MGE ENERGY INC(MGEE)— Stock Profile, AI Score & Financials
Utilities · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
MGE ENERGY INC (MGEE) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores MGEE at 52.2/100 on a 32-signal composite quality model, placing it at rank #1,475 of 2,962 stocks — the top half of the AI-ranked universe. MGEE scores in the top quartile across institutional flow (93.0), profitability (75.9). Areas of concern include free cash flow (13.7) and earnings quality (36.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), MGE ENERGY INC reports net income of $48.5M, free cash flow of $-20.4M. Top institutional holders of MGEE by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. MGEE trades on the Nasdaq exchange and files with the SEC under CIK 1161728. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MGEE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MGE ENERGY INC directly from SEC EDGAR.
AI Quality Score
52.2/100
AI Rank
#1,475
Net Income
$48.5M
Free Cash Flow
$-20.4M
MGEE key financials by period
MGE ENERGY INC reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$743.7M
$135.9M
22.9%
FY 2024
10-K
$676.9M
$120.6M
21.6%
FY 2023
10-K
$690.4M
$117.7M
21.2%
FY 2022
10-K
$714.5M
$111.0M
19.3%
FY 2021
10-K
$606.6M
$105.8M
19.3%
FY 2020
10-K
$538.6M
$92.4M
20.4%
Institutions holding MGEE
Institutional investors reporting a position in MGE ENERGY INC on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
MGE Energy earned $0.89 per diluted share in Q2 2026 (+24% YoY), driven by higher electric rates, transmission investment income, and venture capital gains, despite flat utility revenues.
Biggest Revenue Drivers
Electric revenues$131.4M+1.6% YoY
Rate increases and customer fixed/demand charges offset by lower sales to market.
Gas revenues$29.6M-1.1% YoY
Volume decline and lower costs partially offset by rate changes and customer growth.
Biggest Revenue Drivers
Total revenue: $161.2M+1.1% YoY
Electric revenues$131.4M+1.6% YoY
Rate increases and customer fixed/demand charges offset by lower sales to market.
Gas revenues$29.6M-1.1% YoY
Volume decline and lower costs partially offset by rate changes and customer growth.
Largest Expense Items
Fuel for electric generation$12.9M-21% YoY
23% decrease in internal generation due to lower sales, partially offset by 2% higher average cost.
Other operations and maintenance$65.2M+13% YoY
Increased administrative, transmission, and production expenses, primarily from higher pension costs.
Cost of gas sold$9.3M-18% YoY
Lower therms delivered and 14% decrease in cost per therm.
Watch Items from the Filing
Solar procurement disruptions from UFLPA and DOC tariffs could increase project costs or delay timelines; MGE seeking regulatory recovery.
Forward sale agreements for $250M public offering (Feb 2026) create earnings per share dilution risk upon settlement through Jan 2028.
2027 electric rate increase of 3.63% and gas increase of 2.04% approved in 2026/2027 settlement to support rate base growth.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
