MGE Energy (MGEE) Stock Forecast, Price Target & Predictions
MGEE Stock Forecast
MGE Energy stock forecast is as follows: an average price target of $71.00 (represents a -20.31% downside from MGEE’s last price of $89.10) and a rating consensus of 'Sell', based on 1 wall street analysts offering a 1-year stock forecast.
MGEE Price Target
The average price target for MGE Energy (MGEE) is $71.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $71.00 to $71.00. This represents a potential -20.31% downside from MGEE's last price of $89.10.
MGEE Analyst Ratings
According to 1 Wall Street analysts, MGE Energy's rating consensus is 'Sell'. The analyst rating breakdown for MGEE stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 0 'Hold' (0.00%), 1 'Sell' (100.00%), and 0 'Strong Sell' (0.00%).
MGE Energy Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 23, 2024 | David Arcaro | Morgan Stanley | $71.00 | $87.67 | -19.01% | -20.31% |
| May 28, 2024 | David Arcaro | Morgan Stanley | $68.00 | $78.42 | -13.29% | -23.68% |
| Dec 15, 2022 | - | Morgan Stanley | $66.00 | $70.89 | -6.90% | -25.93% |
| Nov 11, 2022 | - | Morgan Stanley | $63.00 | $68.95 | -8.63% | -29.29% |
| Sep 22, 2022 | - | Morgan Stanley | $75.00 | $75.34 | -0.45% | -15.82% |
| Jul 21, 2022 | - | Morgan Stanley | $72.00 | $74.72 | -3.63% | -19.19% |
| May 23, 2022 | - | Morgan Stanley | $74.00 | $81.14 | -8.80% | -16.95% |
| May 02, 2022 | - | Morgan Stanley | $77.00 | $77.75 | -0.96% | -13.58% |
| Apr 20, 2022 | - | Morgan Stanley | $78.00 | $83.68 | -6.79% | -12.46% |
The latest MGE Energy stock forecast, released on Aug 23, 2024 by David Arcaro from Morgan Stanley, set a price target of $71.00, which represents a -19.01% decrease from the stock price at the time of the forecast ($87.67), and a -20.31% decrease from MGEE last price ($89.10).
MGE Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $71.00 | $69.50 |
| Last Closing Price | $89.10 | $89.10 | $89.10 |
| Upside/Downside | -100.00% | -20.31% | -22.00% |
In the current month, the average price target of MGE Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MGE Energy's last price of $89.10. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 25, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| Aug 23, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| May 28, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| Dec 15, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Nov 11, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Sep 22, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Aug 23, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| Jul 21, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| May 23, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
| May 02, 2022 | Morgan Stanley | Underweight | Underweight | Hold |
MGE Energy's last stock rating was published by Morgan Stanley on Sep 25, 2024. The company gave MGEE a "Underweight" rating, the same as its previous rate.
MGE Energy Financial Forecast
MGE Energy Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 15 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 00 | Mar 97 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $160.53M | $148.00M | $217.25M | $189.83M | $163.40M | $152.35M | $208.94M | $162.07M | $145.87M | $130.73M | $167.91M | $136.51M | $135.21M | $117.04M | $130.97M | $167.24M | $149.26M | $164.60M | $159.64M | $181.14M | - | - |
| Avg Forecast | $157.74M | $155.67M | $153.63M | $151.61M | $149.62M | $163.82M | $145.71M | $250.19M | $155.69M | $144.42M | $195.35M | $164.81M | $139.17M | $124.52M | $157.75M | $161.27M | $129.23M | $111.43M | $141.00M | $185.43M | $142.02M | $125.20M | $192.41M | $146.71M | $139.56M | $125.87M | $175.17M | $134.77M | $80.21M | $89.75M |
| High Forecast | $157.74M | $155.67M | $153.63M | $151.61M | $149.62M | $163.82M | $145.71M | $250.19M | $155.69M | $144.42M | $195.35M | $164.81M | $139.17M | $124.52M | $157.75M | $161.27M | $129.23M | $111.43M | $141.00M | $185.43M | $142.02M | $125.20M | $230.89M | $176.05M | $167.48M | $151.04M | $210.20M | $161.73M | $96.25M | $107.70M |
| Low Forecast | $157.74M | $155.67M | $153.63M | $151.61M | $149.62M | $163.82M | $145.71M | $250.19M | $155.69M | $144.42M | $195.35M | $164.81M | $139.17M | $124.52M | $157.75M | $161.27M | $129.23M | $111.43M | $141.00M | $185.43M | $142.02M | $125.20M | $153.93M | $117.37M | $111.65M | $100.70M | $140.14M | $107.82M | $64.17M | $71.80M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 18 | 18 | 11 | 16 | 8 | 16 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.11% | 1.15% | 1.17% | 1.22% | 1.32% | 1.00% | 1.13% | 1.17% | 1.19% | 0.74% | 0.95% | 0.93% | 0.68% | 1.14% | 1.07% | 1.31% | 0.91% | 1.34% | - | - |
MGE Energy's average Quarter revenue forecast for Dec 23 based on 1 analysts is $250.19M, with a low forecast of $250.19M, and a high forecast of $250.19M. MGEE's average Quarter revenue forecast represents a 55.86% increase compared to the company's last Quarter revenue of $160.53M (Sep 23).
MGE Energy EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 15 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 00 | Mar 97 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 18 | 18 | 11 | 16 | 8 | 16 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | $46.61M | $39.15M | $70.00M | $55.05M | $70.00M | $54.44M | $69.88M | $40.60M | $62.75M | $48.10M | $59.51M | $43.94M | $63.45M | $46.88M | $34.88M | $50.56M | $40.64M | $43.30M | $35.72M | $36.37M | - | - |
| Avg Forecast | $57.64M | $56.89M | $56.14M | $55.40M | $54.67M | $59.86M | $53.25M | $91.43M | $56.89M | $52.77M | $78.45M | $54.97M | $50.86M | $45.50M | $71.32M | $58.93M | $47.22M | $40.72M | $47.76M | $67.76M | $51.90M | $42.00M | $46.01M | $43.46M | $37.80M | $29.98M | $38.89M | $23.87M | $17.85M | $15.65M |
| High Forecast | $57.64M | $56.89M | $56.14M | $55.40M | $54.67M | $59.86M | $53.25M | $91.43M | $56.89M | $52.77M | $94.14M | $65.96M | $50.86M | $45.50M | $85.59M | $58.93M | $47.22M | $40.72M | $57.31M | $67.76M | $51.90M | $50.39M | $55.21M | $52.16M | $45.36M | $35.97M | $46.67M | $28.64M | $21.42M | $18.77M |
| Low Forecast | $57.64M | $56.89M | $56.14M | $55.40M | $54.67M | $59.86M | $53.25M | $91.43M | $56.89M | $52.77M | $62.76M | $43.98M | $50.86M | $45.50M | $57.06M | $58.93M | $47.22M | $40.72M | $38.21M | $67.76M | $51.90M | $33.60M | $36.80M | $34.77M | $30.24M | $23.98M | $31.11M | $19.09M | $14.28M | $12.52M |
| Surprise % | - | - | - | - | - | - | - | - | 0.82% | 0.74% | 0.89% | 1.00% | 1.38% | 1.20% | 0.98% | 0.69% | 1.33% | 1.18% | 1.25% | 0.65% | 1.22% | 1.12% | 0.76% | 1.16% | 1.08% | 1.44% | 0.92% | 1.52% | - | - |
1 analysts predict MGEE's average Quarter EBITDA for Dec 23 to be $91.43M, with a high of $91.43M and a low of $91.43M. This is 96.14% upper than MGE Energy's previous annual EBITDA (Sep 23) of $46.61M.
MGE Energy Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 15 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 00 | Mar 97 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 18 | 18 | 11 | 16 | 8 | 16 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | $37.86M | $28.68M | $31.08M | $21.05M | $33.72M | $21.76M | $34.42M | $13.06M | $34.92M | $22.85M | $34.93M | $15.80M | $31.79M | $18.79M | $11.23M | $22.58M | $16.05M | $17.78M | $14.26M | $14.95M | - | - |
| Avg Forecast | $27.15M | $45.97M | $36.92M | $35.84M | $23.17M | $42.35M | $34.39M | $22.08M | $39.09M | $26.06M | $38.64M | $19.76M | $36.56M | $22.80M | $35.13M | $16.11M | $33.30M | $22.26M | $28.03M | $18.28M | $32.03M | $16.83M | $14.82M | $19.41M | $14.93M | $12.31M | $15.53M | $9.81M | $9.59M | $8.46M |
| High Forecast | $27.15M | $45.97M | $36.92M | $35.84M | $23.17M | $42.35M | $34.39M | $22.08M | $41.35M | $26.06M | $46.37M | $23.71M | $36.56M | $22.80M | $42.16M | $16.11M | $33.30M | $22.26M | $33.64M | $18.28M | $32.03M | $20.20M | $17.78M | $23.30M | $17.91M | $14.77M | $18.63M | $11.77M | $11.51M | $10.15M |
| Low Forecast | $27.15M | $45.97M | $36.92M | $35.84M | $23.17M | $42.35M | $34.39M | $22.08M | $37.21M | $26.06M | $30.91M | $15.81M | $36.56M | $22.80M | $28.10M | $16.11M | $33.30M | $22.26M | $22.43M | $18.28M | $32.03M | $13.47M | $11.85M | $15.53M | $11.94M | $9.85M | $12.42M | $7.85M | $7.67M | $6.77M |
| Surprise % | - | - | - | - | - | - | - | - | 0.97% | 1.10% | 0.80% | 1.07% | 0.92% | 0.95% | 0.98% | 0.81% | 1.05% | 1.03% | 1.25% | 0.86% | 0.99% | 1.12% | 0.76% | 1.16% | 1.08% | 1.44% | 0.92% | 1.52% | - | - |
MGE Energy's average Quarter net income forecast for Dec 23 is $22.08M, with a range of $22.08M to $22.08M. MGEE's average Quarter net income forecast represents a -41.67% decrease compared to the company's last Quarter net income of $37.86M (Sep 23).
MGE Energy SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 15 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 00 | Mar 97 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 18 | 18 | 11 | 16 | 8 | 16 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $2.86M | $2.82M | $2.78M | $2.75M | $2.71M | $2.97M | $2.64M | $4.53M | $2.82M | $2.62M | $3.54M | $2.99M | $2.52M | $2.26M | $2.86M | $2.92M | $2.34M | $2.02M | $2.55M | $3.36M | $2.57M | $2.27M | $3.49M | $2.66M | $2.53M | $2.28M | $3.17M | $2.44M | $1.45M | $1.63M |
| High Forecast | $2.86M | $2.82M | $2.78M | $2.75M | $2.71M | $2.97M | $2.64M | $4.53M | $2.82M | $2.62M | $3.54M | $2.99M | $2.52M | $2.26M | $2.86M | $2.92M | $2.34M | $2.02M | $2.55M | $3.36M | $2.57M | $2.27M | $4.18M | $3.19M | $3.03M | $2.74M | $3.81M | $2.93M | $1.74M | $1.95M |
| Low Forecast | $2.86M | $2.82M | $2.78M | $2.75M | $2.71M | $2.97M | $2.64M | $4.53M | $2.82M | $2.62M | $3.54M | $2.99M | $2.52M | $2.26M | $2.86M | $2.92M | $2.34M | $2.02M | $2.55M | $3.36M | $2.57M | $2.27M | $2.79M | $2.13M | $2.02M | $1.82M | $2.54M | $1.95M | $1.16M | $1.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
MGE Energy's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to MGEE last annual SG&A of $NaN (undefined).
MGE Energy EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Dec 15 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Mar 09 | Mar 00 | Mar 97 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 18 | 18 | 11 | 16 | 8 | 16 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | $1.05 | $0.79 | $0.86 | $0.58 | $0.93 | $0.60 | $0.95 | $0.36 | $0.97 | $0.63 | $0.97 | $0.44 | $0.88 | $0.53 | $0.32 | $0.65 | $0.46 | $0.51 | $0.41 | $0.43 | - | - |
| Avg Forecast | $0.75 | $1.27 | $1.02 | $0.99 | $0.64 | $1.17 | $0.95 | $0.61 | $1.08 | $0.72 | $1.06 | $0.66 | $1.01 | $0.63 | $0.96 | $0.45 | $0.92 | $0.61 | $0.81 | $0.51 | $0.89 | $0.48 | $0.62 | $0.49 | $0.40 | $0.27 | $0.49 | $0.21 | $0.37 | $0.37 |
| High Forecast | $0.75 | $1.27 | $1.02 | $0.99 | $0.64 | $1.17 | $0.95 | $0.61 | $1.14 | $0.72 | $1.06 | $0.66 | $1.01 | $0.63 | $0.96 | $0.45 | $0.92 | $0.61 | $0.81 | $0.51 | $0.89 | $0.48 | $0.74 | $0.59 | $0.48 | $0.32 | $0.59 | $0.25 | $0.44 | $0.44 |
| Low Forecast | $0.75 | $1.27 | $1.02 | $0.99 | $0.64 | $1.17 | $0.95 | $0.61 | $1.03 | $0.72 | $1.06 | $0.66 | $1.01 | $0.63 | $0.96 | $0.45 | $0.92 | $0.61 | $0.81 | $0.51 | $0.89 | $0.48 | $0.50 | $0.39 | $0.32 | $0.22 | $0.39 | $0.17 | $0.30 | $0.30 |
| Surprise % | - | - | - | - | - | - | - | - | 0.97% | 1.10% | 0.81% | 0.88% | 0.92% | 0.95% | 0.98% | 0.81% | 1.05% | 1.02% | 1.20% | 0.86% | 0.99% | 1.10% | 0.52% | 1.33% | 1.15% | 1.90% | 0.84% | 2.06% | - | - |
According to 1 Wall Street analysts, MGE Energy's projected average Quarter EPS for Dec 23 is $0.61, with a low estimate of $0.61 and a high estimate of $0.61. This represents a -41.90% decrease compared to MGEE previous annual EPS of $1.05 (Sep 23).
MGE Energy Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AGR | Avangrid | $35.58 | $43.67 | 22.74% | Hold |
| OGE | OGE Energy | $39.84 | $44.50 | 11.70% | Buy |
| DTE | DTE Energy Company | $121.63 | $135.00 | 10.99% | Buy |
| LNT | Alliant Energy | $57.51 | $63.38 | 10.21% | Buy |
| POR | Portland General Electric Company | $46.14 | $50.33 | 9.08% | Buy |
| EVRG | Evergy | $59.79 | $64.25 | 7.46% | Buy |
| CNP | CenterPoint Energy | $29.02 | $31.00 | 6.82% | Hold |
| PNM | PNM Resources | $41.77 | $44.50 | 6.54% | Buy |
| AEE | Ameren | $86.02 | $90.08 | 4.72% | Buy |
| IDA | IDACORP | $106.94 | $105.75 | -1.11% | Hold |
| CMS | CMS Energy | $68.39 | $66.85 | -2.25% | Buy |
| PNW | Pinnacle West Capital | $85.71 | $75.89 | -11.46% | Buy |
| MGEE | MGE Energy | $89.10 | $71.00 | -20.31% | Sell |
MGEE Forecast FAQ
Is MGE Energy a good buy?
No, according to 1 Wall Street analysts, MGE Energy (MGEE) is considered a 'Sell'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of MGEE's total ratings.
What is MGEE's price target?
MGE Energy (MGEE) average price target is $71 with a range of $71 to $71, implying a -20.31% from its last price of $89.1. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will MGE Energy stock go up soon?
According to Wall Street analysts' prediction for MGEE stock, the company can go down by -20.31% (from the last price of $89.1 to the average price target of $71), down by -20.31% based on the highest stock price target, and down by -20.31% based on the lowest stock price target.
Can MGE Energy stock reach $130?
MGEE's average twelve months analyst stock price target of $71 does not support the claim that MGE Energy can reach $130 in the near future.
What are MGE Energy's analysts' financial forecasts?
MGE Energy's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $459.15M (high $459.15M, low $459.15M), average EBITDA is $167.79M (high $167.79M, low $167.79M), average net income is $99.9M (high $99.9M, low $99.9M), average SG&A $8.32M (high $8.32M, low $8.32M), and average EPS is $2.76 (high $2.76, low $2.76). MGEE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $618.65M (high $618.65M, low $618.65M), average EBITDA is $226.07M (high $226.07M, low $226.07M), average net income is $145.87M (high $145.87M, low $145.87M), average SG&A $11.21M (high $11.21M, low $11.21M), and average EPS is $4.03 (high $4.03, low $4.03).
Did the MGEE's actual financial results beat the analysts' financial forecasts?
Based on MGE Energy's last annual report (Dec 2022), the company's revenue was $714.52M, beating the average analysts forecast of $586.26M by 21.88%. Apple's EBITDA was $249.37M, beating the average prediction of $222.66M by 12.00%. The company's net income was $110.95M, missing the average estimation of $114.25M by -2.89%. Apple's SG&A was $0, missing the average forecast of $10.62M by -100.00%. Lastly, the company's EPS was $3.07, missing the average prediction of $3.26 by -5.97%. In terms of the last quarterly report (Sep 2023), MGE Energy's revenue was $160.53M, beating the average analysts' forecast of $155.69M by 3.11%. The company's EBITDA was $46.61M, missing the average prediction of $56.89M by -18.07%. MGE Energy's net income was $37.86M, missing the average estimation of $39.09M by -3.16%. The company's SG&A was $0, missing the average forecast of $2.82M by -100.00%. Lastly, the company's EPS was $1.05, missing the average prediction of $1.08 by -2.78%