MGE Energy Analyst Price Targets

Wall Street analyst price targets and consensus rating for MGE Energy (MGEE).

Price Target Range — 9 Quarters

Analyst Consensus — 3 Analysts

1Buy

1Hold

1Sell

Consensus RatingBuy# Analysts3Avg. Consensus PT$76Upside to Avg. PT+8.2%

Rating Trend — Last 9 Months

Recent Analyst Actions

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Sep 24, 2026	B of A Securities	Ross Fowler	Initiate	Neutral	$76
Sep 18, 2026	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$74→$71
Aug 21, 2026	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$76→$74
Jun 8, 2026	Ladenburg Thalmann	Paul Fremont	Upgrade	Neutral→Buy	$81
Apr 21, 2026	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$79→$78
Feb 2, 2026	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$74→$73
Sep 25, 2025	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$76→$75
Sep 11, 2025	Ladenburg Thalmann	Paul Fremont	Upgrade	Sell→Neutral	$69→$83
May 22, 2025	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$75→$74
Apr 23, 2025	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$80→$75
Mar 20, 2025	Morgan Stanley	Stephen Byrd	PT Raise	Underweight	$78→$80
Sep 25, 2024	Morgan Stanley	Stephen Byrd	PT Raise	Underweight	$71→$74
Aug 23, 2024	Morgan Stanley	Stephen Byrd	PT Raise	Underweight	$66→$71
Jun 24, 2024	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$68→$65
May 28, 2024	Morgan Stanley	Stephen Byrd	PT Raise	Underweight	$63→$68
Nov 21, 2023	Morgan Stanley	Stephen Byrd	PT Raise	Underweight	$61→$62
Oct 25, 2023	Morgan Stanley	Stephen Byrd	PT Cut	Underweight	$65→$61

More with Benzinga EdgeGet Access

Analyst Ratings News

This Ares Management Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

Analysts initiated coverage: ARES Overweight, $150; MGEE Neutral, $76; TTRX Buy, $24; QNCX Buy, $70; EFSC Buy, $70.

Avi Kapoor

PRO
B of A Securities Initiates Coverage On MGE Energy with Neutral Rating, Announces Price Target of $76

B of A Securities analyst Ross Fowler initiates coverage on MGE Energy (NASDAQ:MGEE) with a Neutral rating and announces Price Target of $76.

Benzinga Newsdesk

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $71

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:MGEE) with a Underweight and lowers the price target from $74 to $71.

Benzinga Newsdesk

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $74

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:MGEE) with a Underweight and lowers the price target from $76 to $74.

Benzinga Newsdesk

PRO
Ladenburg Thalmann Upgrades MGE Energy to Buy, Announces $81 Price Target

Ladenburg Thalmann analyst Paul Fremont upgrades MGE Energy (NASDAQ:MGEE) from Neutral to Buy and announces $81 price target.

Benzinga Newsdesk

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $78

Morgan Stanley analyst Stephen Byrd maintains MGE Energy (NASDAQ:MGEE) with a Underweight and lowers the price target from $79 to $78.

Benzinga Newsdesk

MGE Energy Inc

MGE Energy Analyst Price Targets

Recent Analyst Actions

Analyst Ratings News

This Ares Management Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

PRO
B of A Securities Initiates Coverage On MGE Energy with Neutral Rating, Announces Price Target of $76

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $71

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $74

PRO
Ladenburg Thalmann Upgrades MGE Energy to Buy, Announces $81 Price Target

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $78

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MGE Energy Analyst Price Targets

Recent Analyst Actions

Analyst Ratings News

This Ares Management Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

PROB of A Securities Initiates Coverage On MGE Energy with Neutral Rating, Announces Price Target of $76

PROMorgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $71

PROMorgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $74

PROLadenburg Thalmann Upgrades MGE Energy to Buy, Announces $81 Price Target

PROMorgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $78

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B of A Securities Initiates Coverage On MGE Energy with Neutral Rating, Announces Price Target of $76

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $71

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $74

PRO
Ladenburg Thalmann Upgrades MGE Energy to Buy, Announces $81 Price Target

PRO
Morgan Stanley Maintains Underweight on MGE Energy, Lowers Price Target to $78