MGE ENERGY INC

Ticker: MGEE CUSIP: 55277P104 Class: EQTY

MAI Capital Management's Holding History (CIK: 0001040197)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 27 Value ($000) $2 Avg Close $81.88 Range $77.46 - $87.44

Q3 2025

Shares 66 Value ($000) $6 Avg Close $84.55 Range $81.29 - $89.64

Q2 2025

Shares 155 Value ($000) $14 Avg Close $88.71 Range $82.64 - $92.70

Q1 2025

Shares 25 Value ($000) $2 Avg Close $89.24 Range $82.79 - $94.23

Q4 2024

Shares 25 Value ($000) $2 Avg Close $94.30 Range $85.20 - $106.47

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27	$2	$81.88	$77.46 - $87.44
Q3 2025	66	$6	$84.55	$81.29 - $89.64
Q2 2025	155	$14	$88.71	$82.64 - $92.70
Q1 2025	25	$2	$89.24	$82.79 - $94.23
Q4 2024	25	$2	$94.30	$85.20 - $106.47