MGE Energy Inc (MGEE) Stock AnalysisMGEEMGE Energy Inc

MGE Energy, Inc. is a public utility holding company. The Company's segments include regulated electric utility operations; regulated gas utility operations; nonregulated energy operations, transmission investments, and all other. The regulated electric utility operations segment is engaged in generating, purchasing, and distributing electricity through Madison Gas and Electric Company (MGE). The regulated gas utility operations segment is engaged in purchasing and distributing natural gas through MGE. The nonregulated energy operations segment owns and leases electric generating capacity that assists MGE through MGE Energy's wholly owned subsidiaries MGE Power Elm Road and MGE Power West Campus. The transmission investments segment includes the investment in American Transmission Company LLC, which is engaged in the business of providing electric transmission services in Wisconsin, and ATC Holdco LLC, which facilitates out-of-state electric transmission development and investments. It operates in the Utilities sector (ELECTRIC, GAS & SANITARY SERVICES industry).

MGE Energy Inc is not a good buy right now due to its current price of $78.15 being above the analyst target of $74, indicating a potential downside of approximately 5.5%. Additionally, the RSI is at 27.488, suggesting the stock is oversold, but the overall market sentiment is negative with a recent decline in energy stocks by 1.7%.

1 analysts cover MGEE: 0 rate it Buy, 1 Hold and 0 Sell. The average price target is 71.00.