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ALE Stock Forecast 2025-2026
$64.01
Current Price
$3.73B
Market Cap
Buy 1
Hold 2
Sell 0
Wall St Analyst Ratings
Distance to ALE Price Targets
+14.0%
To High Target of $73.00
+4.7%
To Median Target of $67.00
+4.7%
To Low Target of $67.00
ALE Price Momentum
-1.8%
1 Week Change
-1.7%
1 Month Change
+1.7%
1 Year Change
-1.2%
Year-to-Date Change
-3.6%
From 52W High of $66.40
+4.1%
From 52W Low of $61.51
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Latest ALE Stock Price Targets & Analyst Predictions
Based on our analysis of 10 Wall Street analysts, ALE has a neutral consensus with a median price target of $67.00 (ranging from $67.00 to $73.00). The overall analyst rating is Buy (7.3/10). Currently trading at $64.01, the median forecast implies a 4.7% upside. This outlook is supported by 1 Buy, 2 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Christopher Turnure at JP Morgan, projecting a 14.0% upside. Conversely, the most conservative target is provided by Anthony Crowdell at Mizuho, suggesting a 4.7% upside.
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 Ratings
1
Buy
2
Hold
0
Sell
ALE Price Target Range
Low
$67.00
Average
$67.00
High
$73.00
Current: $64.01
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 |
Allete Inc. (ALE) Competitors
The following stocks are similar to ALLETE based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Allete Inc. (ALE) Financial Data
Allete Inc. has a market capitalization of $3.73B with a P/E ratio of 20.2x. The company generates $1.53B in trailing twelve-month revenue with a 12.1% profit margin.
Revenue growth is -0.8% quarter-over-quarter, while maintaining an operating margin of +13.7% and return on equity of +3.5%.
Valuation Metrics
Market Cap
$3.73B
Enterprise Value
$6.08B
P/E Ratio
20.2x
PEG Ratio
16.1x
Price/Sales
2.4x
Growth & Margins
Revenue Growth (YoY)
-0.8%
Gross Margin
+35.1%
Operating Margin
+13.7%
Net Margin
+12.1%
EPS Growth
+10.7%
Financial Health
Cash/Price Ratio
+2.5%
Current Ratio
1.3x
Debt/Equity
56.9x
ROE
+3.5%
ROA
+1.6%
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Allete Inc. (ALE) Business Model
About Allete Inc.
What They Do
Provides electricity generation and distribution services.
Business Model
Allete Inc. generates revenue primarily through its regulated utility operations, such as Minnesota Power, which provides electricity to residential and commercial customers. Additionally, the company invests strategically in renewable energy projects, diversifying its portfolio and aligning with the growing demand for sustainable energy solutions.
Additional Information
Headquartered in Duluth, Minnesota, Allete plays a vital role in regional energy infrastructure and focuses on balancing economic development with environmental stewardship. Its commitment to cleaner energy and innovation positions the company favorably in the evolving energy market.
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
Latest News
ALLETE, Inc. Reports First Quarter 2025 Earnings
1 month ago
Quick Summary
ALLETE, Inc. (NYSE: ALE) reported Q1 2025 earnings of $0.97/share, up from $0.88/share last year, with net income of $56.1M, including $2.1M in merger-related expenses.
Why It Matters
ALLETE's Q1 2025 earnings show growth in both EPS and net income, indicating financial improvement. The merger-related expenses are noteworthy but manageable, signaling potential future value.
Source: Business Wire
Market Sentiment:
Neutral
Quick Summary
ALLETE Inc. (NYSE: ALE) will release its Q1 financial results on May 8, 2025, before market open. The company operates electric utilities and clean energy subsidiaries.
Why It Matters
ALLETE's upcoming Q1 financial results could impact stock performance, providing insights into earnings, growth prospects, and operational stability within the energy sector.
Source: Business Wire
Market Sentiment:
Neutral
Quick Summary
ALLETE, Inc. (NYSE: ALE) declared a quarterly dividend of $0.73 per share, payable June 1, 2025, to shareholders of record by May 15, 2025. Annual dividend remains $2.92 per share.
Why It Matters
ALLETE's consistent quarterly dividend signals financial stability and commitment to returning value to shareholders, which can attract income-focused investors and support stock price stability.
Source: Business Wire
Market Sentiment:
Neutral
Quick Summary
ALLETE, Inc. (NYSE:ALE) has been recognized as an Honor Roll Company of Special Distinction in the 2024 Minnesota Census of Women in Corporate Leadership.
Why It Matters
ALLETE's recognition highlights its commitment to diversity and leadership, potentially enhancing its reputation and attracting socially conscious investors, which can influence stock performance.
Source: Business Wire
Market Sentiment:
Neutral
New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO
2 months ago
Quick Summary
New Energy Equity, a subsidiary of ALLETE, Inc. (NYSE: ALE), will promote Josh Kunkel to CEO effective June 1, 2025, as part of a planned leadership transition.
Why It Matters
Leadership changes can impact company strategy and performance, potentially affecting stock price and investor confidence in ALLETE, Inc.
Source: PRNewsWire
Market Sentiment:
Neutral
New Energy Equity's Lift as We Climb Foundation Donates $100,000 to Civic Works to Expand Solar Access in Baltimore
2 months ago
Quick Summary
New Energy Equity's Lift as We Climb Foundation donated $100,000 to Civic Works to enhance solar access for households in Baltimore.
Why It Matters
The donation enhances New Energy Equity's community engagement and supports growth in the solar sector, potentially boosting its reputation and market position, which could influence investor sentiment.
Source: PRNewsWire
Market Sentiment:
Neutral
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 $73.00 and the lowest is $67.00.
Is ALE stock a good investment in 2025?
According to current analyst ratings, ALE has 1 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $64.01. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for ALE stock?
Wall Street analysts predict ALE stock could reach $67.00 in the next 12 months. This represents a 4.7% increase from the current price of $64.01. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Allete Inc.'s business model?
Allete Inc. generates revenue primarily through its regulated utility operations, such as Minnesota Power, which provides electricity to residential and commercial customers. Additionally, the company invests strategically in renewable energy projects, diversifying its portfolio and aligning with the growing demand for sustainable energy solutions.
What is the highest forecasted price for ALE Allete Inc.?
The highest price target for ALE is $73.00 from Christopher Turnure at JP Morgan, which represents a 14.0% increase from the current price of $64.01.
What is the lowest forecasted price for ALE Allete Inc.?
The lowest price target for ALE is $67.00 from Anthony Crowdell at Mizuho, which represents a 4.7% increase from the current price of $64.01.
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, 2 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.
Important 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.
Last updated: June 19, 2025 3:39 PM UTC