MGEE trades 7.3% below Wall Street's consensus target of $76.00.
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 18.1x. This scenario reflects the blended consensus of 4 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, MGE Energy, Inc. (MGEE) has a Wall Street consensus price target of $76.00, based on estimates from 4 covering analysts. With the stock currently trading at $70.86, this represents a potential upside of +7.3%. The company has a market capitalization of $2.67B.
Analyst price targets range from a low of $76.00 to a high of $76.00, representing a 0% spread in expectations. The median target of $76.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 1 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, MGEE trades at a trailing P/E of 19.0x and forward P/E of 18.1x. The forward PEG ratio of 2.44 reflects a premium valuation. Analysts expect EPS to grow -2.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $83.89, with bear and bull scenarios of $52.85 and $110.53 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 OTTROtter Tail Corporation | $3.7B | $89.15 | $81.00 | -9.1% | Hold | 14.7x | 7 |
 AVAAvista Corporation | $2.9B | $35.45 | $38.00 | +7.2% | Hold | 13.6x | 15 |
 NWENorthwestern Energy Group Inc | $4.2B | $68.70 | $68.50 | -0.3% | Hold | 18.3x | 18 |
 LAURLaureate Education, Inc. | $5.1B | $36.72 | $40.83 | +11.2% | Buy | 17.4x | 11 |
 CWCOConsolidated Water Co. Ltd. | $449M | $28.09 | — | — | Buy | 30.9x | 6 |
 WECWEC Energy Group, Inc. | $33.0B | $101.17 | $119.80 | +18.4% | Hold | 18.1x | 35 |
 EVRGEvergy, Inc. | $18.1B | $78.42 | $92.25 | +17.6% | Hold | 18.4x | 18 |
 ITRIItron, Inc. | $4.0B | $91.32 | $134.80 | +47.6% | Hold | 14.2x | 37 |
 ALEALLETE, Inc. | $3.9B | $67.90 | $58.00 | -14.6% | Hold | 16.6x | 16 |
 IDAIDACORP, Inc. | $7.1B | $128.66 | $155.20 | +20.6% | Buy | 20.2x | 13 |
Quick answers to the most common questions about buying MGEE stock.
The consensus price target for MGEE is $76, close to the current price of $70.86 (7.3% implied move). Based on 4 analyst estimates, the stock appears fairly valued near current levels.
MGEE has a consensus rating of "Hold" based on 4 Wall Street analysts. The rating breakdown is mixed, with 2 Hold ratings making up the largest segment. The consensus 12-month price target of $76 implies 7.3% upside from current levels.
With a forward P/E of 18.0996x, MGEE trades at a relatively low valuation. The consensus target of $76 implies 7.3% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $76 for MGEE, while the most conservative target is $76. The consensus of $76 represents the median expectation. Our quantitative valuation model projects a bull case target of $111 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MGEE is lightly followed, with 4 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 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 4 Wall Street analysts shows a consensus price target of $76, with estimates ranging from $76 (bear case) to $76 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $84, with bear/bull scenarios of $53/$111.
Our quantitative valuation model calculates MGEE's fair value at $84 (base case), with a bear case of $53 and bull case of $111. 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 45/100.
MGEE trades at a forward P/E ratio of 18.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 19.0x. The lower forward P/E indicates analysts expect earnings growth. 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 "Hold" rating and minimal upside to the $76 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 $76, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $76 consensus represents the middle ground. Our model's $53-$111 range provides an independent fundamental perspective.
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