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ALLETE (ALE) Competitors

ALLETE logo
$65.02 +0.01 (+0.01%)
As of 12:21 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

ALE vs. PNW, OGE, IDA, POR, MGEE, OTTR, HE, ARRY, UTL, and NEE

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), MGE Energy (MGEE), Otter Tail (OTTR), Hawaiian Electric Industries (HE), Array Technologies (ARRY), Unitil (UTL), and NextEra Energy (NEE). These companies are all part of the "electric utilities" industry.

ALLETE vs.

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

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

Pinnacle West Capital has a net margin of 12.26% compared to ALLETE's net margin of 11.72%. Pinnacle West Capital's return on equity of 9.60% beat ALLETE's return on equity.

Company Net Margins Return on Equity Return on Assets
ALLETE11.72% 5.97% 3.03%
Pinnacle West Capital 12.26%9.60%2.43%

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$1.53B2.47$179.30M$3.1920.38
Pinnacle West Capital$5.21B2.09$501.56M$5.0318.12

ALLETE pays an annual dividend of $2.92 per share and has a dividend yield of 4.5%. Pinnacle West Capital pays an annual dividend of $3.58 per share and has a dividend yield of 3.9%. ALLETE pays out 91.5% 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 71.2% 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.

ALLETE has a beta of 0.82, suggesting that its stock price is 18% less volatile than the S&P 500. Comparatively, Pinnacle West Capital has a beta of 0.45, suggesting that its stock price is 55% less volatile than the S&P 500.

In the previous week, Pinnacle West Capital had 11 more articles in the media than ALLETE. MarketBeat recorded 20 mentions for Pinnacle West Capital and 9 mentions for ALLETE. ALLETE's average media sentiment score of 1.57 beat Pinnacle West Capital's score of 1.46 indicating that ALLETE is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
ALLETE
8 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Pinnacle West Capital
16 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Pinnacle West Capital received 105 more outperform votes than ALLETE when rated by MarketBeat users. However, 49.57% of users gave ALLETE an outperform vote while only 41.48% of users gave Pinnacle West Capital an outperform vote.

CompanyUnderperformOutperform
ALLETEOutperform Votes
287
49.57%
Underperform Votes
292
50.43%
Pinnacle West CapitalOutperform Votes
392
41.48%
Underperform Votes
553
58.52%

Pinnacle West Capital has a consensus target price of $95.75, indicating a potential upside of 5.08%. Given Pinnacle West Capital's higher possible upside, analysts plainly 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)
0 Buy rating(s)
1 Strong Buy rating(s)
4.00
Pinnacle West Capital
0 Sell rating(s)
7 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.30

Summary

ALLETE and Pinnacle West Capital tied by winning 11 of the 22 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 {thisCompany.Symbol} 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

MetricALLETEElectric & other services combined IndustryUtilities SectorNYSE Exchange
Market Cap$3.77B$20.82B$16.41B$19.42B
Dividend Yield4.48%3.20%5.72%3.83%
P/E Ratio20.9735.7220.3734.23
Price / Sales2.4712.8922.9734.85
Price / Cash8.378.4018.6817.51
Price / Book1.112.042.114.69
Net Income$179.30M$965.53M$674.16M$1.02B
7 Day Performance-0.10%-0.23%1.61%-1.74%
1 Month Performance-0.23%0.50%2.90%7.46%
1 Year Performance3.20%9.09%7.61%3.96%

ALLETE Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALE
ALLETE
2.564 of 5 stars
$65.02
+0.0%
N/A+2.4%$3.77B$1.53B20.971,490News Coverage
Positive News
PNW
Pinnacle West Capital
3.7119 of 5 stars
$92.44
+0.8%
$95.75
+3.6%
+15.9%$11.04B$5.21B17.5180News Coverage
Positive News
Analyst Forecast
OGE
OGE Energy
3.9842 of 5 stars
$44.63
+0.6%
$46.40
+4.0%
+18.9%$8.99B$3.14B20.292,240Positive News
Dividend Announcement
IDA
IDACORP
4.7312 of 5 stars
$117.18
+1.4%
$123.57
+5.5%
+19.0%$6.33B$1.81B21.382,070News Coverage
Positive News
Analyst Forecast
POR
Portland General Electric
3.1392 of 5 stars
$42.71
+0.0%
$45.60
+6.8%
-7.4%$4.68B$3.44B14.192,870Analyst Forecast
MGEE
MGE Energy
3.1602 of 5 stars
$93.48
+1.0%
$80.00
-14.4%
+10.0%$3.42B$704.58M28.59700Positive News
Dividend Announcement
Analyst Forecast
OTTR
Otter Tail
1.6023 of 5 stars
$79.77
-0.2%
$83.00
+4.0%
-16.0%$3.34B$1.32B11.132,420
HE
Hawaiian Electric Industries
2.8315 of 5 stars
$10.69
+0.7%
$12.00
+12.3%
-4.9%$1.84B$3.17B-0.903,760Positive News
ARRY
Array Technologies
3.2423 of 5 stars
$7.26
-5.5%
$9.60
+32.2%
-36.0%$1.11B$1.06B-7.48470Analyst Forecast
Gap Down
High Trading Volume
UTL
Unitil
2.7992 of 5 stars
$55.10
+1.3%
$55.00
-0.2%
0.0%$895.43M$486.90M18.81520Positive News
NEE
NextEra Energy
4.9887 of 5 stars
$73.78
-1.6%
$83.46
+13.1%
-7.0%$151.89B$25.27B21.8915,300Positive News
Gap Down

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This page (NYSE:ALE) was last updated on 5/22/2025 by MarketBeat.com Staff
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