Shares Outstanding for MGE Energy (MGEE)
According to MGE Energy's latest reported financial statements, the company's latest reported diluted shares outstanding is 36.57M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MGEE
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Latest period
36.57M
YoY change
+0.9%
5Y CAGR
+0.5%
Peak year (2025)
36.57M
Latest annual
36.57M
Shares Outstanding history chart for MGE Energy (MGEE) from 1985 to 2025
Shares Outstanding history table for MGE Energy (MGEE) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 36.57M | +0.9% | ||
| 2024 | 36.24M | +0.1% | ||
| 2023 | 36.19M | +0.0% | ||
| 2022 | 36.17M | +0.0% | ||
| 2021 | 36.17M | +1.6% | ||
| 2020 | 35.61M | +2.7% | ||
| 2019 | 34.67M | 0.0% | ||
| 2018 | 34.67M | 0.0% | ||
| 2017 | 34.67M | 0.0% | ||
| 2016 | 34.67M | 0.0% | ||
| 2015 | 34.67M | 0.0% | ||
| 2014 | 34.67M | 0.0% | ||
| 2013 | 34.67M | 0.0% | ||
| 2012 | 34.67M | 0.0% | ||
| 2011 | 34.67M | -0.0% | ||
| 2010 | 34.67M | +0.2% | ||
| 2009 | 34.60M | +3.9% | ||
| 2008 | 33.30M | +3.1% | ||
| 2007 | 32.28M | +4.6% | ||
| 2006 | 30.85M | +0.6% | ||
| 2005 | 30.65M | +6.9% | ||
| 2004 | 28.68M | +6.8% | ||
| 2003 | 26.84M | +3.4% | ||
| 2002 | 25.97M | +2.9% | ||
| 2001 | 25.23M | +2.7% | ||
| 2000 | 24.57M | +1.5% | ||
| 1999 | 24.22M | +0.4% | ||
| 1998 | 24.13M | +0.1% | ||
| 1997 | 24.11M | +0.1% | ||
| 1996 | 24.09M | +0.1% | ||
| 1995 | 24.06M | +0.2% | ||
| 1994 | 24.02M | -0.1% | ||
| 1993 | 24.04M | -0.7% | ||
| 1992 | 24.21M | +0.5% | ||
| 1991 | 24.08M | +1.5% | ||
| 1990 | 23.71M | +2.8% | ||
| 1989 | 23.08M | +2.8% | ||
| 1988 | 22.44M | +1.6% | ||
| 1987 | 22.09M | +0.0% | ||
| 1986 | 22.09M | +1.9% | ||
| 1985 | 21.67M | — |
Shares Outstanding values are taken from MGE Energy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, MGE Energy (MGEE) reported diluted shares outstanding of 36.57M – edged up 0.9% year-over-year.
Across 2020–2025 (5 years), MGE Energy diluted shares outstanding produced a CAGR of +0.5% – sustaining 6 straight years of year-over-year growth.
2025 marks the peak diluted shares outstanding at 36.57M, with the historical low of 21.67M recorded in 1985.
Among 8 Utilities peers, MGE Energy (MGEE) ranks 9th; the peer median for diluted shares outstanding is 714.85M.
MGE Energy Shares Outstanding by Year
MGE Energy Shares Outstanding 2025: 36.57M
MGE Energy diluted shares outstanding in 2025 was 36.57M, edged up 0.9% from 2024. This figure represents the highest annual value in the available history.
MGE Energy Shares Outstanding 2024: 36.24M
MGE Energy diluted shares outstanding in 2024 was 36.24M, edged up 0.1% from 2023.
MGE Energy Shares Outstanding 2023: 36.19M
MGE Energy diluted shares outstanding in 2023 was 36.19M, edged up 0.0% from 2022.
MGE Energy Shares Outstanding 2022: 36.17M
MGE Energy diluted shares outstanding in 2022 was 36.17M, edged up 0.0% from 2021.
MGE Energy Shares Outstanding 2021: 36.17M
MGE Energy diluted shares outstanding in 2021 was 36.17M.
See more financial history for MGE Energy (MGEE).
Sector peers — Shares Outstanding
Companies in the same sector as MGE Energy, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | 2.09B | Utilities |
| The Southern Company (SO) | 1.11B | Utilities |
| Dominion Energy, Inc. (D) | 855.30M | Utilities |
| Duke Energy Corporation (DUK) | 777.00M | Utilities |
| Sempra (SRE) | 652.70M | Utilities |
| American Electric Power Company, Inc. (AEP) | 520.21M | Utilities |
| Constellation Energy Corporation (CEG) | 314.00M | Utilities |
| GE Vernova Inc. (GEV) | 276.00M | Utilities |
Frequently asked questions
What is MGE Energy's diluted shares outstanding?
- Latest reported diluted shares outstanding for MGE Energy (MGEE) is 36.57M (period ending December 31, 2025).
How has MGE Energy diluted shares outstanding changed year-over-year?
- MGE Energy (MGEE) diluted shares outstanding changed +0.9% year-over-year on the latest annual filing.
What is the long-term growth rate of MGE Energy diluted shares outstanding?
- MGE Energy (MGEE) diluted shares outstanding compound annual growth rate is +0.5% over the most recent 5 years available.
When did MGE Energy diluted shares outstanding hit its highest annual value?
- MGE Energy diluted shares outstanding reached its highest annual value of 36.57M in 2025.
What was MGE Energy diluted shares outstanding in 2024?
- MGE Energy (MGEE) diluted shares outstanding in 2024 was 36.24M.
What was MGE Energy diluted shares outstanding in 2025?
- MGE Energy (MGEE) diluted shares outstanding in 2025 was 36.57M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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