MGE ENERGY INC MGEE 77.99
Utilities · NASDAQ · Data as of 2026-05-07
MGE ENERGY INC (MGEE) has delivered +3.7% annualized revenue growth, +5.8% earnings growth, and +5.6% dividend growth over 10 years of data. Ranked #132 of 1968 stocks overall and #16 of 87 in the Utilities sector by Steady Score.
About MGE ENERGY INC
Company Overview
MGE Energy is a utility holding company centered on Madison Gas and Electric, which provides electricity and natural gas in south-central Wisconsin. The utility generates, purchases and distributes electricity and delivers gas to residential, commercial and industrial customers. Its service territory includes Madison and surrounding communities. The company invests in renewable generation, distribution reliability, energy storage and infrastructure needed to support regional growth and changing energy needs.
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Business Model & Revenue
Most revenue comes from regulated utility rates approved by the Public Service Commission of Wisconsin. Rates are designed to recover prudent operating costs and provide a return on eligible capital investment. Customer usage, weather and economic activity influence sales, while fuel mechanisms address many energy-cost changes. MGE Energy funds long-lived utility projects with operating cash, debt and equity and also holds nonregulated energy-related investments.
Key Facts & Market Position
The company operates in a focused, economically stable service territory anchored by Wisconsin's capital and a major university. A predominantly regulated model supports predictable operations but concentrates regulatory exposure in one state. Renewable development and electrification can expand investment, while customer affordability, reliability, weather, rate decisions and the transition of existing generation shape performance.