Based on the Allete Inc stock forecast from 0 analysts, the average analyst target price for Allete Inc is not available over the next 12 months. Allete Inc’s average analyst rating is not available. Stock Target Advisor’s own stock analysis of Allete Inc is Slightly Bearish, which is based on 6 positive signals and 11 negative signals. At the last closing, Allete Inc’s stock price was USD 65.14. Allete Inc’s stock price has changed by -0.81% over the past week, -0.20% over the past month and +7.26% over the last year.
No recent analyst target price found for Allete Inc
No recent average analyst rating found for Allete Inc
Company Overview Allete Inc
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota and real estate investment activities in Florida. It owns and operates 154 substations with a total capacity of 10,647 megavolt-amperes. The company 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. Read Less
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric ser...Read More
Frequently Asked Questions About Allete Inc (ALE) Stock
Stock Target Advisor's fundamental analysis for Allete Inc's stock is Slightly Bearish.
ALE stock's dividend yield is 4.47%.
Our analysis grades ALE stock's dividend yield at F. This means that ALE stock's dividend yield is above 22% of the stocks in the Utilities - Diversified sector in the NYE exchange.
Based on this ALE may be a poor dividend stock for its sector.
Unfortunately we do not have enough data on ALE's stock to indicate what its average analyst target is.
ALE stock's Price/Earning ratio is 21.05.
Our analysis grades ALE stock's Price / Earning ratio at F. This means that ALE stock's Price/Earning ratio is above 67% of the stocks in the Utilities - Diversified sector in the NYE exchange.
Based on this ALE may be a overvalued for its sector.
The last closing price of ALE's stock was USD 65.14.
The most recent market capitalization for ALE is USD 3.78B.
Unfortunately we do not have enough analyst data on ALE's stock to indicate whether its price will go up or not.
We can't find any ETFs which contains Allete Inc's stock.
As per our most recent records Allete Inc has 1,564 Employees.
Allete Inc's registered address is 30 West Superior Street, Duluth, MN, United States, 55802-2093.
You can get more information about it from Allete Inc's website at https://www.allete.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Allete Inc (ALE) Stock
Stock Target Advisor's fundamental analysis for Allete Inc's stock is Slightly Bearish.
ALE stock's dividend yield is 4.47%.
Our analysis grades ALE stock's dividend yield at F. This means that ALE stock's dividend yield is above 22% of the stocks in the Utilities - Diversified sector in the NYE exchange.
Based on this ALE may be a poor dividend stock for its sector.
Unfortunately we do not have enough data on ALE's stock to indicate what its average analyst target is.
ALE stock's Price/Earning ratio is 21.05.
Our analysis grades ALE stock's Price / Earning ratio at F. This means that ALE stock's Price/Earning ratio is above 67% of the stocks in the Utilities - Diversified sector in the NYE exchange.
Based on this ALE may be a overvalued for its sector.
The last closing price of ALE's stock was USD 65.14.
The most recent market capitalization for ALE is USD 3.78B.
Unfortunately we do not have enough analyst data on ALE's stock to indicate whether its price will go up or not.
We can't find any ETFs which contains Allete Inc's stock.
As per our most recent records Allete Inc has 1,564 Employees.
Allete Inc's registered address is 30 West Superior Street, Duluth, MN, United States, 55802-2093.
You can get more information about it from Allete Inc's website at https://www.allete.com.
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