MGEE trades 1.5% below Wall Street's consensus target of $81.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MGEE achieves its forward estimates and maintains a stable P/E multiple of 20.2x. This scenario reflects the blended consensus of 5 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, MGE Energy, Inc. (MGEE) has a Wall Street consensus price target of $81.50, based on estimates from 5 covering analysts. With the stock currently trading at $80.26, this represents a potential upside of +1.5%. The company has a market capitalization of $3.03B.
Analyst price targets range from a low of $76.00 to a high of $87.00, representing a 13% spread in expectations. The median target of $81.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 2 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, MGEE trades at a trailing P/E of 18.9x and forward P/E of 20.2x. The forward PEG ratio of 2.72 reflects a premium valuation. Analysts expect EPS to grow -0.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $86.09, with bear and bull scenarios of $54.24 and $113.43 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 OTTROtter Tail Corporation | $3.3B | $78.44 | $81.00 | +3.3% | Hold | 12.9x | 7 |
 AVAAvista Corporation | $3.3B | $40.23 | $35.00 | -13.0% | Hold | 15.2x | 15 |
 NWENorthwestern Energy Group Inc | $5.1B | $82.73 | $81.67 | -1.3% | Hold | 22.1x | 18 |
 LAURLaureate Education, Inc. | $4.7B | $33.59 | $39.75 | +18.3% | Buy | 15.9x | 11 |
 CWCOConsolidated Water Co. Ltd. | $436M | $27.22 | — | — | Buy | 29.9x | 6 |
 WECWEC Energy Group, Inc. | $37.7B | $115.87 | $114.58 | -1.1% | Hold | 20.6x | 35 |
 EVRGEvergy, Inc. | $20.2B | $87.54 | $89.67 | +2.4% | Hold | 20.4x | 18 |
 ITRIItron, Inc. | $4.3B | $98.44 | $134.33 | +36.5% | Hold | 14.6x | 38 |
 IDAIDACORP, Inc. | $8.1B | $146.55 | $153.75 | +4.9% | Buy | 22.8x | 13 |
 PORPortland General Electric Company | $5.3B | $45.95 | $52.00 | +13.2% | Hold | 14.0x | 24 |
Quick answers to the most common questions about buying MGEE stock.
The consensus price target for MGEE is $81.5, close to the current price of $80.26 (1.5% implied move). Based on 5 analyst estimates, the stock appears fairly valued near current levels.
MGEE has a consensus rating of "Buy" based on 5 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $81.5 implies 1.5% upside from current levels.
MGEE trades at a forward P/E of 20.2039x, representing a moderate valuation. With analysts targeting $81.5 (1.5% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $87 for MGEE, while the most conservative target is $76. The consensus of $81.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $113 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MGEE is moderately covered, with 5 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 2 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MGEE stock forecast based on 5 Wall Street analysts shows a consensus price target of $81.5, with estimates ranging from $76 (bear case) to $87 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $86, with bear/bull scenarios of $54/$113.
Our quantitative valuation model calculates MGEE's fair value at $86 (base case), with a bear case of $54 and bull case of $113. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
MGEE trades at a forward P/E ratio of 20.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 18.9x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
MGEE appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $81.5 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MGEE analyst price targets range from $76 to $87, a 13% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $81.5 consensus represents the middle ground. Our model's $54-$113 range provides an independent fundamental perspective.
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