MGEE
MGE Energy, Inc. Utilities - Utilities - Regulated Electric Investor Relations →
MGE Energy, Inc. (MGEE) closed at $79.58 as of 2026-02-02, trading 3.2% above its 200-week moving average of $77.14. The stock is currently moving closer to the line, down from 3.6% last week. The 14-week RSI sits at 40, indicating neutral momentum.
Over the past 2346 weeks of data, MGEE has crossed below its 200-week moving average 28 times. On average, these episodes lasted 4 weeks. Historically, investors who bought MGEE at the start of these episodes saw an average one-year return of +19.1%.
With a market cap of $2.9 billion, MGEE is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 10.8%. The stock trades at 2.2x book value.
Over the past 33.2 years, a hypothetical investment of $100 in MGEE would have grown to $2016, compared to $2849 for the S&P 500. MGEE has returned 9.5% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: MGEE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MGEE Crosses Below the Line?
Across 26 historical episodes, buying MGEE when it crossed below its 200-week moving average produced an average return of +15.2% after 12 months (median +17.0%), compared to +23.4% for the S&P 500 over the same periods. 88% of those episodes were profitable after one year. After 24 months, the average return was +29.4% vs +32.2% for the index.
Each line shows $100 invested at the moment MGEE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MGEE has crossed below its 200-week MA 28 times with an average 1-year return of +19.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1981 | Jun 1981 | 16 | 11.1% | +12.4% | +11362.2% |
| Aug 1982 | Aug 1982 | 1 | 2.7% | +33.3% | +10742.7% |
| Oct 1996 | Nov 1996 | 1 | 1.1% | +7.0% | +1643.2% |
| Jan 1997 | Jan 1997 | 2 | 1.6% | +19.6% | +1639.0% |
| Mar 1997 | Apr 1997 | 6 | 2.1% | +21.4% | +1635.4% |
| Feb 1999 | Feb 1999 | 1 | 12.4% | +8.7% | +1664.5% |
| Mar 1999 | Apr 1999 | 1 | 1.8% | -0.4% | +1465.9% |
| Apr 1999 | May 1999 | 4 | 4.6% | -2.1% | +1455.7% |
| Dec 1999 | Dec 1999 | 1 | 3.0% | +21.4% | +1441.1% |
| Jan 2000 | May 2000 | 18 | 8.0% | +24.3% | +1410.6% |
| May 2006 | May 2006 | 1 | 0.3% | +28.1% | +614.3% |
| Jul 2007 | Aug 2007 | 2 | 4.5% | +20.7% | +568.3% |
| Mar 2008 | Mar 2008 | 1 | 0.5% | -4.6% | +527.2% |
| Oct 2008 | Oct 2008 | 1 | 1.1% | +23.7% | +509.0% |
| Jan 2009 | Jan 2009 | 1 | 0.5% | +12.9% | +501.0% |
| Feb 2009 | Mar 2009 | 5 | 9.3% | +19.2% | +521.7% |
| Apr 2009 | May 2009 | 6 | 4.5% | +21.5% | +500.7% |
| Mar 2020 | Mar 2020 | 2 | 0.9% | +17.9% | +44.4% |
| Apr 2020 | May 2020 | 3 | 5.3% | +22.4% | +44.2% |
| Jun 2020 | Jun 2020 | 2 | 1.8% | +21.6% | +44.4% |
| Sep 2020 | Sep 2020 | 3 | 3.8% | +28.9% | +41.5% |
| Jan 2021 | Feb 2021 | 1 | 0.7% | +22.5% | +39.2% |
| Feb 2021 | Mar 2021 | 1 | 0.8% | +17.2% | +39.2% |
| Sep 2022 | Nov 2022 | 7 | 10.1% | +6.8% | +30.3% |
| Mar 2023 | Mar 2023 | 1 | 0.7% | +19.0% | +21.5% |
| Sep 2023 | Oct 2023 | 1 | 2.7% | +36.0% | +22.0% |
| Oct 2023 | Oct 2023 | 1 | 0.4% | +36.0% | +19.1% |
| Jan 2024 | Mar 2024 | 7 | 10.1% | +38.6% | +20.1% |
| Average | 4 | — | +19.1% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02