MGE Energy (MGEE) Projected to Post Earnings on Wednesday

MGE Energy (NASDAQ:MGEE) will likely be announcing its Q3 2026 results before the market opens on Wednesday, November 4th. Analysts expect MGE Energy to announce earnings of $1.18 per share and revenue of $184.59 million for the quarter. Individuals may visit the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 12:30 PM ET.

MGE Energy (NASDAQ:MGEE) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.12. The business had revenue of $161.19 million for the quarter, compared to the consensus estimate of $166.37 million. On average, analysts expect MGE Energy to post $4.02 EPS for the current fiscal year and $4.20 EPS for the next fiscal year.

MGE Energy Trading Up 0.9%

Shares of MGEE stock opened at $74.17 on Wednesday. MGE Energy has a 1 year low of $68.01 and a 1 year high of $86.81. The stock has a fifty day moving average of $74.19 and a two-hundred day moving average of $77.65.

MGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $0.5083 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, December 1st.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MGEE. Weiss Ratings restated a “hold (c)” rating on shares of MGE Energy in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of MGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Bank of America initiated coverage on MGE Energy in a report on Thursday, September 24th. They set a “neutral” rating and a $76.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on MGE Energy in a research report on Thursday, October 15th. They issued a “neutral” rating and a $76.00 target price for the company. Finally, Morgan Stanley increased their price target on MGE Energy from $71.00 to $72.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, MGE Energy has a consensus rating of “Hold” and a consensus target price of $76.25.

About MGE Energy

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Its principal subsidiary, Madison Gas and Electric Company (MG&E), provides electric and natural gas service to customers in Madison and surrounding communities in south-central Wisconsin.

MG&E generates, purchases, transmits and distributes electricity, while also distributing natural gas. The company serves residential, commercial and industrial customers and offers related energy services, including programs focused on energy efficiency, electrification and renewable energy.

Madison Gas and Electric traces its history to 1855, and MGE Energy was established as the parent company of the utility in 1999.