MGE Energy, Inc. (MGEE) Price Target Analysis

Updated Jul 2, 2026

Analyst Rating: Hold

Based on 4 analysts

15.6% Above Target

MGEE trades 15.6% above Wall Street's consensus target of $70.00.

Current Price$82.96

Average Target$70.00

Low$70.00

Median$70.00

High$70.00

Analyst Target Range

Forward P/E21.1x

(Fair)

PEG Ratio2.84

(Pricey)

Implied Growth+0.8%

(Low)

Analyst Spread0.0%

(High Agreement)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$82.96

Consensus$70.00

High$70.00

Low$70.00

Consensus Scenario Assumptions

The base valuation assumes MGEE achieves its forward estimates and maintains a stable P/E multiple of 21.1x. This scenario reflects the blended consensus of 4 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 4 published analyst recommendations for MGEE

50% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 4 ratings

ConsensusHold

Coverage4 Analysts

Net Score+0

Bull / Bear25% / 25%

Strong Buy00%

Buy125%

Hold250%

Sell125%

Strong Sell00%

Strong Buy

00%

Buy

125%

Hold

250%

Sell

125%

Strong Sell

00%

Recommendation Mix25% Buy · 50% Hold · 25% Sell

Buy (1)Hold (2)Sell (1)

MGEE Price Target Analysis

Updated July 7, 2026

As of July 7, 2026, MGE Energy, Inc. (MGEE) has a Wall Street consensus price target of $70.00, based on estimates from 4 covering analysts. With the stock currently trading at $82.96, this represents a potential downside of -15.6%. The company has a market capitalization of $3.05B.

Analyst price targets range from a low of $70.00 to a high of $70.00, representing a 0% spread in expectations. The median target of $70.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.

The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 1 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.

From a valuation perspective, MGEE trades at a trailing P/E of 22.3x and forward P/E of 21.1x. The forward PEG ratio of 2.84 reflects a premium valuation. Analysts expect EPS to grow +0.8% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $83.89, with bear and bull scenarios of $52.85 and $110.53 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Utilities stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+3.6%

Industry Consensus

Avg Forward P/E

19.7x

(Fair)

Peers with Coverage

9 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
OTTROtter Tail Corporation	$3.8B	$90.49	$81.00	-10.5%	Hold	15.9x	7
AVAAvista Corporation	$3.4B	$40.66	$39.00	-4.1%	Hold	15.6x	15
NWENorthwestern Energy Group Inc	$4.3B	$69.69	$66.33	-4.8%	Hold	18.7x	18
LAURLaureate Education, Inc.	$5.7B	$39.59	$39.00	-1.5%	Buy	18.6x	11
CWCOConsolidated Water Co. Ltd.	$468M	$29.25	—	—	Buy	32.9x	6
WECWEC Energy Group, Inc.	$38.0B	$116.63	$124.29	+6.6%	Hold	20.8x	35
EVRGEvergy, Inc.	$19.9B	$86.27	$90.14	+4.5%	Hold	20.3x	18
ITRIItron, Inc.	$3.8B	$86.74	$136.80	+57.7%	Hold	14.5x	37
ALEALLETE, Inc.	$3.9B	$67.90	$58.00	-14.6%	Hold	16.6x	16
IDAIDACORP, Inc.	$8.4B	$151.09	$149.17	-1.3%	Buy	23.7x	13

MGEE — Frequently Asked Questions

Quick answers to the most common questions about buying MGEE stock.

What is the MGEE stock price target for 2026?

MGEE's consensus price target is $70, -15.6% below the current price of $82.96. The 4 analysts tracking MGEE see downside risk at present valuations.

Is MGEE a buy, sell, or hold?

MGEE has a consensus rating of "Hold" based on 4 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $70 implies -15.6% downside from current levels.

Is MGEE stock overvalued or undervalued?

MGEE trades at a forward P/E of 21.1094x, representing a moderate valuation. With analysts targeting $70 (-15.6% implied move), the stock appears close to fair value.

How high can MGEE stock go?

The most bullish Wall Street analyst has a price target of $70 for MGEE, while the most conservative target is $70. The consensus of $70 represents the median expectation. Our quantitative valuation model projects a bull case target of $111 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover MGEE stock?

MGEE is lightly followed, with 4 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 2 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the MGEE stock forecast?

The 12-month MGEE stock forecast based on 4 Wall Street analysts shows a consensus price target of $70, with estimates ranging from $70 (bear case) to $70 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $84, with bear/bull scenarios of $53/$111.

What is MGEE's fair value based on fundamentals?

Our quantitative valuation model calculates MGEE's fair value at $84 (base case), with a bear case of $53 and bull case of $111. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 45/100.

What is MGEE's forward P/E ratio?

MGEE trades at a forward P/E ratio of 21.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy MGEE stock?

Analysts are cautious on MGEE, with 1 Sell ratings and a price target of $70 (-15.6% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do MGEE price targets vary so much?

MGEE analyst price targets range from $70 to $70, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $70 consensus represents the middle ground. Our model's $53-$111 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools