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Mge Energy Inc. (MGEE) Stock Fundamental Analysis & AI Rating 2026

MGEE Nasdaq Electric, Gas & Sanitary Services WI CIK: 0001161728
Updated This Month • Analysis: Apr 1, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
72% Confidence
AGREEMENT
SELL
75% Conf
HOLD
68% Conf

📊 MGEE Key Takeaways

Revenue: $-33.8M
Net Margin: -402.1%
Free Cash Flow: $-80.0M
Current Ratio: 0.77x
Debt/Equity: 0.61x
EPS: $3.72
AI Rating: SELL with 75% confidence
Mge Energy Inc. (MGEE) receives a SELL rating with 72% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of -$33.8M, net profit margin of -402.1%, and return on equity (ROE) of 10.4%, Mge Energy Inc. demonstrates mixed fundamentals in the Utilities sector. Below is our complete MGEE stock analysis for 2026.

Is Mge Energy Inc. (MGEE) a Good Investment?

Claude

MGE Energy exhibits severe accounting anomalies with negative revenue (-2.6% YoY) yet positive operating and net income, indicating potential data quality issues or non-standard business classification. The company's negative free cash flow (-$80M) despite $263M operating cash flow signals unsustainable capital expenditure ($343M), raising concerns about investment returns and financial sustainability.

ChatGPT

MGE Energy shows the core traits of a financially sound regulated utility: steady net income, solid returns on equity and assets, and strong interest coverage despite a sizable capital program. However, free cash flow is negative because capital expenditures exceed operating cash flow, liquidity is thin, and the reported negative revenue/margin figures indicate data-quality distortions that reduce confidence in the headline profitability metrics.

Why Buy Mge Energy Inc. Stock? MGEE Key Strengths

Claude
  • + Strong interest coverage ratio of 12.2x indicates ability to service debt obligations
  • + Positive operating cash flow of $263.2M demonstrates underlying business cash generation
  • + Moderate debt-to-equity ratio of 0.61x suggests acceptable leverage levels
ChatGPT
  • + Net income remained stable while diluted EPS grew 11.7%, indicating decent per-share earnings progression
  • + ROE of 10.4% and ROA of 4.3% suggest respectable profitability for a capital-intensive utility business
  • + Interest coverage of 12.2x and debt-to-equity of 0.61x indicate manageable leverage and good debt-servicing capacity

MGEE Stock Risks: Mge Energy Inc. Investment Risks

Claude
  • ! Fundamental data contradiction: negative revenue growth cannot logically produce positive net income without extraordinary items, suggesting unreliable financial reporting or data integrity issues
  • ! Negative free cash flow (-$80M) with capex exceeding operating cash flow indicates unsustainable business model or value-destructive capital allocation
  • ! Critically low current ratio of 0.77x indicates insufficient liquid assets to cover short-term obligations, presenting immediate liquidity risk
ChatGPT
  • ! Negative free cash flow of $79.99M shows internal cash generation is not currently covering capital investment needs
  • ! Current and quick ratios of 0.77x point to limited short-term liquidity flexibility
  • ! Reported negative revenue and extreme margin figures suggest accounting or data-mapping issues, which make trend analysis less reliable

Key Metrics to Watch

Claude
  • * Resolution of revenue decline vs. income growth contradiction in next filing
  • * Free cash flow trend and sustainability of high capital expenditure program
  • * Current ratio improvement and working capital management
ChatGPT
  • * Operating cash flow relative to capital expenditures
  • * Debt levels and current ratio/liquidity trend

Mge Energy Inc. (MGEE) Financial Metrics & Key Ratios

Revenue
$-33.8M
Net Income
$135.9M
EPS (Diluted)
$3.72
Free Cash Flow
$-80.0M
Total Assets
$3.2B
Cash Position
$5.7M

💡 AI Analyst Insight

The 236.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

MGEE Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -504.9%
Net Margin -402.1%
ROE 10.4%
ROA 4.3%
FCF Margin 236.7%

MGEE vs Utilities Sector: How Mge Energy Inc. Compares

How Mge Energy Inc. compares to Utilities sector averages

Net Margin
MGEE -402.1%
vs
Sector Avg 12.0%
MGEE Sector
ROE
MGEE 10.4%
vs
Sector Avg 10.0%
MGEE Sector
Current Ratio
MGEE 0.8x
vs
Sector Avg 0.8x
MGEE Sector
Debt/Equity
MGEE 0.6x
vs
Sector Avg 1.4x
MGEE Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Mge Energy Inc. Stock Overvalued? MGEE Valuation Analysis 2026

Based on fundamental analysis, Mge Energy Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
10.4%
Sector avg: 10%
Net Profit Margin
-402.1%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.61x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Mge Energy Inc. Balance Sheet: MGEE Debt, Cash & Liquidity

Current Ratio
0.77x
Quick Ratio
0.77x
Debt/Equity
0.61x
Debt/Assets
0.0%
Interest Coverage
12.24x
Long-term Debt
$792.2M

MGEE Revenue & Earnings Growth: 5-Year Financial Trend

MGEE 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Mge Energy Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $3.25 reflects profitable operations.

MGEE Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
236.7%
Free cash flow / Revenue

Mge Energy Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$263.2M
Cash generated from operations
Capital Expenditures
$343.2M
Investment in assets
Dividends Paid
$67.6M
Returned to shareholders

MGEE SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Mge Energy Inc. (CIK: 0001161728)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 DEF 14A mgee-20260325.htm View →
Mar 12, 2026 4 xslF345X05/ownership.xml View →
Mar 3, 2026 4 xslF345X05/ownership.xml View →
Mar 3, 2026 4 xslF345X05/ownership.xml View →
Mar 3, 2026 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about MGEE

What is the AI rating for MGEE?

Mge Energy Inc. (MGEE) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 72% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are MGEE's key strengths?

Claude: Strong interest coverage ratio of 12.2x indicates ability to service debt obligations. Positive operating cash flow of $263.2M demonstrates underlying business cash generation. ChatGPT: Net income remained stable while diluted EPS grew 11.7%, indicating decent per-share earnings progression. ROE of 10.4% and ROA of 4.3% suggest respectable profitability for a capital-intensive utility business.

What are the risks of investing in MGEE?

Claude: Fundamental data contradiction: negative revenue growth cannot logically produce positive net income without extraordinary items, suggesting unreliable financial reporting or data integrity issues. Negative free cash flow (-$80M) with capex exceeding operating cash flow indicates unsustainable business model or value-destructive capital allocation. ChatGPT: Negative free cash flow of $79.99M shows internal cash generation is not currently covering capital investment needs. Current and quick ratios of 0.77x point to limited short-term liquidity flexibility.

What is MGEE's revenue and growth?

Mge Energy Inc. reported revenue of $-33.8M.

Does MGEE pay dividends?

Mge Energy Inc. pays dividends, with $67.6M distributed to shareholders in the trailing twelve months.

Where can I find MGEE SEC filings?

Official SEC filings for Mge Energy Inc. (CIK: 0001161728) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MGEE's EPS?

Mge Energy Inc. has a diluted EPS of $3.72.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MGEE a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Mge Energy Inc. has a SELL rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is MGEE stock overvalued or undervalued?

Valuation metrics for MGEE: ROE of 10.4% (sector avg: 10%), net margin of -402.1% (sector avg: 12%). Higher ROE suggests strong returns relative to peers.

Should I buy MGEE stock in 2026?

Our dual AI analysis gives Mge Energy Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MGEE's free cash flow?

Mge Energy Inc.'s operating cash flow is $263.2M, with capital expenditures of $343.2M. FCF margin is 236.7%.

How does MGEE compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -402.1% (avg: 12%), ROE 10.4% (avg: 10%), current ratio 0.77 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 1, 2026 | Data as of: 2025-12-31 | Powered by Claude AI