MGE Energy, Inc. (MGEE)
NASDAQ: MGEE · Real-Time Price · USD
73.48
-0.76 (-1.02%)
Oct 23, 2026, 4:00 PM EDT - Market closed
MGE Energy Stock Forecast
Stock Price Forecast
According to 6 analysts polled by S&P Global, MGE Energy stock has a consensus rating of "Hold" and an average price target of $76.83. The average 1-year stock price forecast is 4.56% higher than the current stock price, while the lowest is $72 (-2.01%) and the highest is $81 (+10.23%).
Price Target: $76.83 (+4.56%)
Analyst Consensus: Hold
Price Target
ChartAnalyst Ratings
The average analyst rating for MGE Energy stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Hold | 2 | 2 | 1 | 2 | 2 | 3 |
| Sell | 0 | 0 | 1 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 3 | 4 | 4 | 4 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Sell Reiterates $71 → $72 | Sell | Reiterates | $71 → $72 | -2.01% | Oct 21, 2026 |
| J.P. Morgan | J.P. Morgan | Hold Initiates $76 | Hold | Initiates | $76 | +3.43% | Oct 15, 2026 |
| Bank of America Securities | Bank of America Securities | Hold Initiates $76 | Hold | Initiates | $76 | +3.43% | Sep 24, 2026 |
| Ladenburg Thalmann & Co. | Ladenburg Thalmann & Co. | Buy Upgrades $84 → $81 | Buy | Upgrades | $84 → $81 | +10.23% | Jun 8, 2026 |
| Freedom Capital Markets | Freedom Capital Markets | Hold Initiates $77 | Hold | Initiates | $77 | +4.79% | May 29, 2026 |
Financial Forecast
Revenue This Year
779.73M
from 726.65M
Increased by 7.30%
Revenue Next Year
820.40M
from 779.73M
Increased by 5.22%
EPS This Year
3.99
from 3.72
Increased by 7.29%
EPS Next Year
4.20
from 3.99
Increased by 5.24%
EPS and Forward PE are based on non-GAAP adjusted numbers.