Ladenburg Thalmann has upgraded MGE Energy Inc (MGEE) to Neutral from Sell as of September 10, 2025. This change indicates a more optimistic outlook on the company's future prospects, potentially reflecting improved fundamentals or enhanced confidence in its strategic direction.
MGE Energy, headquartered in Madison, Wisconsin, operates within the utilities sector, providing natural gas and electric services. The company employs 717 full-time staff and is divided into several segments, including regulated electric utility operations through Madison Gas and Electric Company (MGE) and regulated gas utility operations. Additionally, MGE Energy's nonregulated energy operations involve owning and leasing electric generating capacity, which supports its regulated operations.
As of November 20, 2025, MGE Energy boasts a market capitalization of $3.0 billion, a P/E ratio of 22.13, and an earnings per share (EPS) of 3.69. The company also offers a notable dividend yield of 235.0%. Looking ahead, analysts expect the company to report an EPS of $0.83 on August 4, 2026, and $1.14 on May 5, 2026.
Despite this upgrade, the broader analyst consensus remains cautious, with 0 Strong Buy, 0 Buy, 3 Hold, 2 Sell, and 2 Strong Sell ratings as of November 1, 2025. Analyst ratings are subject to change as new information emerges, and investors are encouraged to consider a variety of factors when making decisions.
This update provides insight into MGE Energy's evolving market perception amid ongoing assessments of its operational performance and strategic initiatives.