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Allete (ALE) Competitors

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$67.36 -0.03 (-0.04%)
Closing price 03:59 PM Eastern
Extended Trading
$67.34 -0.02 (-0.02%)
As of 04:20 PM Eastern
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ALE vs. EVRG, LNT, ATO, BKH, IDA, OGE, POR, PNW, OTTR, and MGEE

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), OGE Energy (OGE), Portland General Electric (POR), Pinnacle West Capital (PNW), Otter Tail (OTTR), and MGE Energy (MGEE). 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 better investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, profitability, dividends, valuation, institutional ownership, media sentiment and earnings.

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%

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 company insiders. Comparatively, 1.4% of Evergy shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Allete$1.53B2.55$179.30M$3.1721.25
Evergy$5.88B3.08$873.50M$3.6421.63

In the previous week, Evergy had 15 more articles in the media than Allete. MarketBeat recorded 20 mentions for Evergy and 5 mentions for Allete. Allete's average media sentiment score of 1.07 beat Evergy's score of 1.01 indicating that Allete is being referred to more favorably in the media.

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

Evergy has a consensus price target of $78.07, suggesting a potential downside of 0.84%. Given Evergy's stronger consensus rating and higher possible upside, analysts plainly believe Evergy is more favorable than Allete.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Allete
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Evergy
0 Sell rating(s)
0 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
3.11

Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.3%. Evergy pays an annual dividend of $2.67 per share and has a dividend yield of 3.4%. 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 raised its dividend for 15 consecutive years and Evergy has raised its dividend for 20 consecutive years.

Allete has a beta of 0.83, meaning that its stock price is 17% less volatile than the S&P 500. Comparatively, Evergy has a beta of 0.57, meaning that its stock price is 43% less volatile than the S&P 500.

Summary

Evergy beats Allete on 16 of the 20 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$3.91B$26.85B$17.77B$21.83B
Dividend Yield4.33%3.41%4.58%3.61%
P/E Ratio21.2519.6719.2132.47
Price / Sales2.554.1530.7785.68
Price / Cash8.619.4719.3824.48
Price / Book1.152.362.284.60
Net Income$179.30M$1.43B$748.50M$1.02B
7 Day Performance0.03%-0.52%-0.23%-0.71%
1 Month Performance5.26%4.03%8.11%-0.62%
1 Year Performance5.03%17.15%41.05%10.38%

Allete Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALE
Allete
3.1316 of 5 stars
$67.36
0.0%
N/A+4.7%$3.91B$1.53B20.171,616Positive News
Upcoming Earnings
EVRG
Evergy
2.8095 of 5 stars
$77.49
+0.0%
$76.94
-0.7%
+27.6%$17.83B$5.85B21.294,731News Coverage
Positive News
LNT
Alliant Energy
3.9023 of 5 stars
$67.66
-0.1%
$66.78
-1.3%
+11.2%$17.41B$3.98B20.162,998Positive News
Dividend Announcement
ATO
Atmos Energy
4.3087 of 5 stars
$175.58
-0.5%
$164.70
-6.2%
+24.5%$28.33B$4.17B24.125,260Positive News
Analyst Forecast
BKH
Black Hills
3.7244 of 5 stars
$60.06
-0.6%
$66.00
+9.9%
+6.6%$4.40B$2.13B15.132,841Positive News
IDA
IDACORP
4.059 of 5 stars
$134.03
-0.3%
$123.29
-8.0%
+30.8%$7.27B$1.83B23.602,141Positive News
Dividend Increase
Analyst Forecast
OGE
OGE Energy
4.5012 of 5 stars
$45.94
+0.3%
$47.00
+2.3%
+14.2%$9.22B$2.99B18.832,291News Coverage
Positive News
Upcoming Earnings
Analyst Forecast
POR
Portland General Electric
2.3872 of 5 stars
$43.20
-0.9%
$45.40
+5.1%
-7.3%$4.77B$3.44B15.942,915News Coverage
Positive News
Analyst Forecast
Analyst Revision
PNW
Pinnacle West Capital
4.2125 of 5 stars
$92.16
-0.3%
$96.64
+4.9%
+5.4%$11.04B$5.12B19.006,403Positive News
Analyst Forecast
OTTR
Otter Tail
2.2456 of 5 stars
$76.08
+1.4%
$83.00
+9.1%
+0.4%$3.15B$1.33B11.192,133News Coverage
Positive News
Analyst Revision
MGEE
MGE Energy
4.0602 of 5 stars
$83.91
-0.8%
$79.00
-5.9%
-7.0%$3.09B$676.94M23.31700Positive News
Dividend Announcement
Analyst Forecast

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This page (NYSE:ALE) was last updated on 10/22/2025 by MarketBeat.com Staff
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