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Allete (ALE) Competitors

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$66.10 +1.13 (+1.74%)
Closing price 07/11/2025 03:58 PM Eastern
Extended Trading
$66.08 -0.02 (-0.03%)
As of 07/11/2025 06:24 PM Eastern
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ALE vs. EVRG, LNT, ATO, BKH, IDA, NI, NWE, OGE, PNW, and POR

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), NiSource (NI), NorthWestern Energy Group (NWE), OGE Energy (OGE), Pinnacle West Capital (PNW), and Portland General Electric (POR). These companies are all part of the "utilities" sector.

Allete vs. Its Competitors

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

Evergy has a beta of 0.5, indicating that its stock price is 50% less volatile than the S&P 500. Comparatively, Allete has a beta of 0.79, indicating that its stock price is 21% less volatile than the S&P 500.

In the previous week, Evergy had 16 more articles in the media than Allete. MarketBeat recorded 19 mentions for Evergy and 3 mentions for Allete. Evergy's average media sentiment score of 0.99 beat Allete's score of 0.86 indicating that Evergy is being referred to more favorably in the media.

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

87.2% of Evergy shares are owned by institutional investors. Comparatively, 76.6% of Allete shares are owned by institutional investors. 1.4% of Evergy 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 company is poised for long-term growth.

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
Evergy$5.85B2.71$873.50M$3.8018.15
Allete$1.53B2.51$179.30M$3.1920.72

Evergy pays an annual dividend of $2.67 per share and has a dividend yield of 3.9%. Allete pays an annual dividend of $2.92 per share and has a dividend yield of 4.4%. Evergy pays out 70.3% of its earnings in the form of a dividend. 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. Evergy has raised its dividend for 20 consecutive years and Allete has raised its dividend for 15 consecutive years.

Evergy has a net margin of 14.87% compared to Allete's net margin of 12.10%. Evergy's return on equity of 8.84% beat Allete's return on equity.

Company Net Margins Return on Equity Return on Assets
Evergy14.87% 8.84% 2.73%
Allete 12.10%6.05%3.04%

Evergy currently has a consensus price target of $73.19, suggesting a potential upside of 6.13%. Given Evergy's higher possible upside, research analysts clearly believe Evergy is more favorable than Allete.

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

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$3.77B$24.49B$15.86B$20.73B
Dividend Yield4.49%3.74%5.61%3.71%
P/E Ratio20.7234.3720.0827.84
Price / Sales2.514.0829.6242.30
Price / Cash8.308.8619.0922.63
Price / Book1.132.222.154.57
Net Income$179.30M$1.43B$751.09M$989.30M
7 Day Performance1.54%-1.28%-0.60%0.20%
1 Month Performance1.47%0.41%1.47%3.95%
1 Year Performance4.08%16.25%13.07%10.27%

Allete Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALE
Allete
3.1828 of 5 stars
$66.10
+1.7%
N/A+3.6%$3.77B$1.53B20.721,616News Coverage
High Trading Volume
EVRG
Evergy
3.8633 of 5 stars
$69.30
-1.3%
$73.19
+5.6%
+26.2%$15.95B$5.85B18.244,731News Coverage
LNT
Alliant Energy
4.6073 of 5 stars
$61.95
+0.7%
$64.32
+3.8%
+16.5%$15.91B$4.08B21.362,998Positive News
Analyst Forecast
ATO
Atmos Energy
4.2014 of 5 stars
$152.75
+0.3%
$156.05
+2.2%
+28.7%$24.26B$4.17B21.225,260Positive News
Analyst Forecast
BKH
Black Hills
4.5618 of 5 stars
$56.42
-0.9%
$66.00
+17.0%
+0.7%$4.09B$2.21B14.392,841
IDA
IDACORP
4.0727 of 5 stars
$116.30
+0.3%
$122.86
+5.6%
+23.8%$6.28B$1.83B20.662,141News Coverage
Positive News
Analyst Forecast
NI
NiSource
4.4511 of 5 stars
$39.62
+0.2%
$41.50
+4.7%
+33.2%$18.65B$5.46B21.427,746Positive News
NWE
NorthWestern Energy Group
3.5333 of 5 stars
$51.97
-1.0%
$60.00
+15.5%
+3.2%$3.19B$1.51B14.241,573News Coverage
Positive News
OGE
OGE Energy
4.0549 of 5 stars
$43.99
-1.1%
$46.80
+6.4%
+21.0%$8.86B$2.99B18.182,291Positive News
PNW
Pinnacle West Capital
3.8231 of 5 stars
$90.06
-0.4%
$97.00
+7.7%
+13.7%$10.75B$5.12B17.906,403News Coverage
Positive News
Analyst Forecast
POR
Portland General Electric
3.4473 of 5 stars
$40.90
-0.8%
$45.60
+11.5%
-7.8%$4.48B$3.44B14.402,915

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This page (NYSE:ALE) was last updated on 7/12/2025 by MarketBeat.com Staff
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