Algonquin Power & Utilities (AQN) vs MGE Energy (MGEE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Algonquin Power & Utilities (AQN) has outperformed MGE Energy (MGEE) over the past year, losing 12.6% versus a loss of 15.9%. Over five years, MGEE leads with a -6.5% price change compared with -66.4% for AQN. Algonquin Power & Utilities is the larger company by market cap ($3.91 billion vs $2.67 billion), about 1.5 times the size, while MGE Energy is growing revenue faster (+9.9% vs +4.9%).
On valuation, Algonquin Power & Utilities trades at a lower forward P/E (12.4x vs 16.9x for MGE Energy). Algonquin Power & Utilities offers the higher dividend yield (5.12% vs 2.69%). MGE Energy converts more of its revenue into profit, with a net margin of 18.3% versus 7.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AQN | MGEE |
|---|---|---|
| Share price | $5.08 | $70.73 |
| Market cap | $3.91B | $2.67B |
| 1-day change | +0.40% | +0.48% |
| YTD return | -17.72% | -10.24% |
| 1-year return | -12.61% | -15.87% |
| 5-year return | -66.38% | -6.53% |
| P/E ratio (TTM) | 21.17 | 17.29 |
| Forward P/E | 12.44 | 16.86 |
| EPS (TTM) | $0.24 | $4.09 |
| Dividend yield | 5.12% | 2.69% |
| Annual dividend | $0.26 | $1.90 |
| Revenue (latest FY) | $2.43B | $743.65M |
| Revenue growth (YoY) | +4.92% | +9.85% |
| Net income (latest FY) | $180.80M | $135.89M |
| Operating margin | 20.74% | 22.95% |
| Net margin | 7.43% | 18.27% |
| 52-week high | $7.11 | $87.94 |
| 52-week low | $4.91 | $68.01 |
| Distance from 52-week high | -28.55% | -19.57% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +29.53% | +8.58% |
| Average volume | 4.09M | 180.60K |
| Shares outstanding | 769.90M | 37.75M |
| Employees | 3,233 | 726 |
| Sector | Utilities | Energy |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Algonquin Power & Utilities offers a meaningfully higher dividend yield (5.12% vs 2.69%).
- MGE Energy is more profitable, keeping 18.3 cents of every revenue dollar as net income versus 7.4 cents for Algonquin Power & Utilities.
- The two companies sit in different sectors: Algonquin Power & Utilities in Utilities and MGE Energy in Energy.
About Algonquin Power & Utilities
AQN stock →Algonquin Power & Utilities Corp. operates in the power and utility industries.
Utilities · Electric Utilities: Central · 3,233 employees
About MGE Energy
MGEE stock →MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.
Energy · Electric Utilities: Central · 726 employees
AQN vs MGEE FAQ
Which is bigger, Algonquin Power & Utilities or MGE Energy?
Algonquin Power & Utilities (AQN) is larger, with a market capitalization of $3.91B compared with $2.67B for MGE Energy (MGEE).
Which stock has performed better over the past year, AQN or MGEE?
AQN returned -12.61% over the past 12 months, compared with -15.87% for MGEE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AQN or MGEE?
MGEE has the lower trailing P/E at 17.3, versus 21.2 for AQN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Algonquin Power & Utilities or MGE Energy?
Algonquin Power & Utilities has the higher yield at 5.12%, compared with 2.69% for MGE Energy.
Are Algonquin Power & Utilities and MGE Energy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.