Mge Energy Inc
Mge Energy Inc (MGEE) is listed on NASDAQ and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in Madison, United States and has 726 employees. The company is worth $2.8B and trades at 17.7x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $743.65M in fiscal 2025, up 9.9% from the year before. Net income was $135.89M. The share price is 15.1% below its 52-week high of $87.45. It pays a dividend yielding 2.73%, and has raised its annual dividend for 28 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $39.71M. In that quarter, 5 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -0.4% over 5Y.
today you would have $1,064.15▲ +6.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $78.42 | $93.96 | $72.31 | $70.40 | $82.25 | $70.03 | $78.82 | $59.96 | $63.10 | $65.30 | $46.40 | $45.61 | $38.47 | $33.97 | $31.18 | $28.51 | $23.83 | $22.00 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 7.4% a year plus a 2.7% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 22.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FRVOFervo Energy Co | $9.68 | — | 1.0x | 0.00% | — | $2.85B |
| CWTCalifornia Water Service Group | $47.54 | 20.6x | 1.6x | 2.82% | 7.68% | $2.94B |
| RNWReNew Energy Global plc | $6.88 | 20.8x | 1.8x | 0.00% | 7.74% | $2.51B |
| AVAAvista Corp | $37.74 |
| P/E | 22.3x | 21.1x | 28.2x | 22.2x | 22.9x | 28.2x | 26.9x | 31.4x | 24.7x | 22.4x | 30.0x | 22.5x | 19.7x | 17.8x | 18.3x | 17.7x | 17.1x | 16.2x | 13.9x |
| P/S | 3.6x | 3.9x | 5.1x | 3.8x | 3.6x | 4.9x | 4.7x | 4.8x | 3.7x | 3.9x | 4.2x | 2.9x | 2.6x | 2.3x | 2.2x | 2.0x | 1.9x | 1.5x | 1.2x |
| P/B | 2.3x | 2.2x | 2.8x | 2.3x | 2.4x | 2.9x | 2.6x | 3.2x | 2.5x | 2.8x | 3.1x | 2.3x | 2.4x | 2.2x | 2.0x | 2.0x | 1.9x | 1.6x | 1.5x |
| EPS | $3.72 | $3.33 | $3.25 | $3.07 | $2.92 | $2.60 | $2.51 | $2.43 | $2.82 | $2.18 | $2.06 | $2.32 | $2.16 | $1.86 | $1.76 | $1.67 | $1.47 | $1.59 |
| Dividend yield | 2.34% | 2.36% | 1.87% | 2.31% | 2.26% | 1.84% | 2.06% | 1.75% | 2.20% | 2.00% | 1.85% | 2.49% | 2.43% | 2.78% | 3.05% | 3.24% | 3.48% | 4.09% | 4.35% |
| Payout | 54.73% | 49.73% | 52.73% | 51.45% | 51.86% | 51.92% | 55.62% | 55.06% | 54.40% | 44.75% | 55.32% | 56.12% | 47.84% | 49.57% | 55.77% | 57.42% | 59.44% | 66.06% | 60.25% |
| Profit margin | 14.46% | 18.27% | 17.81% | 17.05% | 15.53% | 17.44% | 17.16% | 15.27% | 15.05% | 17.33% | 13.87% | 12.65% | 12.96% | 12.68% | 11.91% | 11.15% | 10.84% | 9.55% | 8.85% |
| ROE | 10.38% | 10.42% | 9.80% | 10.32% | 10.26% | 10.29% | 9.47% | 10.15% | 10.31% | 12.54% | 10.44% | 10.33% | 12.18% | 12.13% | 11.12% | 11.06% | 10.99% | 10.16% | 11.03% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 2.8% a year against a 7.4% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-24.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 13.6x |
| 1.1x |
| 5.22% |
| 8.31% |
| $3.16B |
| HTOH2o America | $58.66 | 19.8x | 1.3x | 3.00% | 6.46% | $2.46B |
| AWRAmerican States Water Co | $85.05 | 23.3x | 3.0x | 2.56% | 13.67% | $3.37B |