Logo MGE Energy, Inc.

MGE Energy, Inc. (MGEE) stock: analyst price target and their real reliability

Live quote · data updated Aug 28, 2026
MGE Energy, Inc. · Utilities · ref. ETF XLU · 50 calls · price $78.36
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What the company does: MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States.

📈 MGE Energy, Inc. (MGEE) stock price

$78.36-8.9% over range
Aug 28, 25low $72.45 · high $87.05Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Hold
50% recommend buying · 2 analysts
📊 JPI status : MGE Energy, Inc. has never appeared in a JPI ranking (Fair or Risk +) — our methods haven't picked it to date. See the selected stocks →
⚠️ The stock trades above the median target: it has beaten expectations. The “Hold” reflects conviction on the company, but the remaining quantified upside is low/negative.

🎯 MGEE price target & analyst consensusprice $78.36

The price target · all analysts combined (2 targets)
Highest target · 1 firm of 2$81+3.4%
Median target · of 2 targets$77.5-1.1%
Lowest target · 1 firm of 2$74-5.6%
Current price$78.36
⭐ What the most reliable analysts say · those who beat their sector, targets replayed on real prices

⭐ The most reliable of them, either direction: Morgan Stanley58% of its targets hit on this sector (33 calls tested). It aims for $74 (-5.6 %), call made on August 22, 2026, maturing on August 22, 2027 (6 d ago).

The 1 reliable analyst $74-5.6 %
The 1 other firm $81+3.4 %
How to read it: the 1 reliable firms are not filtered by optimism — 0 aim above the price, 1 below, hence their $74 median. “The 1 others” are the firms that don't pass our reliability filter on this sector.
The consensus · 2 ratings (last 6 months)
Strong Buy00%
Buy150%
Hold00%
Sell150%
Strong Sell00%
Go deeper on the analysts
All analysts (the consensus)  ·  vs  ·  the best (those who've been right)
💬 A question about MGE Energy, Inc.? The JPI assistant answers using our backtest data.

🏛️ MGE Energy, Inc. insider buying: who's buying and how much › open the full page

1 insider bought1 buys / 6 mo $29k

🔎 Detailed analyses

✅ Historical analyst reliability on MGEE

Hit rate measured on targets already matured (12 months), replayed against real prices. Click a header to sort.

Firm % right i Gain vs sector i Calls i
Morgan Stanley  56% -1.8% 32

📊 What $1,000 invested in MGE Energy, Inc. would be worth › open the full page

In short — $1,000 invested in MGE Energy, Inc. 10 years ago would be worth $1,672 today, i.e. +5%/yr on average. Best year: 2024 (+45%), worst: 2017 (-18%). Price performance, excluding dividends.

If I'd invested $1,000 in MGE Energy, Inc.

InvestmentWorth todayGain
1 years ago$884-12%
3 years ago$1,147+15%
5 years ago$1,274+27%
→ See MGE Energy, Inc.'s full return history + gain calculator

Return by year (MGE Energy, Inc.)

YearReturn$1,000 invested at year start
2026 (YTD)-1%$990 (-1%)
2025-11%$884 (-12%)
2024+45%$1,285 (+28%)
→ See MGE Energy, Inc.'s full return history + gain calculator
⚠️ Past performance, not predictive nor advice. Prices in $, excluding dividends. Yahoo Finance data.

📰 Recent news on MGE Energy, Inc.

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📋 All analyst calls on MGEE

Morgan Stanley 
Aug 21, 26
▼ Underweight · 🎯$74
Price at call : $79.32 — upside -7%
Today : $78.36 — upside -6%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Aug 21, 27
▲ Buy · 🎯$81
Price at call : $76.96 — upside +5%
Today : $78.36 — upside +3%
🎯 on MGEE : no call matured yet · 📊 unranked overall
in progress (365j)
matures : Jun 8, 27
Morgan Stanley 
Apr 21, 26
▼ Underweight · 🎯$78
Price at call : $78.64 — upside -1%
Today : $78.36 — upside -0%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Apr 21, 27
▼ Underweight · 🎯$73
Price at call : $79.17 — upside -8%
Today : $78.36 — upside -7%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Feb 2, 27
Morgan Stanley 
Sep 25, 25
▼ Underweight · 🎯$75
Price at call : $83.26 — upside -10%
Today : $78.36 — upside -4%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Sep 25, 26
■ Neutral neutral · not a buy · 🎯$83
Price at call : $84.26 — gap to target -1%
Today : $78.36 — gap to target +6%
🎯 on MGEE : no call matured yet · 📊 unranked overall
in progress (365j)
matures : Sep 11, 26
Morgan Stanley 
May 22, 25
▼ Underweight · 🎯$74
Price at call : $89.53 — upside -17%
Today : $78.36 — upside -6%
Expected -17% · Actual -15% · Reason (≤ −15%) : ✓ Yes
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+15.0%
stock -15% · XLU +13%
matured May 22, 26
Morgan Stanley 
Apr 23, 25
▼ Underweight · 🎯$75
Price at call : $91.03 — upside -18%
Today : $78.36 — upside -4%
Expected -18% · Actual -12% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+11.5%
stock -12% · XLU +18%
matured Apr 23, 26
See the other 42 calls, newest to oldest
Morgan Stanley 
Mar 20, 25
▼ Underweight · 🎯$80
Price at call : $91.31 — upside -12%
Today : $78.36 — upside +2%
Expected -12% · Actual -17% · Reason (≤ −15%) : ✓ Yes
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+16.7%
stock -17% · XLU +14%
matured Mar 20, 26
Morgan Stanley 
Sep 25, 24
▼ Underweight · 🎯$74
Price at call : $90.06 — upside -18%
Today : $78.36 — upside -6%
Expected -18% · Actual -8% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+7.5%
stock -8% · XLU +9%
matured Sep 25, 25
Morgan Stanley 
Aug 23, 24
▼ Underweight · 🎯$71
Price at call : $87.24 — upside -19%
Today : $78.36 — upside -9%
Expected -19% · Actual -1% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+1.2%
stock -1% · XLU +12%
matured Aug 23, 25
Morgan Stanley 
Jun 24, 24
▼ Underweight · 🎯$65
Price at call : $75.6 — upside -14%
Today : $78.36 — upside -17%
Expected -14% · Actual +18% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-18.0%
stock +18% · XLU +17%
matured Jun 24, 25
Morgan Stanley 
May 28, 24
▼ Underweight · 🎯$68
Price at call : $76.68 — upside -11%
Today : $78.36 — upside -13%
Expected -11% · Actual +18% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-17.9%
stock +18% · XLU +15%
matured May 28, 25
Morgan Stanley 
Nov 21, 23
▼ Underweight · 🎯$62
Price at call : $74.39 — upside -17%
Today : $78.36 — upside -21%
Expected -17% · Actual +40% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-40.0%
stock +40% · XLU +31%
matured Nov 20, 24
Morgan Stanley 
Oct 25, 23
▼ Underweight · 🎯$61
Price at call : $70.93 — upside -14%
Today : $78.36 — upside -22%
Expected -14% · Actual +29% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-29.4%
stock +29% · XLU +37%
matured Oct 24, 24
Morgan Stanley 
Sep 21, 23
▼ Underweight · 🎯$65
Price at call : $73.59 — upside -12%
Today : $78.36 — upside -17%
Expected -12% · Actual +24% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-24.3%
stock +24% · XLU +26%
matured Sep 20, 24
Morgan Stanley 
Aug 23, 23
▼ Underweight · 🎯$63
Price at call : $74.28 — upside -15%
Today : $78.36 — upside -20%
Expected -15% · Actual +17% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-17.4%
stock +17% · XLU +19%
matured Aug 22, 24
Morgan Stanley 
Jul 21, 23
▼ Underweight · 🎯$67
Price at call : $82.41 — upside -19%
Today : $78.36 — upside -14%
Expected -19% · Actual +2% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-2.4%
stock +2% · XLU +4%
matured Jul 20, 24
Morgan Stanley 
Jun 23, 23
▼ Underweight · 🎯$68
Price at call : $77.06 — upside -12%
Today : $78.36 — upside -13%
Expected -12% · Actual -0% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+0.4%
stock -0% · XLU +6%
matured Jun 22, 24
Morgan Stanley 
May 22, 23
▼ Underweight · 🎯$70
Price at call : $75.44 — upside -7%
Today : $78.36 — upside -11%
Expected -7% · Actual +9% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-9.1%
stock +9% · XLU +10%
matured May 21, 24
Morgan Stanley 
Apr 20, 23
▼ Underweight · 🎯$72
Price at call : $77.48 — upside -7%
Today : $78.36 — upside -8%
Expected -7% · Actual +0% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-0.4%
stock +0% · XLU -6%
matured Apr 19, 24
Morgan Stanley 
Mar 21, 23
▼ Underweight · 🎯$68
Price at call : $74.75 — upside -9%
Today : $78.36 — upside -13%
Expected -9% · Actual +1% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-0.7%
stock +1% · XLU -3%
matured Mar 20, 24
Morgan Stanley 
Feb 22, 23
▼ Underweight · 🎯$72
Price at call : $72.07 — upside -0%
Today : $78.36 — upside -8%
Expected -0% · Actual -11% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+10.5%
stock -11% · XLU -7%
matured Feb 22, 24
Morgan Stanley 
Jan 30, 23
▼ Underweight · 🎯$68
Price at call : $71.31 — upside -5%
Today : $78.36 — upside -13%
Expected -5% · Actual -8% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+7.7%
stock -8% · XLU -10%
matured Jan 30, 24
Morgan Stanley 
Jan 23, 23
▼ Underweight · 🎯$67
Price at call : $70.23 — upside -5%
Today : $78.36 — upside -14%
Expected -5% · Actual -4% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+4.1%
stock -4% · XLU -12%
matured Jan 23, 24
Morgan Stanley 
Dec 15, 22
▼ Underweight · 🎯$66
Price at call : $71.05 — upside -7%
Today : $78.36 — upside -16%
Expected -7% · Actual +1% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-1.5%
stock +1% · XLU -10%
matured Dec 15, 23
Morgan Stanley 
Nov 11, 22
▼ Underweight · 🎯$63
Price at call : $69.13 — upside -9%
Today : $78.36 — upside -20%
Expected -9% · Actual +3% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-2.9%
stock +3% · XLU -12%
matured Nov 11, 23
Morgan Stanley 
Oct 21, 22
▼ Underweight · 🎯$59
Price at call : $64.68 — upside -9%
Today : $78.36 — upside -25%
Expected -9% · Actual +8% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-8.3%
stock +8% · XLU -10%
matured Oct 21, 23
Morgan Stanley 
Sep 22, 22
▼ Underweight · 🎯$75
Price at call : $73.73 — upside +2%
Today : $78.36 — upside -4%
Expected +2% · Actual -0% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+0.3%
stock -0% · XLU -12%
matured Sep 22, 23
Morgan Stanley 
Aug 23, 22
▼ Underweight · 🎯$77
Price at call : $82.7 — upside -7%
Today : $78.36 — upside -2%
Expected -7% · Actual -8% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+8.3%
stock -8% · XLU -17%
matured Aug 23, 23
Morgan Stanley 
Jul 21, 22
▼ Underweight · 🎯$72
Price at call : $75.01 — upside -4%
Today : $78.36 — upside -8%
Expected -4% · Actual +9% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
-9.5%
stock +9% · XLU -0%
matured Jul 21, 23
Morgan Stanley 
May 23, 22
▼ Underweight · 🎯$74
Price at call : $80.08 — upside -8%
Today : $78.36 — upside -6%
Expected -8% · Actual -6% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+6.2%
stock -6% · XLU -9%
matured May 23, 23
▼ Underweight · 🎯$77
Price at call : $77.57 — upside -1%
Today : $78.36 — upside -2%
Expected -1% · Actual -0% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+0.4%
stock -0% · XLU -4%
matured May 2, 23
Morgan Stanley 
Apr 20, 22
▼ Underweight · 🎯$78
Price at call : $82.61 — upside -6%
Today : $78.36 — upside -0%
Expected -6% · Actual -6% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+6.3%
stock -6% · XLU -8%
matured Apr 20, 23
Morgan Stanley 
Mar 22, 22
▼ Underweight · 🎯$73
Price at call : $76.45 — upside -5%
Today : $78.36 — upside -7%
Expected -5% · Actual -5% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+4.8%
stock -5% · XLU -10%
matured Mar 22, 23
Morgan Stanley 
Jan 25, 22
▼ Underweight · 🎯$72
Price at call : $75.42 — upside -5%
Today : $78.36 — upside -8%
Expected -5% · Actual -6% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+6.4%
stock -6% · XLU +4%
matured Jan 25, 23
Morgan Stanley 
Dec 21, 21
▼ Underweight · 🎯$73
Price at call : $78.3 — upside -7%
Today : $78.36 — upside -7%
Expected -7% · Actual -9% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+9.2%
stock -9% · XLU +2%
matured Dec 21, 22
Morgan Stanley 
Nov 17, 21
▼ Underweight · 🎯$69
Price at call : $74.05 — upside -7%
Today : $78.36 — upside -12%
Expected -7% · Actual -6% · Reason (≤ −15%) : ✗ No
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
+6.3%
stock -6% · XLU +0%
matured Nov 17, 22
Morgan Stanley 
Sep 17, 21
■ Equal-Weight neutral · not a buy · 🎯$73
Price at call : $76.68 — gap to target -5%
Today : $78.36 — gap to target -7%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Sep 17, 22
Morgan Stanley 
Aug 19, 21
■ Equal-Weight neutral · not a buy · 🎯$74
Price at call : $81.19 — gap to target -9%
Today : $78.36 — gap to target -6%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Aug 19, 22
Morgan Stanley 
Jul 20, 21
■ Equal-Weight neutral · not a buy · 🎯$71
Price at call : $76.34 — gap to target -7%
Today : $78.36 — gap to target -9%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Jul 20, 22
Morgan Stanley 
Jun 21, 21
■ Equal-Weight neutral · not a buy · 🎯$73
Price at call : $75.71 — gap to target -4%
Today : $78.36 — gap to target -7%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Jun 21, 22
Morgan Stanley 
May 18, 21
■ Equal-Weight neutral · not a buy · 🎯$71
Price at call : $74.74 — gap to target -5%
Today : $78.36 — gap to target -9%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : May 18, 22
Morgan Stanley 
Apr 27, 21
■ Equal-Weight neutral · not a buy · 🎯$73
Price at call : $73.73 — gap to target -1%
Today : $78.36 — gap to target -7%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Apr 27, 22
Morgan Stanley 
Apr 20, 21
■ Equal-Weight neutral · not a buy · 🎯$69
Price at call : $74.94 — gap to target -8%
Today : $78.36 — gap to target -12%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Apr 20, 22
Morgan Stanley 
Mar 19, 21
■ Equal-Weight neutral · not a buy · 🎯$64
Price at call : $71.93 — gap to target -11%
Today : $78.36 — gap to target -18%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Mar 19, 22
Morgan Stanley 
Jan 20, 21
■ Equal-Weight neutral · not a buy · 🎯$65
Price at call : $65.88 — gap to target -1%
Today : $78.36 — gap to target -17%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Jan 20, 22
Morgan Stanley 
Dec 15, 20
■ Equal-Weight neutral · not a buy · 🎯$68
Price at call : $71.66 — gap to target -5%
Today : $78.36 — gap to target -13%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Dec 15, 21
Morgan Stanley 
Nov 17, 20
■ Equal-Weight neutral · not a buy · 🎯$66
Price at call : $73.26 — gap to target -10%
Today : $78.36 — gap to target -16%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Nov 17, 21
Morgan Stanley 
Oct 20, 20
■ Equal-Weight neutral · not a buy · 🎯$62
Price at call : $66.9 — gap to target -7%
Today : $78.36 — gap to target -21%
🎯 on MGEE : 56% (32 calls matureds) · 📊 on Utilities : 48.5% · +1.6% (33 calls)
in progress (365j)
matures : Oct 20, 21

Frequently asked questions

Should I buy MGE Energy, Inc. stock?

This isn't buy advice. For MGE Energy, Inc., the analyst consensus is "Hold", with an average price target of $77.50 (-1% vs the current price). What matters is their past reliability on this stock: the most reliable one is right 56% of the time (32 calls tracked on MGE Energy, Inc.). We show the numbers — you decide.

Is it too late to buy MGE Energy, Inc.? How high can it go?

The most bullish analyst target on MGE Energy, Inc. is $81.00 (+3% above today's price); the average is $77.50. That's the upside they see. Check how reliable those analysts have actually been on MGE Energy, Inc. on our site before trusting it.

Is MGE Energy, Inc. still a good buy?

The most useful "opinion" isn't an opinion — it's a track record: 1 analyst have a real record on MGE Energy, Inc., the best hitting 56% over 32 calls. Current consensus: "Hold". Make your call on data, not noise.

What has MGE Energy, Inc.'s past performance been?

Historical returns and a "how much if I had invested" calculator: MGEE performance & returns.

Are insiders buying MGEE stock?

Executives' and large holders' buys and sells, decoded: insider buying on MGEE.

Other Utilities stocks

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JPI AI Analyst AI assistant · JPI Invest
Answers based on the tool’s data · not financial advice · full version (free)