%
Avg	9.3%	3.0%	3.2%
Low	4.8%	-1.3%	-0.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.15	4.58	4.34
Avg	3.92	4.20	4.21
Low	3.66	3.79	4.05

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	24.6%	16.9%	3.3%
Avg	17.6%	7.2%	0.4%
Low	9.8%	-3.2%	-3.6%

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.