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Allete (ALE) Competitors

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ALE vs. PNW, OGE, IDA, POR, and OTTR

Should you be buying Allete stock or one of its competitors? The main competitors of Allete include Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Portland General Electric (POR), and Otter Tail (OTTR). These companies are all part of the "electric utilities" industry.

How does Allete compare to Pinnacle West Capital?

Allete (NYSE:ALE) and Pinnacle West Capital (NYSE:PNW) are both utilities companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, risk, valuation, analyst recommendations, profitability, media sentiment and earnings.

Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.3%. Pinnacle West Capital pays an annual dividend of $3.64 per share and has a dividend yield of 3.7%. Allete pays out 102.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Pinnacle West Capital pays out 67.8% of its earnings in the form of a dividend. Allete has increased its dividend for 15 consecutive years. Allete is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Pinnacle West Capital has higher revenue and earnings than Allete. Pinnacle West Capital 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$1.53B2.58$179.30M$2.8523.82
Pinnacle West Capital$5.34B2.25$616.53M$5.3718.49

76.6% of Allete shares are held by institutional investors. Comparatively, 91.5% of Pinnacle West Capital shares are held by institutional investors. 0.3% of Allete shares are held by insiders. Comparatively, 0.2% of Pinnacle West Capital shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Allete has a beta of 0.83, suggesting that its stock price is 17% less volatile than the S&P 500. Comparatively, Pinnacle West Capital has a beta of 0.46, suggesting that its stock price is 54% less volatile than the S&P 500.

Pinnacle West Capital has a net margin of 11.99% compared to Allete's net margin of 11.04%. Pinnacle West Capital's return on equity of 9.27% beat Allete's return on equity.

Company Net Margins Return on Equity Return on Assets
Allete11.04% 5.08% 2.47%
Pinnacle West Capital 11.99%9.27%2.18%

Pinnacle West Capital has a consensus price target of $103.07, indicating a potential upside of 3.83%. Given Pinnacle West Capital's higher possible upside, analysts clearly believe Pinnacle West Capital 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)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
Pinnacle West Capital
0 Sell rating(s)
13 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.19

In the previous week, Pinnacle West Capital had 17 more articles in the media than Allete. MarketBeat recorded 17 mentions for Pinnacle West Capital and 0 mentions for Allete. Pinnacle West Capital's average media sentiment score of 0.70 beat Allete's score of 0.00 indicating that Pinnacle West Capital is being referred to more favorably in the news media.

Company Overall Sentiment
Allete Neutral
Pinnacle West Capital Positive

Summary

Pinnacle West Capital beats Allete on 11 of the 19 factors compared between the two stocks.

How does Allete compare to OGE Energy?

Allete (NYSE:ALE) and OGE Energy (NYSE:OGE) are both mid-cap utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, risk, earnings, analyst recommendations, valuation, media sentiment, institutional ownership and profitability.

OGE Energy has a net margin of 14.03% compared to Allete's net margin of 11.04%. OGE Energy's return on equity of 9.47% beat Allete's return on equity.

Company Net Margins Return on Equity Return on Assets
Allete11.04% 5.08% 2.47%
OGE Energy 14.03%9.47%3.20%

In the previous week, OGE Energy had 10 more articles in the media than Allete. MarketBeat recorded 10 mentions for OGE Energy and 0 mentions for Allete. OGE Energy's average media sentiment score of 0.93 beat Allete's score of 0.00 indicating that OGE Energy is being referred to more favorably in the news media.

Company Overall Sentiment
Allete Neutral
OGE Energy Positive

OGE Energy has higher revenue and earnings than Allete. OGE Energy 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$1.53B2.58$179.30M$2.8523.82
OGE Energy$3.26B3.00$470.70M$2.2421.14

76.6% of Allete shares are owned by institutional investors. Comparatively, 71.8% of OGE Energy shares are owned by institutional investors. 0.3% of Allete shares are owned by company insiders. Comparatively, 0.6% of OGE Energy shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Allete has a beta of 0.83, indicating that its share price is 17% less volatile than the S&P 500. Comparatively, OGE Energy has a beta of 0.55, indicating that its share price is 45% less volatile than the S&P 500.

OGE Energy has a consensus price target of $49.38, suggesting a potential upside of 4.27%. Given OGE Energy's higher probable upside, analysts clearly believe OGE Energy 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)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
OGE Energy
0 Sell rating(s)
6 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.40

Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.3%. OGE Energy pays an annual dividend of $1.70 per share and has a dividend yield of 3.6%. Allete pays out 102.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. OGE Energy pays out 75.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Allete has raised its dividend for 15 consecutive years and OGE Energy has raised its dividend for 18 consecutive years.

Summary

OGE Energy beats Allete on 13 of the 19 factors compared between the two stocks.

How does Allete compare to IDACORP?

IDACORP (NYSE:IDA) and Allete (NYSE:ALE) are both mid-cap utilities companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, risk, institutional ownership, valuation, analyst recommendations, dividends and media sentiment.

IDACORP pays an annual dividend of $3.52 per share and has a dividend yield of 2.4%. Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.3%. IDACORP pays out 58.6% of its earnings in the form of a dividend. Allete pays out 102.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. IDACORP has raised its dividend for 13 consecutive years and Allete has raised its dividend for 15 consecutive years. Allete is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

IDACORP has a net margin of 18.60% compared to Allete's net margin of 11.04%. IDACORP's return on equity of 9.40% beat Allete's return on equity.

Company Net Margins Return on Equity Return on Assets
IDACORP18.60% 9.40% 3.25%
Allete 11.04%5.08%2.47%

IDACORP presently has a consensus target price of $150.00, suggesting a potential upside of 4.12%. Given IDACORP's higher probable upside, equities research analysts clearly believe IDACORP is more favorable than Allete.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IDACORP
1 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.63
Allete
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

89.1% of IDACORP shares are held by institutional investors. Comparatively, 76.6% of Allete shares are held by institutional investors. 0.3% of IDACORP shares are held by insiders. Comparatively, 0.3% of Allete shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IDACORP$1.81B4.40$323.47M$6.0123.97
Allete$1.53B2.58$179.30M$2.8523.82

IDACORP has a beta of 0.52, meaning that its stock price is 48% less volatile than the S&P 500. Comparatively, Allete has a beta of 0.83, meaning that its stock price is 17% less volatile than the S&P 500.

In the previous week, IDACORP had 9 more articles in the media than Allete. MarketBeat recorded 9 mentions for IDACORP and 0 mentions for Allete. IDACORP's average media sentiment score of 0.71 beat Allete's score of 0.00 indicating that IDACORP is being referred to more favorably in the media.

Company Overall Sentiment
IDACORP Positive
Allete Neutral

Summary

IDACORP beats Allete on 15 of the 19 factors compared between the two stocks.

How does Allete compare to Portland General Electric?

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

Portland General Electric pays an annual dividend of $2.10 per share and has a dividend yield of 4.3%. Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.3%. Portland General Electric pays out 93.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Allete pays out 102.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Portland General Electric has increased its dividend for 2 consecutive years and Allete has increased its dividend for 15 consecutive years. Portland General Electric is clearly the better dividend stock, given its higher yield and lower payout ratio.

Allete has a net margin of 11.04% compared to Portland General Electric's net margin of 7.12%. Portland General Electric's return on equity of 7.57% beat Allete's return on equity.

Company Net Margins Return on Equity Return on Assets
Portland General Electric7.12% 7.57% 2.33%
Allete 11.04%5.08%2.47%

Portland General Electric presently has a consensus price target of $51.00, indicating a potential upside of 5.20%. Given Portland General Electric's higher probable upside, analysts plainly believe Portland General Electric is more favorable than Allete.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Portland General Electric
1 Sell rating(s)
9 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Allete
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

76.6% of Allete shares are owned by institutional investors. 0.5% of Portland General Electric shares are owned by insiders. Comparatively, 0.3% of Allete shares are owned 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.

Portland General Electric has higher revenue and earnings than Allete. Portland General Electric 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
Portland General Electric$3.58B1.57$306M$2.2421.64
Allete$1.53B2.58$179.30M$2.8523.82

Portland General Electric has a beta of 0.54, suggesting that its share price is 46% less volatile than the S&P 500. Comparatively, Allete has a beta of 0.83, suggesting that its share price is 17% less volatile than the S&P 500.

In the previous week, Portland General Electric had 15 more articles in the media than Allete. MarketBeat recorded 15 mentions for Portland General Electric and 0 mentions for Allete. Portland General Electric's average media sentiment score of 0.39 beat Allete's score of 0.00 indicating that Portland General Electric is being referred to more favorably in the media.

Company Overall Sentiment
Portland General Electric Neutral
Allete Neutral

Summary

Portland General Electric and Allete tied by winning 9 of the 18 factors compared between the two stocks.

How does Allete compare to Otter Tail?

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

In the previous week, Otter Tail had 17 more articles in the media than Allete. MarketBeat recorded 17 mentions for Otter Tail and 0 mentions for Allete. Otter Tail's average media sentiment score of 0.34 beat Allete's score of 0.00 indicating that Otter Tail is being referred to more favorably in the media.

Company Overall Sentiment
Otter Tail Neutral
Allete Neutral

Otter Tail has a net margin of 21.34% compared to Allete's net margin of 11.04%. Otter Tail's return on equity of 15.21% beat Allete's return on equity.

Company Net Margins Return on Equity Return on Assets
Otter Tail21.34% 15.21% 7.13%
Allete 11.04%5.08%2.47%

Otter Tail presently has a consensus price target of $86.00, indicating a potential downside of 2.31%. Given Otter Tail's higher probable upside, analysts plainly believe Otter Tail is more favorable than Allete.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Otter Tail
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.67
Allete
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

Otter Tail has higher earnings, but lower revenue than Allete. Otter Tail 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
Otter Tail$1.30B2.83$275.89M$6.6713.20
Allete$1.53B2.58$179.30M$2.8523.82

Otter Tail pays an annual dividend of $2.31 per share and has a dividend yield of 2.6%. Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.3%. Otter Tail pays out 34.6% of its earnings in the form of a dividend. Allete pays out 102.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Otter Tail has increased its dividend for 12 consecutive years and Allete has increased its dividend for 15 consecutive years. Allete is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Otter Tail has a beta of 0.47, suggesting that its share price is 53% less volatile than the S&P 500. Comparatively, Allete has a beta of 0.83, suggesting that its share price is 17% less volatile than the S&P 500.

61.3% of Otter Tail shares are owned by institutional investors. Comparatively, 76.6% of Allete shares are owned by institutional investors. 2.0% of Otter Tail shares are owned by insiders. Comparatively, 0.3% of Allete shares are owned 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.

Summary

Otter Tail beats Allete on 12 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$3.94B$29.15B$19.17B$22.98B
Dividend Yield4.30%3.18%3.78%4.01%
P/E Ratio23.8223.9522.1228.64
Price / Sales2.585.4529.07110.84
Price / Cash8.689.5619.5325.08
Price / Book1.162.842.414.62
Net Income$179.30M$1.54B$780.30M$1.07B

Allete Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALE
Allete
N/A$67.90
flat
N/AN/A$3.94B$1.53B23.821,616
PNW
Pinnacle West Capital
3.5009 of 5 stars
$101.89
-1.6%
$103.00
+1.1%
+5.9%$12.53B$5.34B20.146,610
OGE
OGE Energy
4.1759 of 5 stars
$47.85
-0.7%
$49.38
+3.2%
+4.5%$9.94B$3.26B21.362,248
IDA
IDACORP
3.6223 of 5 stars
$146.53
-0.4%
$148.86
+1.6%
+23.0%$8.08B$1.81B24.382,185
POR
Portland General Electric
3.2598 of 5 stars
$48.96
-1.5%
$51.00
+4.2%
+14.1%$5.76B$3.58B21.862,877

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This page (NYSE:ALE) was last updated on 5/8/2026 by MarketBeat.com Staff.
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