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Allete (ALE) Competitors

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$67.32 +0.02 (+0.02%)
As of 02:40 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

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 compare the two companies based on the strength of their media sentiment, analyst recommendations, profitability, earnings, dividends, valuation, risk and institutional ownership.

Evergy has a consensus price target of $74.44, indicating a potential downside of 4.37%. Given Evergy's stronger consensus rating and 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)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Evergy
0 Sell rating(s)
0 Hold rating(s)
9 Buy rating(s)
1 Strong Buy rating(s)
3.10

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.

In the previous week, Evergy had 9 more articles in the media than Allete. MarketBeat recorded 16 mentions for Evergy and 7 mentions for Allete. Evergy's average media sentiment score of 0.98 beat Allete's score of 0.72 indicating that Evergy is being referred to more favorably in the news media.

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

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 owned by institutional investors. Comparatively, 87.2% of Evergy shares are owned by institutional investors. 0.3% of Allete shares are owned by company insiders. Comparatively, 1.4% of Evergy shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

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

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$3.1721.24
Evergy$5.88B3.05$873.50M$3.6421.38

Summary

Evergy beats Allete on 17 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$26.66B$17.52B$21.95B
Dividend Yield4.34%3.51%4.62%3.56%
P/E Ratio21.2419.4357.2029.65
Price / Sales2.554.2235.54100.18
Price / Cash8.599.2719.3418.33
Price / Book1.152.352.254.61
Net Income$179.30M$1.43B$748.50M$1.01B
7 Day Performance1.36%2.38%8.01%0.14%
1 Month Performance5.78%5.81%10.48%2.28%
1 Year Performance4.98%16.07%134.46%13.86%

Allete Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALE
Allete
3.5097 of 5 stars
$67.32
+0.0%
N/A+4.8%$3.91B$1.53B21.241,616
EVRG
Evergy
3.4852 of 5 stars
$75.06
+1.3%
$74.44
-0.8%
+28.4%$17.05B$5.85B20.624,731
LNT
Alliant Energy
3.9807 of 5 stars
$66.78
+1.1%
$65.50
-1.9%
+13.2%$16.98B$3.98B19.662,998Positive News
ATO
Atmos Energy
4.2702 of 5 stars
$169.43
+0.6%
$161.82
-4.5%
+23.9%$27.04B$4.17B23.275,260Positive News
BKH
Black Hills
4.2274 of 5 stars
$61.12
+0.3%
$66.00
+8.0%
+0.9%$4.44B$2.13B15.392,841Positive News
IDA
IDACORP
4.002 of 5 stars
$130.60
+0.7%
$123.29
-5.6%
+31.6%$7.01B$1.83B22.992,141Positive News
Analyst Revision
NWE
NorthWestern Energy Group
2.5824 of 5 stars
$58.11
+0.2%
$59.17
+1.8%
+4.2%$3.57B$1.53B15.921,573Positive News
OGE
OGE Energy
3.9364 of 5 stars
$45.87
+0.3%
$47.00
+2.5%
+13.6%$9.21B$2.99B18.802,291Positive News
POR
Portland General Electric
2.0649 of 5 stars
$43.39
-0.1%
$45.40
+4.6%
-6.2%$4.76B$3.44B16.012,915
PNW
Pinnacle West Capital
3.7111 of 5 stars
$87.65
+1.0%
$96.00
+9.5%
+3.4%$10.36B$5.26B18.076,403Analyst Forecast
OTTR
Otter Tail
1.461 of 5 stars
$81.64
-1.0%
$83.00
+1.7%
+2.0%$3.45B$1.33B12.012,133

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This page (NYSE:ALE) was last updated on 10/7/2025 by MarketBeat.com Staff
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