MGE Energy (MGEE) Stock Forecast, Price Target & Predictions

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MGEE Stock Forecast

MGE Energy stock forecast is as follows: an average price target of $71.00 (represents a -24.84% downside from MGEE’s last price of $94.46) 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 -24.84% downside from MGEE's last price of $94.46.

MGEE Analyst Ratings

Sell

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%	-24.84%
May 28, 2024	David Arcaro	Morgan Stanley	$68.00	$78.42	-13.29%	-28.01%
Dec 15, 2022		Morgan Stanley	$66.00	$70.89	-6.90%	-30.13%
Nov 11, 2022		Morgan Stanley	$63.00	$68.95	-8.63%	-33.31%
Sep 22, 2022		Morgan Stanley	$75.00	$75.34	-0.45%	-20.60%
Jul 21, 2022		Morgan Stanley	$72.00	$74.72	-3.63%	-23.78%
May 23, 2022		Morgan Stanley	$74.00	$81.14	-8.80%	-21.66%
May 02, 2022		Morgan Stanley	$77.00	$77.75	-0.96%	-18.48%
Apr 20, 2022		Morgan Stanley	$78.00	$83.68	-6.79%	-17.43%

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 -24.84% decrease from MGEE last price ($94.46).

MGE Energy Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$69.50
Last Closing Price	$94.46	$94.46	$94.46
Upside/Downside	-100.00%	-100.00%	-26.42%

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 $94.46. This month's average price target is down NaN% 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	$198.17M	$176.19M	$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	$198.17M	$176.19M	$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	$198.17M	$176.19M	$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	$72.92M	$64.83M	$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	$72.92M	$64.83M	$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	$72.92M	$64.83M	$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	$34.04M	$45.26M	$28.97M	$34.76M	$30.42M	$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	$34.04M	$45.26M	$28.97M	$34.76M	$30.42M	$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	$34.04M	$45.26M	$28.97M	$34.76M	$30.42M	$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	$3.29M	$2.93M	$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	$3.29M	$2.93M	$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	$3.29M	$2.93M	$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	$0.94	$1.25	$0.80	$0.96	$0.84	$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	$0.94	$1.25	$0.80	$0.96	$0.84	$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	$0.94	$1.25	$0.80	$0.96	$0.84	$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	$35.63	$43.67	22.57%	Hold
DTE	DTE Energy Company	$120.70	$137.29	13.74%	Buy
POR	Portland General Electric Company	$44.49	$49.60	11.49%	Buy
EVRG	Evergy	$61.50	$68.50	11.38%	Buy
CMS	CMS Energy	$67.04	$73.40	9.49%	Buy
LNT	Alliant Energy	$59.57	$63.14	5.99%	Buy
PNW	Pinnacle West Capital	$86.10	$90.67	5.31%	Buy
AEE	Ameren	$88.68	$90.00	1.49%	Buy
CNP	CenterPoint Energy	$31.71	$32.00	0.91%	Hold
IDA	IDACORP	$112.12	$110.50	-1.44%	Hold
OGE	OGE Energy	$41.78	$39.00	-6.65%	Buy
MGEE	MGE Energy	$95.75	$71.00	-25.85%	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 -24.84% from its last price of $94.46. 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 -24.84% (from the last price of $94.46 to the average price target of $71), down by -24.84% based on the highest stock price target, and down by -24.84% based on the lowest stock price target.

Can MGE Energy stock reach $140?

MGEE's average twelve months analyst stock price target of $71 does not support the claim that MGE Energy can reach $140 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 $490.38M (high $490.38M, low $490.38M), average EBITDA is $180.08M (high $180.08M, low $180.08M), average net income is $107.17M (high $107.17M, low $107.17M), average SG&A $8.37M (high $8.37M, low $8.37M), and average EPS is $2.96 (high $2.96, low $2.96). MGEE's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $731.09M (high $731.09M, low $731.09M), average EBITDA is $269.02M (high $269.02M, low $269.02M), average net income is $143.03M (high $143.03M, low $143.03M), average SG&A $12.15M (high $12.15M, low $12.15M), and average EPS is $3.95 (high $3.95, low $3.95).

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 $10.38M 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 $57.29M by -18.63%. MGE Energy's net income was $37.86M, missing the average estimation of $39.11M by -3.20%. The company's SG&A was $0, missing the average forecast of $2.59M by -100.00%. Lastly, the company's EPS was $1.05, missing the average prediction of $1.08 by -2.78%