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ALLETE - ALE Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $63.20
  • Forecasted Upside: 3.32%
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$61.17 As of 01/26/2023 01:00 AM ET
▼ -0.41 (-0.67%)

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 $63.20
▲ +3.32% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for ALLETE in the last 3 months. The average price target is $63.20, with a high forecast of $67.00 and a low forecast of $54.00. The average price target represents a 3.32% upside from the last price of $61.17.

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 5 contributing investment analysts is to hold stock in ALLETE. This rating has held steady since September 2022, 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
  • 1 sell ratings
Ratings as of
8/4/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
11/2/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/27/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
1/26/2023

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/24/2023MizuhoLower TargetNeutral$66.00 ➝ $64.00Low
1/23/2023GuggenheimDowngradeNeutral ➝ Sell$53.00 ➝ $54.00Low
12/14/2022Wells Fargo & CompanyBoost TargetEqual Weight$60.00 ➝ $67.00Low
12/9/2022MizuhoBoost TargetNeutral$50.00 ➝ $65.00Low
11/17/2022JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$65.00Low
11/14/2022Bank of AmericaUpgradeNeutral ➝ Buy$53.00 ➝ $66.00Low
10/24/2022GuggenheimLower Target$66.00 ➝ $53.00Low
10/19/2022Wells Fargo & CompanyLower TargetEqual Weight$65.00 ➝ $56.00Low
10/3/2022MizuhoLower TargetNeutral$58.00 ➝ $50.00Low
9/16/2022MizuhoLower TargetNeutral$60.00 ➝ $58.00Low
5/25/2022Bank of AmericaInitiated CoverageNeutral$63.00High
3/2/2022MizuhoLower TargetNeutral$66.00 ➝ $60.00Medium
12/10/2021MizuhoBoost TargetNeutral ➝ Neutral$62.00 ➝ $63.00Medium
4/28/2021Wells Fargo & CompanyLower TargetEqual Weight$76.00 ➝ $74.00Medium
4/23/2021Williams CapitalReiterated RatingBuyMedium
3/2/2021MizuhoBoost TargetNeutral$55.00 ➝ $62.00High
1/20/2021GuggenheimDowngradeBuy ➝ Neutral$66.00High
8/26/2020MizuhoLower TargetNeutral$66.00 ➝ $55.00High
6/1/2020JPMorgan Chase & Co.Lower TargetUnderweight$70.00 ➝ $64.00Low
5/7/2020Wells Fargo & CompanyLower 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 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 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 TargetHold$81.00 ➝ $71.00Low
2/2/2018Williams CapitalUpgradeHold ➝ Buy$76.00Low
(Data available from 1/27/2018 forward)

News Sentiment Rating

0.99 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/30/2022
  • 2 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/30/2022
  • 6 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/29/2022
  • 0 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2022
  • 3 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2022
  • 5 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2022
  • 3 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2022
  • 6 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2023

Current Sentiment

  • 6 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

ALLETE logo
ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.
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Today's Range

Now: $61.17
Low: $60.86
High: $61.72

50 Day Range

MA: $64.91
Low: $61.17
High: $66.93

52 Week Range

Now: $61.17
Low: $47.77
High: $68.46

Volume

243,411 shs

Average Volume

231,948 shs

Market Capitalization

$3.50 billion

P/E Ratio

16.62

Dividend Yield

4.17%

Beta

0.74

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: Bank of America Co., Guggenheim, JPMorgan Chase & Co., Mizuho, StockNews.com, TheStreet, and Wells Fargo & Company.
View the latest analyst ratings for ALE.

What is the current price target for ALLETE?

5 Wall Street analysts have set twelve-month price targets for ALLETE in the last year. Their average twelve-month price target is $63.20, suggesting a possible upside of 3.3%. Wells Fargo & Company has the highest price target set, predicting ALE will reach $67.00 in the next twelve months. Guggenheim has the lowest price target set, forecasting a price of $54.00 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 1 sell rating, 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?

Other companies that are similar to ALLETE include NorthWestern, Avista, NiSource, Alliant Energy and American States Water. Learn More about companies similar to 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 and its investor relations email address is [email protected] The official website for ALLETE is www.allete.com. Learn More about contacing ALLETE investor relations.