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Allete (ALE) Competitors

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$62.49 -0.43 (-0.68%)
Closing price 03:59 PM Eastern
Extended Trading
$62.46 -0.03 (-0.05%)
As of 04:05 PM Eastern
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ALE vs. EVRG, LNT, ATO, BKH, IDA, NWE, OGE, POR, PNW, and OTTR

Should you be buying Allete stock or one of its competitors? The main competitors of Allete include Evergy (EVRG), Alliant Energy (LNT), Atmos Energy (ATO), Black Hills (BKH), IDACORP (IDA), NorthWestern Energy Group (NWE), OGE Energy (OGE), Portland General Electric (POR), Pinnacle West Capital (PNW), and Otter Tail (OTTR). These companies are all part of the "utilities" sector.

Allete vs. Its Competitors

Allete (NYSE:ALE) and Evergy (NASDAQ:EVRG) are both utilities companies, but which is the superior stock? We will contrast the two businesses based on the strength of their profitability, dividends, analyst recommendations, media sentiment, earnings, institutional ownership, risk and valuation.

76.6% of Allete shares are held by institutional investors. Comparatively, 87.2% of Evergy shares are held by institutional investors. 0.3% of Allete shares are held by insiders. Comparatively, 1.4% of Evergy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Evergy has a net margin of 14.29% compared to Allete's net margin of 11.98%. Evergy's return on equity of 8.62% beat Allete's return on equity.

Company Net Margins Return on Equity Return on Assets
Allete11.98% 5.71% 2.83%
Evergy 14.29%8.62%2.66%

Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.7%. Evergy pays an annual dividend of $2.67 per share and has a dividend yield of 3.7%. Allete pays out 92.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Evergy pays out 73.4% of its earnings in the form of a dividend. Allete has increased its dividend for 15 consecutive years and Evergy has increased its dividend for 20 consecutive years.

Evergy has a consensus target price of $74.44, suggesting a potential upside of 4.25%. Given Evergy's higher probable upside, analysts clearly believe Evergy is more favorable than Allete.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Allete
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
4.00
Evergy
0 Sell rating(s)
0 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
3.11

Evergy has higher revenue and earnings than Allete. Evergy is trading at a lower price-to-earnings ratio than Allete, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Allete$1.53B2.37$179.30M$3.1719.71
Evergy$5.88B2.79$873.50M$3.6419.62

In the previous week, Evergy had 10 more articles in the media than Allete. MarketBeat recorded 20 mentions for Evergy and 10 mentions for Allete. Evergy's average media sentiment score of 1.37 beat Allete's score of 1.18 indicating that Evergy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Allete
6 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Evergy
16 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Allete has a beta of 0.84, meaning that its share price is 16% less volatile than the S&P 500. Comparatively, Evergy has a beta of 0.58, meaning that its share price is 42% less volatile than the S&P 500.

Summary

Evergy beats Allete on 14 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding ALE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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ALE vs. The Competition

MetricAlleteUTIL IndustryUtilities SectorNYSE Exchange
Market Cap$3.63B$25.27B$17.13B$21.42B
Dividend Yield4.62%3.62%5.32%3.49%
P/E Ratio19.7119.3052.2129.84
Price / Sales2.374.0229.4869.96
Price / Cash8.089.0819.3318.13
Price / Book1.072.282.214.61
Net Income$179.30M$1.43B$752.30M$998.80M
7 Day Performance-1.55%2.99%1.63%1.09%
1 Month Performance-3.81%0.33%0.99%4.46%
1 Year Performance-2.16%10.55%229.16%14.45%

Allete Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALE
Allete
3.6562 of 5 stars
$62.49
-0.7%
N/A-1.7%$3.63B$1.53B19.711,616Positive News
Short Interest ↓
EVRG
Evergy
3.1069 of 5 stars
$70.77
-1.2%
$74.44
+5.2%
+18.3%$16.29B$5.85B19.444,731Positive News
LNT
Alliant Energy
3.9782 of 5 stars
$64.05
-0.9%
$65.50
+2.3%
+8.5%$16.46B$3.98B19.772,998Positive News
ATO
Atmos Energy
4.3144 of 5 stars
$163.95
-1.5%
$158.27
-3.5%
+21.2%$26.32B$4.62B22.525,260Positive News
BKH
Black Hills
4.1127 of 5 stars
$58.43
-2.1%
$66.00
+13.0%
-1.8%$4.26B$2.13B14.722,841Positive News
IDA
IDACORP
4.1749 of 5 stars
$123.60
-1.4%
$123.57
0.0%
+21.4%$6.68B$1.83B21.762,141Positive News
NWE
NorthWestern Energy Group
2.7216 of 5 stars
$56.48
-2.5%
$60.00
+6.2%
+1.2%$3.47B$1.53B15.471,573Positive News
OGE
OGE Energy
3.9596 of 5 stars
$43.44
-1.6%
$46.80
+7.7%
+8.3%$8.75B$2.99B17.802,291Positive News
POR
Portland General Electric
2.5144 of 5 stars
$42.06
-1.8%
$45.40
+8.0%
-12.8%$4.61B$3.49B15.522,915Short Interest ↑
PNW
Pinnacle West Capital
4.0114 of 5 stars
$87.83
-1.3%
$97.22
+10.7%
-3.5%$10.49B$5.26B18.116,403
OTTR
Otter Tail
1.8297 of 5 stars
$82.90
-1.2%
$83.00
+0.1%
+5.9%$3.52B$1.31B12.192,133Positive News

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This page (NYSE:ALE) was last updated on 9/16/2025 by MarketBeat.com Staff
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