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 -31.66% downside from MGEE’s last price of $103.89) 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 -31.66% downside from MGEE's last price of $103.89.
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% | -31.66% |
| May 28, 2024 | David Arcaro | Morgan Stanley | $68.00 | $78.42 | -13.29% | -34.55% |
| Dec 15, 2022 | - | Morgan Stanley | $66.00 | $70.89 | -6.90% | -36.47% |
| Nov 11, 2022 | - | Morgan Stanley | $63.00 | $68.95 | -8.63% | -39.36% |
| Sep 22, 2022 | - | Morgan Stanley | $75.00 | $75.34 | -0.45% | -27.81% |
| Jul 21, 2022 | - | Morgan Stanley | $72.00 | $74.72 | -3.63% | -30.70% |
| May 23, 2022 | - | Morgan Stanley | $74.00 | $81.14 | -8.80% | -28.77% |
| May 02, 2022 | - | Morgan Stanley | $77.00 | $77.75 | -0.96% | -25.88% |
| Apr 20, 2022 | - | Morgan Stanley | $78.00 | $83.68 | -6.79% | -24.92% |
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 -31.66% decrease from MGEE last price ($103.89).
MGE Energy Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $71.00 | $69.50 |
| Last Closing Price | $103.89 | $103.89 | $103.89 |
| Upside/Downside | -100.00% | -31.66% | -33.10% |
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 $103.89. 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 | $180.00M | $177.63M | $175.30M | $198.67M | $167.94M | $168.48M | $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 | $180.00M | $177.63M | $175.30M | $198.67M | $167.94M | $168.48M | $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 | $180.00M | $177.63M | $175.30M | $198.67M | $167.94M | $168.48M | $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 | $66.23M | $65.36M | $64.50M | $73.10M | $61.80M | $62.00M | $53.25M | $92.06M | $57.29M | $53.14M | $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 | $66.23M | $65.36M | $64.50M | $73.10M | $61.80M | $62.00M | $53.25M | $92.06M | $57.29M | $53.14M | $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 | $66.23M | $65.36M | $64.50M | $73.10M | $61.80M | $62.00M | $53.25M | $92.06M | $57.29M | $53.14M | $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 % | - | - | - | - | - | - | - | - | 0.81% | 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 $92.06M, with a high of $92.06M and a low of $92.06M. This is 97.50% 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 | $27.16M | $45.99M | $36.94M | $35.85M | $23.18M | $42.37M | $34.39M | $22.09M | $39.11M | $26.07M | $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 | $27.16M | $45.99M | $36.94M | $35.85M | $23.18M | $42.37M | $34.39M | $22.09M | $41.36M | $26.07M | $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 | $27.16M | $45.99M | $36.94M | $35.85M | $23.18M | $42.37M | $34.39M | $22.09M | $37.23M | $26.07M | $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 $22.09M, with a range of $22.09M to $22.09M. MGEE's average Quarter net income forecast represents a -41.65% 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 | $2.99M | $2.95M | $2.91M | $3.30M | $2.79M | $2.80M | $2.64M | $4.16M | $2.59M | $2.40M | $3.25M | $2.74M | $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 | $2.99M | $2.95M | $2.91M | $3.30M | $2.79M | $2.80M | $2.64M | $4.16M | $2.59M | $2.40M | $3.25M | $2.74M | $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 | $2.99M | $2.95M | $2.91M | $3.30M | $2.79M | $2.80M | $2.64M | $4.16M | $2.59M | $2.40M | $3.25M | $2.74M | $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 | $36.08 | $43.67 | 21.04% | Hold |
| DTE | DTE Energy Company | $122.18 | $135.00 | 10.49% | Buy |
| POR | Portland General Electric Company | $46.88 | $50.33 | 7.36% | Buy |
| PNM | PNM Resources | $41.77 | $44.50 | 6.54% | Buy |
| OGE | OGE Energy | $43.11 | $44.50 | 3.22% | Buy |
| LNT | Alliant Energy | $62.23 | $63.38 | 1.85% | Buy |
| EVRG | Evergy | $64.37 | $64.25 | -0.19% | Buy |
| CMS | CMS Energy | $68.52 | $67.50 | -1.49% | Buy |
| CNP | CenterPoint Energy | $31.57 | $31.00 | -1.81% | Hold |
| AEE | Ameren | $92.24 | $90.08 | -2.34% | Buy |
| IDA | IDACORP | $117.96 | $110.50 | -6.32% | Hold |
| PNW | Pinnacle West Capital | $91.79 | $78.44 | -14.54% | Buy |
| MGEE | MGE Energy | $103.89 | $71.00 | -31.66% | Sell |