MGE Energy, Inc. (MGEE) Ownership
MGEE ownership summary
as of October 18, 2026- Institutions
- 70.4% of shares outstanding
- Insiders
- 0.33% of shares outstanding
- Shares outstanding
- 37.7M
- Float
- 37.7M shares available to trade
- Short interest
- 5.84% 1.6M shares short
- Days to cover
- 8.03 short interest down 8.1% vs prior month
- Institutions 70.36%
- Insiders 0.33%
- Other investors 29.31%
MGEE top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 16.13% | 6.1M | $440.4M | +634,206 (+11.6%) | June 30, 2026 |
| 2 | Vanguard Portfolio Management, LLC | 7.39% | 2.8M | $201.9M | +130,707 (+4.9%) | June 30, 2026 |
| 3 | State Street Corp | 5.43% | 2.0M | $148.1M | +131,136 (+6.8%) | June 30, 2026 |
| 4 | Vanguard Capital Management, LLC | 4.51% | 1.7M | $123.1M | +61,669 (+3.8%) | June 30, 2026 |
| 5 | Geode Capital Management, LLC | 2.66% | 1.0M | $72.6M | +79,287 (+8.6%) | June 30, 2026 |
| 6 | Zimmer Partners LP | 2.65% | 1.0M | $72.3M | +1.0M (0.0%) | June 30, 2026 |
| 7 | Dimensional Fund Advisors, Inc. | 1.86% | 701K | $50.7M | +16,702 (+2.4%) | June 30, 2026 |
| 8 | Morgan Stanley - Brokerage Accounts | 1.44% | 545K | $39.4M | +239,075 (+78.0%) | June 30, 2026 |
| 9 | Westwood Holdings Group Inc | 1.40% | 531K | $38.3M | +530,621 (0.0%) | June 30, 2026 |
| 10 | Gabelli Funds LLC | 1.36% | 514K | $37.1M | +242,500 (+89.4%) | June 30, 2026 |
| 11 | Two Sigma Investments LLC | 1.29% | 487K | $35.2M | +317,887 (+188.0%) | June 30, 2026 |
| 12 | First Trust Advisors L.P. | 1.18% | 447K | $32.3M | +575 (+0.1%) | June 30, 2026 |
| 13 | Charles Schwab Investment Management Inc | 1.15% | 435K | $31.4M | +16,411 (+3.9%) | June 30, 2026 |
| 14 | Northern Trust Corp | 1.04% | 395K | $28.5M | +33,731 (+9.3%) | June 30, 2026 |
| 15 | Nuveen, LLC | 0.89% | 338K | $24.4M | +152,235 (+82.1%) | June 30, 2026 |
| 16 | Bank of New York Mellon Corp | 0.88% | 332K | $24.0M | +11,778 (+3.7%) | June 30, 2026 |
| 17 | Qube Research & Technologies | 0.87% | 330K | $23.8M | −327 (−0.1%) | June 30, 2026 |
| 18 | AQR Capital Management LLC | 0.79% | 300K | $21.7M | +266,075 (+777.6%) | June 30, 2026 |
| 19 | Vanguard Fiduciary Trust Co | 0.66% | 250K | $18.1M | +3,590 (+1.5%) | June 30, 2026 |
| 20 | Speece Thorson Capital Group Inc | 0.61% | 229K | $16.5M | +39,132 (+20.6%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 19 holders added 3.9M shares and 1 cut 327.
MGEE top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Small-Cap ETF | 5.95% | 2.2M | $162.6M | +528 (+0.0%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 3.20% | 1.2M | $87.3M | −2,586 (−0.2%) | August 31, 2026 |
| 3 | iShares Russell 2000 ETF | 2.60% | 981K | $70.9M | −11,328 (−1.1%) | September 30, 2026 |
| 4 | Vanguard Small Cap Index | 2.25% | 849K | $61.3M | −21,060 (−2.4%) | September 30, 2026 |
| 5 | Vanguard MStar Small Cap Value Index | 1.46% | 553K | $40.0M | +1,856 (+0.3%) | September 30, 2026 |
| 6 | First Trust Value Line® Dividend ETF | 1.18% | 445K | $32.1M | — | September 30, 2026 |
| 7 | Fidelity Small Cap Index | 1.09% | 411K | $29.7M | +3,100 (+0.8%) | July 31, 2026 |
| 8 | Gabelli Utilities AAA | 0.99% | 376K | $27.1M | +190,000 (+102.4%) | June 30, 2026 |
| 9 | iShares Russell 2000 Value ETF | 0.95% | 358K | $25.9M | +542 (+0.2%) | September 30, 2026 |
| 10 | State Street SPDR Port S&P 600 Sm CpETF | 0.92% | 346K | $25.0M | — | September 30, 2026 |
| 11 | State Street® SPDR® S&P® Dividend ETF | 0.90% | 338K | $24.4M | — | September 30, 2026 |
| 12 | American Beacon Small Cp Val R5 | 0.81% | 307K | $22.2M | +44,214 (+16.8%) | August 31, 2026 |
| 13 | Vanguard Utilities ETF | 0.69% | 259K | $18.7M | −614 (−0.2%) | September 30, 2026 |
| 14 | Vanguard Tax-Managed Small Cap Adm | 0.63% | 237K | $17.2M | — | September 30, 2026 |
| 15 | Vanguard Russell 2000 ETF | 0.59% | 225K | $16.2M | +8,315 (+3.8%) | September 30, 2026 |
| 16 | Vanguard Dividend Appreciation ETF | 0.57% | 214K | $15.4M | +153 (+0.1%) | September 30, 2026 |
| 17 | Westwood Quality SmallCap Fund Inst | 0.53% | 202K | $14.6M | +71,472 (+54.9%) | September 30, 2026 |
| 18 | Schwab US Small-Cap ETF™ | 0.53% | 199K | $14.4M | +126 (+0.1%) | September 30, 2026 |
| 19 | Fidelity Extended Market Index | 0.49% | 186K | $13.4M | −2,149 (−1.1%) | August 31, 2026 |
| 20 | iShares S&P Small-Cap 600 Growth ETF | 0.46% | 175K | $12.7M | — | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
MGEE insider transactions
latest 3| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-11 | James G Berbee | Buy | $77.74 | 373 | $28,997 |
| 2025-09-08 | James G Berbee | Buy | $83.75 | 254 | $21,272 |
| 2025-08-15 | James G Berbee | Buy | $83.83 | 507 | $42,502 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
MGEE shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns MGEE
Institutional investors own 70.4% of MGE Energy's shares and insiders 0.33%. The largest holder is BlackRock Inc with 16.13% of the shares (6.1M), as of June 30, 2026. Among the top 20 institutions, 19 added shares and 1 reduced their stake in the latest filings. Short interest is 5.84% of the float, or 8.03 days of average trading volume. The share count rose 5.5% since 2014.
Related: MGEE analyst forecast, MGEE key metrics, MGEE dividend history. See the MGEE stock overview for the latest quote and news.
MGEE ownership FAQ
Who owns the most MGE Energy stock?
The largest shareholders of MGE Energy are BlackRock Inc (16.13%), Vanguard Portfolio Management, LLC (7.39%), State Street Corp (5.43%), Vanguard Capital Management, LLC (4.51%), Geode Capital Management, LLC (2.66%).
What percentage of MGE Energy is owned by institutions?
Institutions hold 70.4% of MGE Energy's shares outstanding; insiders hold 0.33%.
Which funds own MGE Energy?
The largest fund holders of MGE Energy are iShares Core S&P Small-Cap ETF (5.95%), Vanguard MStar Total Stk Mkt Idx Invest (3.20%), iShares Russell 2000 ETF (2.60%), Vanguard Small Cap Index (2.25%), Vanguard MStar Small Cap Value Index (1.46%).
What is MGE Energy's short interest?
1.6M shares of MGE Energy were sold short, 5.84% of the float; at the average daily volume it would take 8.03 days to cover.
Are insiders buying or selling MGE Energy?
Of the latest 3 reported insider transactions in MGE Energy (since August 15, 2025), 3 were purchases and 0 were sales.
How many shares of MGE Energy are outstanding?
MGE Energy has 37.7M shares outstanding, of which 37.7M are in the public float.
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