▼ -12.70% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for MGE Energy in the last 3 months. The average price target is $61.50, with a high forecast of $66.00 and a low forecast of $57.00. The average price target represents a -12.70% upside from the last price of $70.45.
The current consensus among 2 investment analysts is to hold stock in MGE Energy. This rating has held steady since September 2020, when it changed from a Sell consensus rating.
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal, natural gas, and renewable energy sources, as well as purchases power under short and long-term commitments. As of February 26, 2020, the company distributed electricity to 155,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 163,000 customers in seven south-central and western Wisconsin counties. MGE Energy, Inc. was founded in 1855 and is headquartered in Madison, Wisconsin.