Based on the Allete Inc stock forecast from 3 analysts, the average analyst target price for Allete Inc is USD 60.33 over the next 12 months. Allete Inc’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Allete Inc is Bearish, which is based on 4 positive signals and 11 negative signals. At the last closing, Allete Inc’s stock price was USD 59.71. Allete Inc’s stock price has changed by +2.37% over the past week, +3.22% over the past month and -7.27% 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 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. In addition, 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. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 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 162 substations with a total capacity of 9,980 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. Address: 30 West Superior Street, Duluth, MN, United States, 55802-2093 Read Less
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. In addition, the company...Read More
Frequently Asked Questions About Allete Inc (ALE) Stock
Based on ratings from 3 analysts Allete Inc's stock is Hold . Stock Target Advisor's fundamental analysis is Bearish. The stock has buy, sell and 3 hold ratings.
ALE stock's dividend yield is 4.82%.
Our analysis grades ALE stock's dividend yield at F. This means that ALE stock's dividend yield is above 36% 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.
Based on targets from 3 analysts, the average taret price for ALE is USD 60.33 over the next 12 months. The maximum analyst target price is USD 64 while the minimum anlayst target price is USD 58.
ALE stock's Price/Earning ratio is 13.60.
Our analysis grades ALE stock's Price / Earning ratio at C. This means that ALE stock's Price/Earning ratio is above 27% of the stocks in the Utilities - Diversified sector in the NYE exchange.
Based on this ALE may be undervalued for its sector.
The last closing price of ALE's stock was USD 59.71.
The most recent market capitalization for ALE is USD 3.37B.
Based on targets from 3 analysts, the average taret price for ALE is projected at USD 60.33 over the next 12 months.
This means that ALE's stock price may go up by +1.04% over the next 12 months.
We can't find any ETFs which contains Allete Inc's stock.
As per our most recent records Allete Inc has 1,513 Employees.
Allete Inc's registered address is 1-7, Yukigaya-otsukamachi, Tokyo, Japan, 145-8501.
You can get more information about it from Allete Inc's website at https://www.alpsalpine.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.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
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.
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.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
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.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
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
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.
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