Wall Street Zen Downgrades MGE Energy to 'Sell'

Other analysts have also issued mixed ratings on the utility company's stock.

Mar. 3, 2026 at 12:39am

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Wall Street Zen has downgraded shares of MGE Energy (NASDAQ:MGEE) from a hold rating to a sell rating in a research note issued to investors on Saturday. Other research analysts have also weighed in on the company, with Morgan Stanley reducing their price target and Weiss Ratings reiterating a 'hold (c+)' rating.

Why it matters

This downgrade and mixed analyst sentiment could impact investor confidence and the stock price of MGE Energy, a public utility holding company that provides regulated electric and natural gas services in south-central Wisconsin.

The details

According to the research note, Wall Street Zen lowered its rating on MGE Energy from hold to sell. Morgan Stanley also reduced its price target on the stock from $74 to $73 and maintained an 'underweight' rating. Weiss Ratings, meanwhile, reiterated a 'hold (c+)' rating on the shares.

  • The research note from Wall Street Zen was issued on Saturday, March 1, 2026.
  • Morgan Stanley reduced its price target on February 2, 2026.
  • Weiss Ratings reiterated its 'hold (c+)' rating on December 29, 2025.

The players

Wall Street Zen

A research firm that has downgraded MGE Energy's stock from hold to sell.

Morgan Stanley

A research firm that has reduced its price target on MGE Energy and maintained an 'underweight' rating.

Weiss Ratings

A research firm that has reiterated a 'hold (c+)' rating on MGE Energy's shares.

MGE Energy, Inc.

A public utility holding company that provides regulated electric and natural gas services in south-central Wisconsin through its subsidiary, Madison Gas and Electric Company.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

This downgrade and mixed analyst sentiment on MGE Energy's stock could signal potential challenges for the utility company as it navigates the evolving energy landscape in south-central Wisconsin.