MGE Energy director Berbee buys $21,248 in common stock

James G. Berbee, a director at MGE Energy Inc., made a stock purchase totaling $21,248 on August 19, 2026. The transaction consisted of acquiring 261.3641 shares at $81.3 per share, bringing his ownership of MGE Energy common stock to 9,738.2959 shares, including dividend reinvestment adjustments. With a market capitalization of $3.05 billion, MGE Energy trades at $80.48 with a P/E ratio of 19.87.

The utility company boasts a dividend yield of 2.36% and has increased dividends for 33 consecutive years, as per InvestingPro's analysis of 6 key tips for MGEE investors. Recently, MGE Energy reported leadership changes, with Vice President of Energy Operations James J. Lorenz retiring at the end of 2026 and Assistant Vice President of Energy Engineering and Production John T. Robson succeeding him in January 2027.

Analysts have also taken note, with Ladenburg Thalmann upgrading MGE Energy's stock rating to Buy from Neutral and Freedom Broker issuing a Hold rating, praising the company's defensive utility earnings base and growth potential. During the Annual Meeting of Shareholders, MGE Energy elected three Class I Directors, ratified the independent accounting firm for 2026, and approved an executive compensation advisory vote.