ALLETE Inc's fundamentals are relatively very healthy, and its growth potential is significant.Its valuation is considered fairly valued, ranking 22/67 in the Electric Utilities & IPPs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 70.00.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
ALLETE Inc's Score
Industry at a Glance
Industry Ranking
22 / 67
Overall Ranking
139 / 4592
Industry
Electric Utilities & IPPs
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
2
analysts
Buy
Current Rating
70.000
Target Price
+3.75%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
ALLETE Inc Highlights
StrengthsRisks
ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 90.80%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 90.80%.
Overvalued
The company’s latest PE is 23.73, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 44.76M shares, decreasing 0.02% quarter-over-quarter.
ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.
Ticker SymbolALE
CompanyALLETE Inc
CEOOwen (Bethany M)
Websitehttps://www.allete.com/
FAQs
What is the current price of ALLETE Inc (ALE)?
The current price of ALLETE Inc (ALE) is 67.900.
What is the symbol of ALLETE Inc?
The ticker symbol of ALLETE Inc is ALE.
What is the 52-week high of ALLETE Inc?
The 52-week high of ALLETE Inc is 67.990.
What is the 52-week low of ALLETE Inc?
The 52-week low of ALLETE Inc is 62.380.
What is the market capitalization of ALLETE Inc?
The market capitalization of ALLETE Inc is 3.94B.
What is the net income of ALLETE Inc?
The net income of ALLETE Inc is 179.30M.
Is ALLETE Inc (ALE) currently rated as Buy, Hold, or Sell?
According to analysts, ALLETE Inc (ALE) has an overall rating of Buy, with a price target of 70.000.
What is the Earnings Per Share (EPS TTM) of ALLETE Inc (ALE)?
The Earnings Per Share (EPS TTM) of ALLETE Inc (ALE) is 2.861.