MGEENasdaqElectric, Gas & Sanitary ServicesFiscal year ends December 31
MGE ENERGY INC
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Aug 5, 2026
$71.31−0.96 (-1.33%)
Close on Oct 19, 2026
- Market cap
- $2.61B
- P/E (TTM)
- 18.3
- Dividend yield
- 2.59%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
70.1%
26M of 38M shares
Institutional holders
337
58 new, 32 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
4 buys · 0 sales
Net bought $92.72K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 5,616,238 | 15.40% | 13G (passive) amendment | Sep 30, 2025 |
| Vanguard Portfolio Management | 2,686,624 | 7.34% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | 1,963,772 | 5.40% | 13G (passive) | Mar 31, 2025 |
| Vanguard Capital Management | 1,936,460 | 5.29% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MGEE | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,093,900 | 16.13% | $496.90M | +634,206 | 0.01% |
| Vanguard Portfolio Management LLC | 2,793,808 | 7.39% | $227.81M | +130,707 | 0.01% |
| State Street Corp | 2,049,814 | 5.43% | $167.14M | +131,136 | 0.00% |
| Vanguard Capital Management LLC | 1,702,695 | 4.51% | $138.84M | +61,669 | 0.00% |
| Geode Capital Management, LLC | 1,005,058 | 2.66% | $81.97M | +79,287 | 0.00% |
| Zimmer Partners, LP | 1,000,000 | 2.65% | $81.54M | New | 1.88% |
| Dimensional Fund Advisors LP | 700,969 | 1.86% | $57.15M | +16,702 | 0.01% |
| Morgan Stanley | 545,468 | 1.44% | $44.48M | +239,075 | 0.00% |
| Westwood Holdings Group Inc | 530,621 | 1.40% | $43.27M | New | 0.33% |
| Gabelli Funds LLC | 513,700 | 1.36% | $41.89M | +242,500 | 0.27% |
| Two Sigma Investments, LP | 486,961 | 1.29% | $39.71M | +317,887 | 0.03% |
| First Trust Advisors LP | 447,445 | 1.18% | $36.48M | +575 | 0.02% |
| Charles Schwab Investment Management Inc | 434,562 | 1.15% | $35.43M | +16,411 | 0.00% |
| Northern Trust Corp | 394,580 | 1.04% | $32.17M | +33,731 | 0.00% |
| Deprince Race & Zollo Inc | 350,904 | 0.93% | $28.61M | +73,787 | 0.48% |
| Nuveen, LLC | 337,689 | 0.89% | $27.54M | +152,235 | 0.01% |
| Bank of New York Mellon Corp | 332,193 | 0.88% | $27.09M | +11,778 | 0.00% |
| Qube Research & Technologies Ltd | 329,710 | 0.87% | $26.88M | −327 | 0.02% |
| Aqr Capital Management LLC | 300,293 | 0.79% | $24.49M | +266,075 | 0.01% |
| Vanguard Fiduciary Trust Co | 249,913 | 0.66% | $20.38M | +3,590 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 337 | 26M | 70.1% | 58 / 147 | 72 / 32 | 6M | 1M |
| Q1 2026 | 317 | 22M | 57.7% | 46 / 106 | 108 / 38 | 6M | 1M |
| Q4 2025 | 313 | 22M | 57.6% | 45 / 91 | 115 / 32 | 1M | 1M |
| Q3 2025 | 304 | 22M | 58.1% | 33 / 112 | 97 / 20 | 1M | 1M |
| Q2 2025 | 295 | 22M | 59.3% | 25 / 126 | 93 / 23 | 1M | 1M |
| Q1 2025 | 295 | 23M | 59.6% | 38 / 94 | 97 / 33 | 2M | 2M |
| Q4 2024 | 294 | 23M | 60.4% | 48 / 112 | 73 / 19 | 1M | 1M |
| Q3 2024 | 267 | 22M | 58.8% | 34 / 92 | 86 / 19 | 6M | 1M |
| Q2 2024 | 255 | 22M | 58.7% | 45 / 95 | 73 / 14 | 1M | 3M |
| Q1 2024 | 226 | 24M | 63.3% | 42 / 78 | 71 / 44 | 7M | 2M |
| Q4 2023 | 229 | 20M | 51.7% | 41 / 80 | 66 / 10 | 2M | 2M |
| Q3 2023 | 201 | 19M | 50.9% | 23 / 61 | 65 / 20 | 0M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MGEE | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,274,357 | 6.02% | $185.45M | 0.17% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,202,271 | 3.18% | $98.03M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 967,103 | 2.56% | $78.86M | 0.10% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 866,890 | 2.29% | $70.69M | 0.04% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 548,370 | 1.45% | $44.71M | 0.07% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 433,500 | 1.15% | $35.35M | 0.04% | Jun 30, 2026 |
| First Trust Value Line Dividend Index Fund | 412,352 | 1.09% | $33.62M | 0.42% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 411,409 | 1.09% | $32.72M | 0.10% | Jul 31, 2026 |
| The Gabelli Utilities Fund | 375,500 | 0.99% | $30.62M | 1.74% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Dividend ETF | 369,241 | 0.98% | $30.11M | 0.14% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 355,823 | 0.94% | $29.01M | 0.20% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 346,755 | 0.92% | $28.27M | 0.17% | Jun 30, 2026 |
| American Beacon Small Cap Value Fund | 262,721 | 0.70% | $20.89M | 0.56% | Jul 31, 2026 |
| Vanguard Utilities Index Fund | 254,360 | 0.67% | $19.20M | 0.18% | May 31, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 237,478 | 0.63% | $19.36M | 0.17% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jeffrey M. Keebler | Chairman, President & CEO, Director | 31,908 | 0.08% | Mar 3, 2026 |
| Jared Joseph Bushek | VP Chief Fin. Off. & Treasurer | 35,796 | 0.09% | Apr 21, 2026 |
| John Anthony Jicha | VP Energy Supply & Asst Treas. | 1,870 | 0.00% | Mar 3, 2026 |
| Cari Anne Renlund | VP General Counsel & Sec. | 7,047 | 0.02% | Mar 3, 2026 |
| Scott Robert Smith | VP Business and Reg. Strategy | 4,411 | 0.01% | Mar 3, 2026 |
| James Jerome Lorenz | VP Energy Operations | 6,337 | 0.02% | Mar 3, 2026 |
| Jenny Lynn Lagerwall | AVP - Acctg & Controller (CAO) | 1,992 | 0.01% | Mar 3, 2026 |
| Melissa Tyson Garner | VP-People & Community Engmnt | 3,631 | 0.01% | Mar 3, 2026 |
| Lynn K. Hobbie | Exec. VP Marketing & Comm. | 13,814 | 0.04% | Jan 6, 2026 |
| James G. Berbee | Director | 10,013 | 0.03% | Sep 11, 2026 |
| Gary J. Wolter | Director | 23,152 | 0.06% | Mar 3, 2026 |
| Patricia K. Ackerman | Director | 918 | 0.00% | Mar 3, 2026 |
| James L. Possin | Director | 6,842 | 0.02% | Mar 3, 2026 |
| Angela S. Rieger | Director | 918 | 0.00% | Mar 3, 2026 |
| Marcia M. Anderson | Director | 3,774 | 0.01% | Mar 3, 2026 |
| Daniel James Kelly | Director | 918 | 0.00% | Mar 3, 2026 |
| Londa J. Dewey | Director | 7,135 | 0.02% | Mar 3, 2026 |
| Noble Lynnwood Wray | Director | 2,174 | 0.01% | Mar 3, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| James G. Berbee Director | Sep 9, 2026 | Buy | +274.74 | $77.35 | $21.25K | 10,013 |
| James G. Berbee Director | Aug 19, 2026 | Buy | +261.36 | $81.30 | $21.25K | 9,738 |
| Jared Joseph Bushek VP Chief Fin. Off. & Treasurer | Apr 17, 2026 | Award | +25,000 | – | – | 35,796 |
| James G. Berbee Director | Mar 11, 2026 | Buy | +372.84 | $77.74 | $28.98K | 9,362 |
| Jenny Lynn Lagerwall AVP - Acctg & Controller (CAO) | Mar 2, 2026 | Award | +688 | – | – | 1,992 |
| Melissa Tyson Garner VP-People & Community Engmnt | Mar 2, 2026 | Award | +1,374 | – | – | 3,631 |
| Cari Anne Renlund VP General Counsel & Sec. | Mar 2, 2026 | Award | +1,716 | – | – | 7,036 |
| Jared Joseph Bushek VP Chief Fin. Off. & Treasurer | Mar 2, 2026 | Award | +3,684 | – | – | 10,781 |
| Scott Robert Smith VP Business and Reg. Strategy | Mar 2, 2026 | Award | +1,116 | – | – | 4,411 |
| Jeffrey M. Keebler Chairman, President & CEO, Director | Mar 2, 2026 | Award | +10,905 | – | – | 31,908 |
| John Anthony Jicha VP Energy Supply & Asst Treas. | Mar 2, 2026 | Award | +945 | – | – | 2,815 |
| James Jerome Lorenz VP Energy Operations | Mar 2, 2026 | Award | +1,390 | – | – | 6,337 |
| Cari Anne Renlund VP General Counsel & Sec. | Jan 2, 2026 | Tax withholding | −438 | $78.44 | $34.36K | 5,320 |
| Scott Robert Smith VP Business and Reg. Strategy | Jan 2, 2026 | Tax withholding | −299 | $78.44 | $23.45K | 3,295 |
| James Jerome Lorenz VP Energy Operations | Jan 2, 2026 | Tax withholding | −275 | $78.44 | $21.57K | 4,947 |
| Lynn K. Hobbie Exec. VP Marketing & Comm. | Jan 2, 2026 | Tax withholding | −466 | $78.44 | $36.55K | 13,678 |
| Jeffrey M. Keebler Chairman, President & CEO, Director | Jan 2, 2026 | Tax withholding | −1,216 | $78.44 | $95.38K | 21,003 |
| Jared Joseph Bushek VP Chief Fin. Off. & Treasurer | Jan 2, 2026 | Tax withholding | −430 | $78.44 | $33.73K | 7,097 |
| Melissa Tyson Garner VP-People & Community Engmnt | Jan 2, 2026 | Tax withholding | −173 | $78.44 | $13.57K | 2,257 |
| James L. Possin Director | Dec 31, 2025 | Option exercise | +2,062 | – | – | 5,932 |
| Daniel James Kelly Director | Dec 31, 2025 | Option exercise | +918 | – | – | 918 |
| James G. Berbee Director | Dec 31, 2025 | Option exercise | +2,062 | – | – | 8,989 |
| Angela S. Rieger Director | Dec 31, 2025 | Option exercise | +918 | – | – | 918 |
| Patricia K. Ackerman Director | Dec 31, 2025 | Option exercise | +918 | – | – | 918 |
| Patricia K. Ackerman Director | Dec 31, 2025 | Returned to company | −184 | – | – | 734 |
| Londa J. Dewey Director | Dec 31, 2025 | Returned to company | −516 | – | – | 7,135 |
| Londa J. Dewey Director | Dec 31, 2025 | Option exercise | +2,062 | – | – | 7,651 |
| Noble Lynnwood Wray Director | Dec 31, 2025 | Returned to company | −516 | – | – | 2,174 |
| Noble Lynnwood Wray Director | Dec 31, 2025 | Option exercise | +2,062 | – | – | 2,690 |
| Marcia M. Anderson Director | Dec 31, 2025 | Option exercise | +2,062 | – | – | 3,774 |
| Marcia M. Anderson Director | Dec 31, 2025 | Returned to company | −516 | – | – | 3,258 |
| Gary J. Wolter Director | Dec 31, 2025 | Option exercise | +2,062 | – | – | 22,822 |
| Gary J. Wolter Director | Dec 31, 2025 | Returned to company | −516 | – | – | 22,306 |
| James G. Berbee Director | Dec 5, 2025 | Buy | +270.27 | $78.57 | $21.24K | 6,889 |
| James G. Berbee Director | Sep 8, 2025 | Buy | +253.58 | $83.75 | $21.24K | 6,583 |
| James G. Berbee Director | Aug 15, 2025 | Buy | +506.69 | $83.83 | $42.48K | 6,329 |
| James G. Berbee Director | Apr 25, 2025 | Other | −5,793.04 | – | – | 5,793 |
| James G. Berbee Director | Mar 12, 2025 | Buy | +445.54 | $90.83 | $40.47K | 11,532 |
| Cari Anne Renlund VP General Counsel & Sec. | Mar 3, 2025 | Award | +1,345 | – | – | 5,721 |
| Lynn K. Hobbie Exec. VP Marketing & Comm. | Mar 3, 2025 | Award | +1,056 | – | – | 13,924 |
| Jeffrey M. Keebler Chairman, President & CEO, Director | Mar 3, 2025 | Award | +6,907 | – | – | 22,077 |
| Jenny Lynn Lagerwall AVP - Acctg & Controller (CAO) | Mar 3, 2025 | Award | +510 | – | – | 1,297 |
| James Jerome Lorenz VP Energy Operations | Mar 3, 2025 | Award | +1,079 | – | – | 5,170 |
| Jared Joseph Bushek VP Chief Fin. Off. & Treasurer | Mar 3, 2025 | Award | +2,867 | – | – | 7,492 |
| Scott Robert Smith VP Business and Reg. Strategy | Mar 3, 2025 | Award | +854 | – | – | 3,572 |
| Melissa Tyson Garner VP-People & Community Engmnt | Mar 3, 2025 | Award | +1,057 | – | – | 2,424 |
| James Jerome Lorenz VP Energy Operations | Jan 2, 2025 | Tax withholding | −258 | $92.96 | $23.98K | 4,091 |
| Jeffrey M. Keebler Chairman, President & CEO, Director | Jan 2, 2025 | Tax withholding | −1,103 | $92.96 | $102.53K | 15,170 |
| Lynn K. Hobbie Exec. VP Marketing & Comm. | Jan 2, 2025 | Tax withholding | −437 | $92.96 | $40.62K | 12,868 |
| Cari Anne Renlund VP General Counsel & Sec. | Jan 2, 2025 | Tax withholding | −403 | $92.96 | $37.46K | 4,376 |
| Jared Joseph Bushek VP Chief Fin. Off. & Treasurer | Jan 2, 2025 | Tax withholding | −325 | $92.96 | $30.21K | 4,625 |
| Scott Robert Smith VP Business and Reg. Strategy | Jan 2, 2025 | Tax withholding | −280 | $92.96 | $26.03K | 2,718 |
| Marcia M. Anderson Director | Dec 31, 2024 | Returned to company | −173 | – | – | 1,676 |
| Marcia M. Anderson Director | Dec 31, 2024 | Option exercise | +692 | – | – | 1,849 |
| Gary J. Wolter Director | Dec 31, 2024 | Option exercise | +692 | – | – | 20,933 |
| Gary J. Wolter Director | Dec 31, 2024 | Returned to company | −173 | – | – | 20,760 |
| Noble Lynnwood Wray Director | Dec 31, 2024 | Option exercise | +692 | – | – | 719 |
| Noble Lynnwood Wray Director | Dec 31, 2024 | Returned to company | −104 | – | – | 615 |
| James G. Berbee Director | Dec 31, 2024 | Option exercise | +692 | – | – | 11,086 |
| Londa J. Dewey Director | Dec 31, 2024 | Option exercise | +692 | – | – | 5,762 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.