MGEE at a glance
MGE ENERGY INC (MGEE, SEC CIK 1161728) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as September 11, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), MGE ENERGY INC (MGEE) reported revenue of $743.7 million (up 9.9% from FY2024) and net income of $135.9 million. Diluted EPS was $3.72.
- As of June 30, 2026, 35 institutional investment managers tracked by SignalX reported holding MGE ENERGY INC (MGEE) shares worth $1.4 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Berbee James G on September 9, 2026 of 275 shares at $77.35 per share.
- In the last 90 days, MGEE insiders reported 2 open-market purchases ($43K) and 0 open-market sales ($0) on Form 4, a net purchase of $43K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $743.7M
- +9.9% vs prior year
- Insiders · 90 days
- 2 buys · 0 sells
- Net +$43K
- 13F holders
- 35 funds
- $1.4B · +3 vs prior quarter
- Latest 8-K
- Aug 21, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Electric and natural gas utility service providing regulated energy distribution primarily through subsidiaries
- New emphasized transaction: Asset Sale Agreement dated Feb 19, 2026 with Dairyland Power Cooperative indicating potential asset divestiture
- Strategic shift: Increased equity in earnings of investments $136.2M in 2025 vs $121.3M in 2024 showing improved affiliate profitability
- Notable quantitative metric: Parent company net income $135.9M in 2025 up from $120.6M in 2024; retained earnings rose to $832.4M
- Unusual fact: No stock options authorized in 2021 Long-term Incentive Plan; all awards in restricted stock, units, or performance units only
Risk Factors
- Regulatory risk from PSCW 2024/2025 rate order with 9.7% authorized ROE and earnings sharing mechanism impacting excess earnings return to customers
- Macroeconomic exposure to weather variability, with 18% increase in heating degree days raising 2025 gas utility sales 14% YoY
- Operational risk from large scale renewable projects, $584M solar and $224.3M battery costs with $185.4M and $85.1M incurred by 2025 year-end
- Competitive challenge from increasing residential electric demand growth tied to regional customer base expansion impacting electric utility earnings
- Financial risk from $7.1M deferred 2025 fuel savings subject to PSCW annual fuel cost review completion in 2026
Management Discussion & Analysis
- Revenue and YoY change not explicitly stated in provided text
- Segment descriptions: Regulated electric (170,000 customers), regulated gas (180,000 customers), nonregulated energy, transmission investments, others
- No segment-specific performance or dollar amounts detailed
- Forward-looking focus on net-zero carbon by 2050, coal reduction, renewable expansion, strong credit rating, and operational efficiency
AI summary of the MGEE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- New forward-sale risk triggered by May 6, 2026 agreements with Morgan Stanley, Bank of America, and JPMorgan
- Potential equity dilution upon settlement, reducing earnings per share, return on equity, and dividends per share
- Market risk from hedge unwinding, potentially increasing settlement cash obligations if stock prices rise
- Counterparty acceleration rights could force settlement and common-stock issuance regardless of capital needs
AI summary of the MGEE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Quarterly dividend increased to $0.5083 per share
- Payment scheduled for September 15, 2026
Item EX-99.1: Item EX-99.1
- Quarterly dividend raised 7.0% to $0.5083 per share, signaling continued confidence in cash-flow stability
- Annualized dividend reaches $2.0332 per share, with payment scheduled September 15, 2026
Item 7.01: Regulation FD Disclosure
- MGE Energy posted a financial presentation on its Investor Relations website on August 5, 2026
- Presentation content is available in Exhibit 99.2 for investor review
Item 2.02: Results of Operations and Financial Condition
- Second-quarter 2026 earnings announced August 5, 2026
- Press release containing financial results furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 2026 net income $33.4M, or $0.89 diluted EPS, up from $26.5M and $0.72
- Six-month net income $81.8M, or $2.21 diluted EPS, versus $68.1M and $1.86
AI summaries of MGEE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MGEE
Don't miss the next MGEE filing
- Alerts as it files. A push when MGEE files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut MGEE, by share count.
- Ask anything. An AI agent that reads every MGEE filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Berbee James G | Buy | Sep 9, 2026 | 274.742 | $77.35 |
| Berbee James G | Buy | Aug 19, 2026 | 261.364 | $81.30 |
| Bushek Jared Joseph | A | Apr 17, 2026 | 25,000 | - |
| Berbee James G | Buy | Mar 11, 2026 | 372.839 | $77.74 |
| Ackerman Patricia K | A | Mar 2, 2026 | 1,039 | - |
| Anderson Marcia M | A | Mar 2, 2026 | 1,039 | - |
| WOLTER GARY J | A | Mar 2, 2026 | 1,039 | - |
| Possin James L | A | Mar 2, 2026 | 1,039 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $676.9M | $743.7M |
| Operating Income | - | $146.3M | $170.7M |
| Net Income | $117.7M | $120.6M | $135.9M |
| Op. Margin | - | 21.6% | 22.9% |
| Net Margin | - | 17.8% | 18.3% |
| Balance Sheet | |||
| Total Assets | $2.7B | $2.8B | $3.2B |
| Equity | - | $1.2B | $1.3B |
| ROE | - | 9.8% | 10.4% |
| Per Share | |||
| EPS | $3.25 | $3.33 | $3.72 |
| Cash Flow | |||
| Operating CF | - | $277.8M | $263.2M |
| CapEx | $222.1M | $236.9M | $343.2M |
Source: XBRL data in MGE ENERGY INC (MGEE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate MGEE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 35 | $1.41B |
| Q1 2026 | 32 | $1.14B |
| Q4 2025 | 30 | $1.18B |
| Q3 2025 | 31 | $1.28B |
| Q2 2025 | 31 | $1.35B |
| Q1 2025 | 28 | $880.9M |
| Q4 2024 | 22 | $795.2M |
| Q3 2024 | 20 | $333.8M |
- BlackRock+634.2K (+12%)
- Two Sigma Investments+317.9K (+188%)
- AQR Capital Management+266.1K (+778%)
- Morgan Stanley+239.1K (+78%)
- State Street Corp+131.1K (+7%)
- Millennium Management−64.8K (-38%)
- Goldman Sachs Group−42.4K (-19%)
- Bank of America Corp−17.0K (-17%)
- Fifth Third Bancorp−8.2K (-40%)
- JPMorgan Chase & Co−5.5K (-11%)
- WESTWOOD HOLDINGS GROUP INC+530.6K
- Soros Fund Management+106.8K
- D.E. Shaw & Co+10.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 229 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MGEE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 5, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 8-K | Aug 21, 2026 | - | Analysis | - |
| 4 | Aug 20, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jun 23, 2026 | - | Analysis | - |
| 8-K | May 22, 2026 | - | Analysis | |
| 8-K | May 8, 2026 | - | Analysis | |
| 8-K | May 8, 2026 | - | Analysis | |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Apr 21, 2026 | - | - | - |
| 8-K | Apr 21, 2026 | - | Analysis | - |
| 4 | Mar 12, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
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MGEE SEC filings: frequently asked questions
Are MGEE insiders buying or selling?
In the last 90 days, MGE ENERGY INC (MGEE) officers, directors and 10% owners reported 2 open-market purchases worth $42,500 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold MGEE stock?
As of June 30, 2026, the largest MGE ENERGY INC (MGEE) holders among the 13F filers tracked by SignalX were BlackRock ($496.9 million), Vanguard Portfolio Management LLC ($227.8 million), State Street Corp ($167.1 million), Vanguard Capital Management LLC ($138.8 million), Dimensional Fund Advisors ($57.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MGEE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), MGE ENERGY INC (MGEE) reported revenue of $743.7 million (up 9.9% from FY2024) and net income of $135.9 million. Diluted EPS was $3.72. The figures come from the XBRL data in the 10-K.
What are the main risks in MGEE's latest 10-K?
In the 10-K filed February 24, 2026, MGE ENERGY INC (MGEE) flagged: Regulatory risk from PSCW 2024/2025 rate order with 9.7% authorized ROE and earnings sharing mechanism impacting excess earnings return to customers. Macroeconomic exposure to weather variability, with 18% increase in heating degree days raising 2025 gas utility sales 14% YoY. (AI summary of the Risk Factors section.)
What did MGEE report in its latest 8-K?
MGE ENERGY INC (MGEE) filed an 8-K on August 21, 2026 reporting Item 8.01 (Other Events). Quarterly dividend increased to $0.5083 per share.
What are the latest MGEE SEC filings?
MGE ENERGY INC (MGEE) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on September 11, 2026.
What is MGEE's SEC CIK number?
MGE ENERGY INC (MGEE)'s SEC Central Index Key (CIK) is 1161728. EDGAR lists every MGEE filing under that number.
Ask anything about MGEE
The research agent reads MGEE's filings, financials, insider trades and 13F holders, then answers with sources.