12 Month Price Forecast For ALE
Distance to ALE Price Forecasts
ALE Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 2:15 AM UTC
ALE Analyst Ratings & Price Targets
Based on our analysis of 10 Wall Street analysts, ALE has a consensus that is neutral. The median price target is $67.00, with forecasts ranging from $56.00 to $74.00. Currently, there are 1 Buy ratings, 3 Hold ratings, and 0 Sell ratings.
With ALE currently trading at $65.47, the median price forecast suggests a 2.3% upside. The most optimistic forecast comes from Brian Russo at Sidoti & Co., projecting a 13.0% upside, while Sarah Akers at Wells Fargo provides the most conservative target, suggesting a -14.5% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
ALE Analyst Consensus
ALE Price Target Range
Latest ALE Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for ALE.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| May 16, 2024 | Mizuho | Anthony Crowdell | Neutral | Maintains | $67.00 |
| Feb 21, 2024 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $59.00 |
| Jan 22, 2024 | Guggenheim | Shahriar Pourreza | Neutral | Upgrade | $58.00 |
| Jan 10, 2024 | Sidoti & Co. | Brian Russo | Neutral | Downgrade | $64.00 |
| Jul 21, 2023 | Mizuho | Anthony Crowdell | Neutral | Maintains | $58.00 |
| Jul 7, 2023 | Guggenheim | Shahriar Pourreza | Sell | Maintains | $49.00 |
| Jun 27, 2023 | B of A Securities | Julien Dumoulin-Smith | Underperform | Downgrade | $54.00 |
| May 5, 2023 | B of A Securities | Julien Dumoulin-Smith | Neutral | Downgrade | $63.00 |
| Apr 6, 2023 | Sidoti & Co. | Brian Russo | Buy | Upgrade | $74.00 |
| Jan 30, 2023 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $65.00 |
| Jan 24, 2023 | Mizuho | Anthony Crowdell | Neutral | Maintains | $64.00 |
| Jan 23, 2023 | Guggenheim | Shahriar Pourreza | Sell | Downgrade | $54.00 |
| Dec 14, 2022 | Wells Fargo | Neil Kalton | Equal-Weight | Maintains | $67.00 |
| Dec 9, 2022 | Mizuho | Anthony Crowdell | Neutral | Maintains | $65.00 |
| Nov 17, 2022 | JP Morgan | Richard Sunderland | Neutral | Upgrade | $65.00 |
| Nov 14, 2022 | B of A Securities | Julien Dumoulin-Smith | Buy | Upgrade | $66.00 |
| Oct 19, 2022 | Wells Fargo | Sarah Akers | Equal-Weight | Maintains | $56.00 |
| Oct 3, 2022 | Mizuho | Paul Fremont | Neutral | Maintains | $50.00 |
| Sep 16, 2022 | Mizuho | Paul Fremont | Neutral | Maintains | $58.00 |
| May 25, 2022 | B of A Securities | Julien Dumoulin-Smith | Neutral | Initiates | $63.00 |
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ALLETE Inc (ALE) Financial Data
ALLETE Inc has a market capitalization of $3.81B with a P/E ratio of 21.1x. The company generates $1.57B in trailing twelve-month revenue with a 11.5% profit margin.
Revenue growth is +7.5% quarter-over-quarter, while maintaining an operating margin of +12.4% and return on equity of +3.5%.
Valuation Metrics
Growth & Margins
Financial Health
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ALLETE Inc (ALE) Company Overview
About ALLETE Inc
Operates as an energy company.
The company generates electricity through various sources, including coal, biomass, hydroelectric, wind, and solar. It provides regulated utility electric, natural gas, and water services to a significant customer base in Wisconsin and Minnesota, while also owning electric transmission assets across multiple states. Additionally, ALLETE develops and operates renewable energy projects, focusing on wind energy generation, and is involved in coal mining and real estate investments.
Incorporated in 1906 and headquartered in Duluth, Minnesota, ALLETE has a diversified energy portfolio and serves various industries, including mining and paper production. The company has transitioned from its previous name, Minnesota Power, Inc., to reflect its broader operational focus.
Company Information
Sector
Utilities
Industry
Utilities - Diversified
Employees
1,564
CEO
Ms. Bethany M. Owen
Country
United States
IPO Year
1973
Website
www.allete.comALLETE Inc (ALE) Latest News & Analysis
ALLETE, Inc. (NYSE: ALE) received FERC approval for its transaction with CPP Investments and Global Infrastructure Partners, advancing benefits for customers and communities.
FERC's approval of ALLETE's transaction with CPP Investments and GIP signals potential growth and stability, likely boosting investor confidence and impacting stock performance.
Puget Sound Energy signs on to largest share of North Plains Connector transmission project
1 month agoInvestment aims to improve the reliability and resilience of the western energy grid, indicating potential growth and stability in energy sector infrastructure.
Increased investment in the energy grid signals potential growth in related sectors, improving infrastructure and stability, which can lead to higher returns for investors in energy and utility stocks.
ALLETE Clean Energy has secured contracts for the output of its Armenia Mountain Wind site for seven more years with two customers.
ALLETE Clean Energy's long-term contracts for the Armenia Mountain Wind site ensure stable revenue and reduce risk, positively impacting financial performance and investor confidence.
ALLETE, Inc. reports third quarter 2024 earnings
2 months agoALLETE, Inc. (NYSE: ALE) reported Q3 2024 earnings of $0.78 per share, down from $1.49 per share a year earlier, with net income of $45 million compared to $85.9 million in Q3 2023.
ALLETE's significant drop in earnings per share and net income compared to last year highlights potential operational challenges and impacts on future profitability, influencing investor sentiment.
ALLETE Clean Energy has sold the Whitetail wind project in southwestern Wisconsin to Invenergy, as announced in Duluth, Minnesota.
The sale of the Whitetail wind project indicates ALLETE's strategic shift, potentially enhancing cash flow and focusing on core operations, impacting investor sentiment and stock valuation.
ALLETE, Inc. (NYSE: ALE) declared a quarterly dividend of $0.705 per share, unchanged from the previous quarter. Payable on December 1, 2024, to shareholders on record by November 15, 2024.
ALLETE's steady dividend signals financial stability, attracting income-focused investors. Consistent payouts can enhance stock appeal and indicate confidence in future earnings.
Frequently Asked Questions About ALE Stock
What is ALLETE Inc's (ALE) stock forecast for 2025?
Based on our analysis of 10 Wall Street analysts, ALLETE Inc (ALE) has a median price target of $67.00. The highest price target is $74.00 and the lowest is $56.00.
Is ALE stock a good investment in 2025?
According to current analyst ratings, ALE has 1 Buy ratings, 3 Hold ratings, and 0 Sell ratings. The stock is currently trading at $65.47. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for ALE stock?
Wall Street analysts predict ALE stock could reach $67.00 in the next 12 months. This represents a 2.3% increase from the current price of $65.47. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is ALLETE Inc's business model?
The company generates electricity through various sources, including coal, biomass, hydroelectric, wind, and solar. It provides regulated utility electric, natural gas, and water services to a significant customer base in Wisconsin and Minnesota, while also owning electric transmission assets across multiple states. Additionally, ALLETE develops and operates renewable energy projects, focusing on wind energy generation, and is involved in coal mining and real estate investments.
What is the highest forecasted price for ALE ALLETE Inc?
The highest price target for ALE is $74.00 from Brian Russo at Sidoti & Co., which represents a 13.0% increase from the current price of $65.47.
What is the lowest forecasted price for ALE ALLETE Inc?
The lowest price target for ALE is $56.00 from Sarah Akers at Wells Fargo, which represents a -14.5% decrease from the current price of $65.47.
What is the overall ALE consensus from analysts for ALLETE Inc?
The overall analyst consensus for ALE is neutral. Out of 10 Wall Street analysts, 1 rate it as Buy, 3 as Hold, and 0 as Sell, with a median price target of $67.00.
How accurate are ALE stock price projections?
Stock price projections, including those for ALLETE Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
