MGE Energy Inc
Research MGE Energy Inc (MGEE) on Bullrun: valuation model: 25.3% undervalued, market cap USD 2.65B, P/E 17.3, dividend yield 2.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMGEE
- ExchangeNASDAQ
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal25.3% undervalued
- Market capUSD 2.65B
- P/E17.3
- Dividend yield2.7%
- Financial periodQ2 2026
- RevenueUSD 161.20M
- Net incomeUSD 33.35M
- Free cash flow-USD 41.63M
- Gross margin42.2%
Valuation Snapshot
Bullrun's latest valuation model marks MGE Energy Inc as 25.3% undervalued; latest market cap is USD 2.65B; P/E is 17.3; dividend yield is 2.7%.
Peer valuation comparison
Latest P/E is 17.26x versus a Utilities sector median of 17.4x.
Latest dividend yield is 2.74% versus a Utilities sector median of 3.57% (23.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 743.65M | USD 135.89M | -USD 79.99M | 41.5% | 3.72 | USD 5.67M | USD 813.84M | USD 1.30B |
| FY2024 | USD 676.94M | USD 120.57M | USD 40.86M | 41.2% | 3.33 | USD 21.30M | USD 768.98M | USD 1.23B |
| FY2023 | USD 690.43M | USD 117.70M | USD 15.49M | 39.0% | 3.25 | USD 11.14M | USD 723.97M | USD 1.14B |
| FY2022 | USD 714.52M | USD 110.95M | -USD 21.30M | 34.1% | 3.07 | USD 11.60M | USD 639.56M | USD 1.08B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 2.65B | 17.3 | 2.8% | 1.93 |
| 2025 | 2025-12-31 | USD 2.87B | 21.1 | 2.4% | 1.86 |
| 2024 | 2024-12-31 | USD 3.43B | 28.2 | 1.9% | 1.76 |
| 2023 | 2023-12-29 | USD 2.61B | 22.0 | 2.3% | 1.68 |
| 2022 | 2022-12-30 | USD 2.55B | 24.7 | 2.3% | 1.6 |
| 2021 | 2021-12-31 | USD 2.97B | 28.2 | 1.8% | 1.52 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.93 USD, yield 2.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.85 USD |
| FY2024 | 1.76 USD |
| FY2023 | 1.67 USD |
| FY2022 | 1.59 USD |
About MGE Energy Inc
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity;
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Frequently asked questions
Is MGE Energy Inc overvalued or undervalued?
Bullrun's valuation model currently marks MGE Energy Inc as 25.3% undervalued.
What is MGE Energy Inc's market cap?
MGE Energy Inc's market capitalization is USD 2.65B.
What is MGE Energy Inc's P/E ratio?
MGE Energy Inc's price-to-earnings (P/E) ratio is 17.3.
Does MGE Energy Inc pay a dividend?
MGE Energy Inc has a dividend yield of 2.7%.
What does MGE Energy Inc do?
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services.