• Consensus Rating: Reduce
  • Consensus Price Target: $58.50
  • Forecasted Upside: 1.46%
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$57.66
▼ -0.94 (-1.60%)

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 $58.50
▲ +1.46% Upside 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 $58.50, with a high forecast of $64.00 and a low forecast of $54.00. The average price target represents a 1.46% upside from the last price of $57.66.

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 Reduce

The current consensus among 4 polled investment analysts is to reduce stock in ALLETE. This Reduce consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
8/29/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
11/27/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
2/25/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
5/26/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
8/24/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
11/22/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
1/21/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
2/20/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/22/2024GuggenheimUpgradeSell ➝ Neutral$58.00Low
1/10/2024SidotiDowngradeBuy ➝ Neutral$64.00Low
10/9/2023GuggenheimLower Target$49.00 ➝ $41.00Low
8/9/2023MizuhoLower Target$64.00 ➝ $58.00Low
7/21/2023MizuhoLower TargetNeutral$64.00 ➝ $58.00Low
7/7/2023GuggenheimLower Target$54.00 ➝ $49.00Low
6/27/2023Bank of AmericaDowngradeNeutral ➝ Underperform$63.00 ➝ $54.00Low
5/5/2023Bank of AmericaDowngradeBuy ➝ Neutral$66.00 ➝ $63.00Low
4/6/2023SidotiUpgradeNeutral ➝ Buy$74.00Low
1/30/2023Wells Fargo & CompanyLower TargetEqual Weight$67.00 ➝ $65.00Low
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
(Data available from 2/21/2019 forward)

News Sentiment Rating

0.63 (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
  • 7 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
7/25/2023
  • 6 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
8/24/2023
  • 11 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/23/2023
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/23/2023
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/22/2023
  • 6 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/22/2023
  • 7 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/21/2024
  • 11 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/20/2024

Current Sentiment

  • 11 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
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 150,000 retail customers and 14 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 1,300 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 162 substations with a total capacity of 10,116 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. The company was incorporated in 1906 and is headquartered in Duluth, Minnesota.
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Today's Range

Now: $57.66
Low: $56.71
High: $59.03

50 Day Range

MA: $60.03
Low: $57.08
High: $62.83

52 Week Range

Now: $57.66
Low: $49.29
High: $66.69

Volume

496,881 shs

Average Volume

304,758 shs

Market Capitalization

$3.31 billion

P/E Ratio

13.38

Dividend Yield

4.81%

Beta

0.77

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, Mizuho, Sidoti, and StockNews.com.
View the latest analyst ratings for ALE.

What is the current price target for ALLETE?

4 Wall Street analysts have set twelve-month price targets for ALLETE in the last year. Their average twelve-month price target is $58.50, suggesting a possible upside of 1.5%. Sidoti has the highest price target set, predicting ALE will reach $64.00 in the next twelve months. Bank of America Co. 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 and 3 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
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 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.