MGE Energy Inc (MGEE) company profile
Close on Nov 13, 2026Market cap $2.98BP/E 19.4Yield 2.35%
About MGE Energy
Electric, Gas & Sanitary Services, SIC 4900
MGE Energy, Inc. operates as an energy holding company that provides electric and natural gas utility services across regulated and non-regulated operations. Its primary business segments include electric utility operations, gas utility operations, non-regulated energy generation, and transmission investment holdings. Through these segments, the company procures, generates, transmits, and distributes electric power, alongside transporting and distributing natural gas. Its customer base consists of residential, commercial, and industrial consumers, as well as municipal entities and wholesale energy market participants.
The company's operations encompass power generation facilities including solar, wind, and battery storage installations, as well as thermal generation units and joint transmission investments. Its public utility operations are regulated by the Public Service Commission of Wisconsin. While detailed facility locations and specific corporate headquarters addresses are not specified in the text, its business footprint and regulatory filings center on Wisconsin. The company maintains an online portal at mge.com.
Summary of the business section of MGE Energy's latest annual report, written by StockData.
Company profile
Company
- Legal name
- MGE Energy Inc
- Founded
- 2001
- Headquarters
- Madison, WI
- Address
- 133 South Blair Street, Po Box 1231 53701-1231
- Phone
- (608) 252-7000
- Website
- mge.com
- Employees
- 726, Dec 31, 2025
- Industry
- Electric, Gas & Sanitary Services
- Incorporated in
- Wisconsin
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Chicago, Illinois
Stock & identifiers
- Ticker
- MGEE
- Exchange
- Nasdaq
- Shares outstanding
- 38M, Jul 31, 2026
- Public float
- $3.22B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-2, Feb 10, 2014; 3-for-2, Feb 21, 1996; 3-for-2, Jan 22, 1992
- SEC CIK
- 1161728
- CUSIP
- 55277P104
- ISIN
- US55277P1049
- FIGI
- BBG000JNWST0
- Share class FIGI
- BBG001SD2RD2
- LEI
- 549300BYWGHSXX2TEO67
- EIN
- 39-2040501
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jeffrey M. Keebler | Chairman, President & CEO, Director | 31,908 |
| Jared Joseph Bushek | VP Chief Fin. Off. & Treasurer | 35,796 |
| John Anthony Jicha | VP Energy Supply & Asst Treas. | 1,870 |
| Cari Anne Renlund | VP General Counsel & Sec. | 7,047 |
| Scott Robert Smith | VP Business and Reg. Strategy | 4,411 |
| James Jerome Lorenz | VP Energy Operations | 6,337 |
| Jenny Lynn Lagerwall | AVP - Acctg & Controller (CAO) | 1,992 |
| Melissa Tyson Garner | VP-People & Community Engmnt | 3,631 |
| Lynn K. Hobbie | Exec. VP Marketing & Comm. | 13,814 |
| James G. Berbee | Director | 10,013 |
| Gary J. Wolter | Director | 23,152 |
| Patricia K. Ackerman | Director | 918 |
| James L. Possin | Director | 6,842 |
| Angela S. Rieger | Director | 918 |
| Marcia M. Anderson | Director | 3,774 |
| Daniel James Kelly | Director | 918 |
| Londa J. Dewey | Director | 7,135 |
| Noble Lynnwood Wray | Director | 2,174 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $3.61M | $2.63M | $1.11M | $125 | $144 |
| FY2024 | $2.13M | $3.30M | $855.98K | $146 | $129 |
| FY2023 | $2.57M | $2.21M | $895.19K | $110 | $108 |
| FY2022 | $1.68M | $1.59M | $797.16K | $105 | $119 |
| FY2021 | $2.63M | $2.19M | $863.50K | $120 | $117 |
| FY2020 | $2.71M | $1.52M | $1.59M | $91 | $99 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Jeffrey M. Keebler Chairman, President and Chief Executive Officer (PEO) | $795.83K | $1.40M | $865.92K | $548.87K | $3.61M | +70% |
| Jared J. Bushek Vice President, Chief Financial Officer and Treasurer (PFO) | $420.87K | $582.32K | $345.04K | $116.66K | $1.46M | +44% |
| Cari Anne Renlund Vice President, General Counsel and Secretary | $413.18K | $273.18K | $270.61K | $102.95K | $1.06M | +16% |
| Lynn K. Hobbie Former Executive Vice President | $389.01K | $214.49K | $220.59K | $86.80K | $910.89K | +17% |
| James J. Lorenz Vice President, Energy Operations | $328.63K | $219.16K | $195.38K | $244.03K | $987.20K | +38% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, MGE Energy and its subsidiaries had 726 employees, 318 of whom were covered by collective bargaining agreements as described below:”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 2, 2001 | Merger | Registration of securities for a merger or exchange offer (S-4) |
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