MGE Energy Inc has a consensus price target of $67.5, established from looking at the 32 latest analyst ratings. The last 3 analyst ratings were released from Morgan Stanley, Morgan Stanley, and Morgan Stanley on November 21, 2023, October 25, 2023, and September 21, 2023. With an average price target of $62.67 between Morgan Stanley, Morgan Stanley, and Morgan Stanley, there's an implied -19.17% downside for MGE Energy Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
11/21/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -20.03% | Morgan Stanley | Stephen Byrd | $61 → $62 | Maintains | Underweight | Get Alert |
10/25/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -21.32% | Morgan Stanley | Stephen Byrd | $65 → $61 | Maintains | Underweight | Get Alert |
09/21/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -16.16% | Morgan Stanley | Stephen Byrd | $63 → $65 | Maintains | Underweight | Get Alert |
08/23/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -18.74% | Morgan Stanley | Stephen Byrd | $67 → $63 | Maintains | Underweight | Get Alert |
07/21/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -13.58% | Morgan Stanley | Stephen Byrd | $68 → $67 | Maintains | Underweight | Get Alert |
06/23/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -12.29% | Morgan Stanley | Stephen Byrd | $70 → $68 | Maintains | Underweight | Get Alert |
05/22/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -9.71% | Morgan Stanley | Stephen Byrd | $72 → $70 | Maintains | Underweight | Get Alert |
04/20/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -7.13% | Morgan Stanley | Stephen Byrd | $68 → $72 | Maintains | Underweight | Get Alert |
03/21/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -12.29% | Morgan Stanley | Stephen Byrd | $72 → $68 | Maintains | Underweight | Get Alert |
02/22/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -7.13% | Morgan Stanley | Stephen Byrd | $68 → $72 | Maintains | Underweight | Get Alert |
01/30/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -12.29% | Morgan Stanley | Stephen Byrd | $67 → $68 | Maintains | Underweight | Get Alert |
01/23/2023 | MGEE | Buy Now | MGE Energy | $77.53 | -13.58% | Morgan Stanley | Stephen Byrd | $66 → $67 | Maintains | Underweight | Get Alert |
12/15/2022 | MGEE | Buy Now | MGE Energy | $77.53 | -14.87% | Morgan Stanley | Stephen Byrd | $63 → $66 | Maintains | Underweight | Get Alert |
11/11/2022 | MGEE | Buy Now | MGE Energy | $77.53 | -18.74% | Morgan Stanley | Stephen Byrd | $59 → $63 | Maintains | Underweight | Get Alert |
10/21/2022 | MGEE | Buy Now | MGE Energy | $77.53 | -23.9% | Morgan Stanley | Stephen Byrd | $75 → $59 | Maintains | Underweight | Get Alert |
09/22/2022 | MGEE | Buy Now | MGE Energy | $77.53 | -3.26% | Morgan Stanley | Stephen Byrd | $77 → $75 | Maintains | Underweight | Get Alert |
08/23/2022 | MGEE | Buy Now | MGE Energy | $77.53 | -0.68% | Morgan Stanley | Stephen Byrd | $72 → $77 | Maintains | Underweight | Get Alert |
07/21/2022 | MGEE | Buy Now | MGE Energy | $77.53 | -7.13% | Morgan Stanley | Stephen Byrd | $67 → $72 | Maintains | Underweight | Get Alert |
05/23/2022 | MGEE | Buy Now | MGE Energy | $77.53 | -4.55% | Morgan Stanley | Stephen Byrd | $77 → $74 | Maintains | Underweight | Get Alert |
The latest price target for MGE Energy (NASDAQ: MGEE) was reported by Morgan Stanley on November 21, 2023. The analyst firm set a price target for $62.00 expecting MGEE to fall to within 12 months (a possible -20.03% downside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for MGE Energy (NASDAQ: MGEE) was provided by Morgan Stanley, and MGE Energy maintained their underweight rating.
There is no last upgrade for MGE Energy.
The last downgrade for MGE Energy Inc happened on November 17, 2021 when Morgan Stanley changed their price target from $71 to $69 for MGE Energy Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MGE Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MGE Energy was filed on November 21, 2023 so you should expect the next rating to be made available sometime around November 21, 2024.
While ratings are subjective and will change, the latest MGE Energy (MGEE) rating was a maintained with a price target of $61.00 to $62.00. The current price MGE Energy (MGEE) is trading at is $77.53, which is out of the analyst’s predicted range.
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