NYSE:ALE - ALLETE Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $67.33
  • Forecasted Upside: -4.25 %
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$70.32
▲ +0.73 (1.05%)

This chart shows the closing price for ALE by one month, three months, or twelve months.

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Analyst Price Target for ALE

Analyst Price Target is $67.33
▼ -4.25% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for ALLETE in the last 3 months. The average price target is $67.33, with a high forecast of $74.00 and a low forecast of $62.00. The average price target represents a -4.25% upside from the last price of $70.32.

This chart shows the closing price for ALE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 4 polled investment analysts is to hold stock in ALLETE. This rating has held steady since January 2020, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
2/2/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
5/2/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
7/31/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
10/29/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
1/27/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
4/27/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
6/26/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
7/26/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/28/2021Wells Fargo & CompanyLower Price TargetEqual Weight$76.00 ➝ $74.00Medium
4/23/2021Williams CapitalReiterated RatingBuyMedium
3/2/2021MizuhoBoost Price TargetNeutral$55.00 ➝ $62.00High
1/20/2021GuggenheimDowngradeBuy ➝ Neutral$66.00High
8/26/2020MizuhoLower Price TargetNeutral$66.00 ➝ $55.00High
6/1/2020JPMorgan Chase & Co.Lower Price TargetUnderweight$70.00 ➝ $64.00Low
5/7/2020Wells Fargo & CompanyLower Price TargetEqual Weight$86.00 ➝ $57.00Medium
4/2/2020SidotiDowngradeBuy ➝ Neutral$61.00Low
3/3/2020MizuhoUpgradeUnderperform ➝ Neutral$83.00 ➝ $74.00Medium
1/7/2020GuggenheimUpgradeNeutral ➝ BuyMedium
2/19/2019Williams CapitalUpgradeSell ➝ Hold$69.00 ➝ $76.00Low
2/11/2019MizuhoDowngradeNeutral ➝ Underperform$79.30High
12/10/2018Williams CapitalDowngradeHold ➝ Sell$69.00Low
9/17/2018Wells Fargo & CompanyBoost Price TargetMarket Perform$76.00 ➝ $77.00Low
7/23/2018GuggenheimReiterated RatingHold$71.00Low
6/11/2018Williams CapitalDowngradeBuy ➝ Hold$76.00 ➝ $73.00High
5/7/2018MizuhoDowngradeBuy ➝ Neutral$71.50Medium
4/10/2018JPMorgan Chase & Co.Boost Price TargetUnderweight ➝ Underweight$64.00 ➝ $66.00Low
3/16/2018JPMorgan Chase & Co.Reiterated RatingUnderweight ➝ Underweight$60.00 ➝ $64.00High
2/28/2018MizuhoInitiated CoverageBuy$71.50Low
2/23/2018GuggenheimReiterated RatingHold$63.00Low
2/13/2018Wells Fargo & CompanySet Price TargetHold$81.00 ➝ $71.00Low
2/2/2018Williams CapitalUpgradeHold ➝ Buy$76.00Low
1/25/2018JPMorgan Chase & Co.Lower Price TargetUnderweight ➝ Underweight$76.00 ➝ $73.00Low
11/15/2017JPMorgan Chase & Co.Boost Price TargetUnderweight$73.00 ➝ $76.00N/A
10/20/2017LADENBURG THALM/SH SHDowngradeBuy ➝ Neutral$78.00N/A
10/12/2017Williams CapitalReiterated RatingBuy ➝ Hold$79.00N/A
10/12/2017JPMorgan Chase & Co.Boost Price TargetUnderweight$66.00 ➝ $73.00N/A
6/19/2017Williams CapitalBoost Price TargetBuy ➝ Buy$75.00 ➝ $78.00Low
6/9/2017LADENBURG THALM/SH SHBoost Price TargetBuy$71.00 ➝ $77.00Low
4/21/2017Williams CapitalBoost Price TargetBuy ➝ Buy$70.00 ➝ $75.00Medium
11/4/2016GuggenheimInitiated CoverageNeutralN/A
11/3/2016MacquarieInitiated CoverageNeutralN/A
9/12/2016KeyCorpSet Price TargetBuy$65.50N/A
(Data available from 7/26/2016 forward)
ALLETE logo
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
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Today's Range

Now: $70.32
Low: $69.73
High: $70.49

50 Day Range

MA: $69.41
Low: $66.54
High: $70.89

52 Week Range

Now: $70.32
Low: $49.91
High: $72.60

Volume

2,309 shs

Average Volume

308,691 shs

Market Capitalization

$3.67 billion

P/E Ratio

22.98

Dividend Yield

3.62%

Beta

0.48

Frequently Asked Questions

What sell-side analysts currently cover shares of ALLETE?

The following Wall Street research analysts have issued reports on ALLETE in the last twelve months: Guggenheim, Mizuho, TheStreet, Wells Fargo & Company, Williams Capital, and Zacks Investment Research.
View the latest analyst ratings for ALE.

What is the current price target for ALLETE?

3 Wall Street analysts have set twelve-month price targets for ALLETE in the last year. Their average twelve-month price target is $67.33, suggesting a possible downside of 4.2%. Wells Fargo & Company has the highest price target set, predicting ALE will reach $74.00 in the next twelve months. Mizuho has the lowest price target set, forecasting a price of $62.00 for ALLETE in the next year.
View the latest price targets for ALE.

What is the current consensus analyst rating for ALLETE?

ALLETE currently has 3 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in ALE, but not buy more shares or sell existing shares.
View the latest ratings for ALE.

What other companies compete with ALLETE?

How do I contact ALLETE's investor relations team?

ALLETE's physical mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. The utilities provider's listed phone number is 218-279-5000. The official website for ALLETE is www.allete.com.