Analyst Price Target is $73.00
▲ +8.86% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for MGE Energy in the last 3 months. The average price target is $73.00, with a high forecast of $75.00 and a low forecast of $71.00. The average price target represents a 8.86% upside from the last price of $67.06.
Current Consensus is
The current consensus among 1 contributing investment analysts is to sell stock in MGE Energy. This Sell consensus rating has held steady for over two years.
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through 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-fired, gas-fired, and renewable energy sources, as well as purchases power under short and long-term commitments. As of December 31, 2021, the company generated and distributed electricity to 159,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 169,000 customers in seven Wisconsin counties. MGE Energy, Inc.is headquartered in Madison, Wisconsin.