MGE Energy (MGEE)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from MGEE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from MGE Energy's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $607M | $715M | $690M | $677M | $744M |
| Net income | $106M | $111M | $118M | $121M | $136M |
| Free cash flow | -$16M | -$21M | $15M | $41M | -$80M |
| EPS (diluted) | $2.92 | $3.07 | $3.25 | $3.33 | $3.72 |
| Operating margin | 19.3% | 19.3% | 21.2% | 21.6% | 22.9% |
Superinvestors who own MGEE
From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $24M | 0.01% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
New position | $636,012 | 0.01% | Q2 2026 |
Insider buying
Open-market purchases by MGE Energy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 9, 2026 | James G Berbee Director |
275 | $77.35 | $21,251 |
| Mar 11, 2026 | James G Berbee |
373 | $77.74 | $28,997 |
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In the full deep dive
Questions
Are MGE Energy insiders buying the stock?
2 open-market insider purchases of MGEE in the last 12 months, from SEC Form 4 filings.
Which superinvestors own MGE Energy?
2 of the superinvestors Investingly tracks hold MGEE in their latest 13F, including Cliff Asness, Mario Gabelli.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.