What is the 13F Pro Quality Score for MGEE?

13F Pro ranks MGE ENERGY INC (MGEE) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MGEE's current score at https://13fpro.ai/company/MGEE (free sign-up required for the full ranking).

Which hedge funds own the most MGEE stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of MGEE include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/MGEE as soon as new 13F filings post.

Where does 13F Pro source MGEE data?

All MGE ENERGY INC fundamentals and ownership data come directly from SEC EDGAR. MGE ENERGY INC files with the SEC under CIK 1161728. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MGEE in?

MGE ENERGY INC (MGEE) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

What drives MGEE's revenue?

Per MGE ENERGY INC's latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: Electric revenues ($131.4M, +1.6% YoY); Gas revenues ($29.6M, -1.1% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/MGEE.

What are MGEE's largest expenses?

MGE ENERGY INC's latest 10-Q reports these as the largest expense items: Fuel for electric generation ($12.9M, -21% YoY); Other operations and maintenance ($65.2M, +13% YoY); Cost of gas sold ($9.3M, -18% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is MGEE research updated on 13F Pro?

MGEE's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MGE ENERGY INC(MGEE)Stock Analysis

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SEC EDGAR: CIK 1161728 MGEE stock profile & AI dashboard →

13F Pro Quality Score

52.2/100

Rank #1,475 of 2,962 stocksTOP 50%

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

51.7/100

Profitability

75.9/100

Balance Sheet

66.6/100

Earnings Quality

36.0/100

Free Cash Flow

13.7/100

Institutional Flow

93.0/100

Revenue Scale

45.0/100

Dilution Risk

76.9/100

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Why MGEE Scores 52/100

exact factor attribution · 2026-09-11

MGEE's composite is driven by profitability and institutional flow, held back by free cash flow and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+3.9 pts

76th pct

Institutional flow

+2.1 pts

93th pct

Capital efficiency

+1.7 pts

67th pct

Shareholder dilution

+1.4 pts

77th pct

Earnings growth

+0.4 pts

57th pct

Revenue growth

+0.3 pts

52th pct

Scale

-0.8 pts

45th pct

Earnings quality

-1.4 pts

36th pct

Free cash flow

-5.4 pts

14th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

MGEE Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for MGE ENERGY INC (MGEE), 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.

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Fun facts about MGE ENERGY INC

Quirks, history, and lore behind MGEE — the kind of stuff that makes a stock memorable.

1
The Basics
A regulated utility holding company · small-cap · listed on Nasdaq · headquartered in the upper Midwest.
2
The Numbers
Annual revenue in the roughly $700–800 million range — not a giant, but it has delivered decades of consecutive dividend increases that income investors adore.
3
The History
Its roots trace back to the early 20th century, when electrifying a mid-sized Midwestern city was the whole ambition — and honestly, that's still pretty much the deal.
4
The Secret
It serves a relatively small but unusually stable customer base anchored by a Big Ten university city, which keeps demand remarkably steady through economic cycles.
5
The Lore
It operates both electric and natural gas distribution, and has invested meaningfully in wind and solar — quietly going greener while most people have never heard of it.
6
The Giveaway
It's the hometown utility for Madison, Wisconsin — home of the Badgers — and its subsidiary Madison Gas and Electric has kept the lights on there for over a century.

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What's Driving MGEE's Business? Latest 10-Q Breakdown

AI-extracted from MGE ENERGY INC's 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.

Read the full 10-Q on SEC EDGAR →Share on X

Net Income

Q1 2026

$48.5M

Free Cash Flow

Q1 2026

$-20.4M

ROIC

Q1 2026

9.3%

D/E Ratio

Q1 2026

0.70

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+9.9% YoY

$743.7MFY 2025

FY22 $714.5MFY23 $690.4MFY24 $676.9MFY25 $743.7M

Net Income

+12.7% YoY

$135.9MFY 2025

FY22 $111.0MFY23 $117.7MFY24 $120.6MFY25 $135.9M

Operating Income

+16.7% YoY

$170.7MFY 2025

FY22 $137.7MFY23 $146.4MFY24 $146.3MFY25 $170.7M

EPS (Diluted)

+11.7% YoY

$3.72FY 2025

FY22 $3.07FY23 $3.25FY24 $3.33FY25 $3.72

Total Assets

+11.6% YoY

$3.16BFY 2025

FY22 $2.52BFY23 $2.68BFY24 $2.83BFY25 $3.16B

Total Debt

+18.1% YoY

$908.4MFY 2025

FY22 $710.1MFY23 $762.0MFY24 $769.0MFY25 $908.4M

Op. Cash Flow

-5.2% YoY

$263.2MFY 2025

FY22 $153.7MFY23 $237.6MFY24 $277.8MFY25 $263.2M

Free Cash Flow

-295.8% YoY

$-80.0MFY 2025

FY22 $-21.3MFY23 $15.5MFY24 $40.9MFY25 $-80.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$743.7M +9.9%	$676.9M -2.0%	$690.4M -3.4%	$714.5M +17.8%	$606.6M +12.6%	$538.6M
Net Income	$135.9M +12.7%	$120.6M +2.4%	$117.7M +6.1%	$111.0M +4.9%	$105.8M +14.4%	$92.4M
Operating Income	$170.7M +16.7%	$146.3M -0.1%	$146.4M +6.3%	$137.7M +17.4%	$117.3M +6.6%	$110.0M
EPS (Diluted)	$3.72 +11.7%	$3.33 +2.5%	$3.25 +5.9%	$3.07 +5.1%	$2.92 +12.3%	$2.60
Total Assets	$3.16B +11.6%	$2.83B +5.7%	$2.68B +6.3%	$2.52B +6.1%	$2.37B +5.2%	$2.25B
Total Debt	$908.4M +18.1%	$769.0M +0.9%	$762.0M +7.3%	$710.1M +13.7%	$624.6M +8.3%	$576.6M
Operating Cash Flow	$263.2M -5.2%	$277.8M +16.9%	$237.6M +54.5%	$153.7M +11.8%	$137.5M -20.2%	$172.4M
Free Cash Flow	$-80.0M -295.8%	$40.9M +163.8%	$15.5M +172.7%	$-21.3M -36.1%	$-15.6M +49.0%	$-30.7M

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Available Research

13F Pro tracks comprehensive data for MGE ENERGY INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MGEE

BlackRock, Inc.
$496.9M6,093,900 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$227.8M2,793,808 sh
STATE STREET CORP
$167.1M2,049,814 sh
VANGUARD CAPITAL MANAGEMENT LLC
$138.8M1,702,695 sh
GEODE CAPITAL MANAGEMENT, LLC
$82.0M1,005,058 sh
Zimmer Partners, LP
$81.5M1,000,000 sh
DIMENSIONAL FUND ADVISORS LP
$57.2M700,969 sh
MORGAN STANLEY
$44.5M545,468 sh
WESTWOOD HOLDINGS GROUP INC
$43.3M530,621 sh
GABELLI FUNDS LLC
$41.9M513,700 sh

Fund	Value	Shares
BlackRock, Inc.	$496.9M	6,093,900
VANGUARD PORTFOLIO MANAGEMENT LLC	$227.8M	2,793,808
STATE STREET CORP	$167.1M	2,049,814
VANGUARD CAPITAL MANAGEMENT LLC	$138.8M	1,702,695
GEODE CAPITAL MANAGEMENT, LLC	$82.0M	1,005,058
Zimmer Partners, LP	$81.5M	1,000,000
DIMENSIONAL FUND ADVISORS LP	$57.2M	700,969
MORGAN STANLEY	$44.5M	545,468
WESTWOOD HOLDINGS GROUP INC	$43.3M	530,621
GABELLI FUNDS LLC	$41.9M	513,700

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Is MGEE a good stock to buy?

13F Pro's AI-powered analysis of MGE ENERGY INC (MGEE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MGEE are available on the MGEE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. MGEE is classified as a mid company.

Which hedge funds own MGEE?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MGEE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MGE ENERGY INC's investment landscape.