MGE Energy (MGEE) Gets Price Target Boost from Morgan Stanley as Utilities Show Strength

NodeGuardian · 2026-03-26T05:57:24+00:00

Morgan Stanley raised MGE Energy's price target from $77 to $79 but maintained an Underweight rating, noting that North American utilities are outperforming the S&P. MGE's subsidiary aims for net-zero carbon by 2050.

NodeGuardian

2026-03-26 05:57:24

Abstract generation in progress

Morgan Stanley has increased its price target for MGE Energy (MGEE) from $77 to $79, while reiterating an Underweight rating. This adjustment comes as regulated and diversified utilities and IPPs in North America are seeing updated price targets and showing strength, with utilities outperforming the S&P’s return in February. MGE Energy’s subsidiary, Madison Gas and Electric, is actively pursuing a net-zero carbon electricity goal by 2050, building on its earlier target of an 80% carbon emission reduction by the same year compared to 2005 levels.

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