The company generates electricity from coal-fired, gas-fired, and renewable energy sources, and provides solar and wind generation and battery storage services. MGE Energy has increased its dividend for more than 50 consecutive years and achieved Dividend King status with 110+ years of dividend payments.
Cyborg Score Rationale
2025 revenue reached $743.65 million (+12.68%) with earnings of $135.89 million (+12.71%), demonstrating solid financial growth. As a newly minted Dividend King with consistent dividend growth, the company offers reliable income stability. However, analyst ratings average "Sell" with a 12-month price target of $78.0 representing a -3.91% decrease.
Top Insights
Achieved Dividend King status with 50+ consecutive years of dividend growth and 110+ years of dividend payments
Expanding renewable portfolio with solar, wind generation and battery storage services
Revenue growth of 12.68% to $743.65 million in 2025 demonstrates operational momentum
Serves 163,000 electricity customers in Dane County and 176,000 natural gas customers across seven Wisconsin counties
Named Competitors
Electric & Gas Utility Services — Regional utility serving Northwestern US
Electric & Gas Utility Services — Upper Midwest utility provider
Electric & Gas Utility Services — Regional Midwest utility
Recent Developments
(February 2025) Achieved Dividend King status with 50+ consecutive years of dividend growth
(2025) Revenue increased 12.68% to $743.65 million with earnings growth of 12.71%
(2024) Owned and operated 825 miles of overhead electric distribution lines and 1,359 miles of underground cables with 48 substations
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