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NYSE:ALE

ALLETE Competitors

$70.06
+1.81 (+2.65 %)
(As of 05/13/2021 12:00 AM ET)
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Today's Range
$68.33
$70.52
50-Day Range
$67.19
$71.41
52-Week Range
$48.22
$72.60
Volume220,146 shs
Average Volume361,707 shs
Market Capitalization$3.66 billion
P/E Ratio20.55
Dividend Yield3.66%
Beta0.43

Competitors

ALLETE (NYSE:ALE) Vs. NEE, DUK, SO, ES, PPL, and EIX

Should you be buying ALE stock or one of its competitors? Companies in the sub-industry of "electric utilities" are considered alternatives and competitors to ALLETE, including NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), PPL (PPL), and Edison International (EIX).

ALLETE (NYSE:ALE) and NextEra Energy (NYSE:NEE) are both utilities companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, analyst recommendations, earnings, valuation, institutional ownership, risk and dividends.

Profitability

This table compares ALLETE and NextEra Energy's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
ALLETE15.33%7.29%3.07%
NextEra Energy21.44%10.79%3.68%

Volatility & Risk

ALLETE has a beta of 0.43, suggesting that its share price is 57% less volatile than the S&P 500. Comparatively, NextEra Energy has a beta of 0.16, suggesting that its share price is 84% less volatile than the S&P 500.

Earnings & Valuation

This table compares ALLETE and NextEra Energy's revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ALLETE$1.24 billion2.95$185.60 million$3.3321.04
NextEra Energy$19.20 billion7.42$3.77 billion$2.0934.75

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

Dividends

ALLETE pays an annual dividend of $2.52 per share and has a dividend yield of 3.6%. NextEra Energy pays an annual dividend of $1.54 per share and has a dividend yield of 2.1%. ALLETE pays out 75.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. NextEra Energy pays out 73.7% of its earnings in the form of a dividend. ALLETE has increased its dividend for 1 consecutive years and NextEra Energy has increased its dividend for 1 consecutive years.

Analyst Ratings

This is a summary of current recommendations and price targets for ALLETE and NextEra Energy, as provided by MarketBeat.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
ALLETE13102.00
NextEra Energy031102.79

ALLETE presently has a consensus target price of $66.50, suggesting a potential downside of 5.08%. NextEra Energy has a consensus target price of $78.8333, suggesting a potential upside of 8.54%. Given NextEra Energy's stronger consensus rating and higher probable upside, analysts clearly believe NextEra Energy is more favorable than ALLETE.

Insider & Institutional Ownership

71.9% of ALLETE shares are held by institutional investors. Comparatively, 19.2% of NextEra Energy shares are held by institutional investors. 0.3% of ALLETE shares are held by company insiders. Comparatively, 0.4% of NextEra Energy 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.

Summary

NextEra Energy beats ALLETE on 12 of the 16 factors compared between the two stocks.

ALLETE (NYSE:ALE) and Duke Energy (NYSE:DUK) are both utilities companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, analyst recommendations, earnings, valuation, institutional ownership, risk and dividends.

Profitability

This table compares ALLETE and Duke Energy's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
ALLETE15.33%7.29%3.07%
Duke Energy8.68%8.28%2.35%

Volatility & Risk

ALLETE has a beta of 0.43, suggesting that its share price is 57% less volatile than the S&P 500. Comparatively, Duke Energy has a beta of 0.23, suggesting that its share price is 77% less volatile than the S&P 500.

Earnings & Valuation

This table compares ALLETE and Duke Energy's revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ALLETE$1.24 billion2.95$185.60 million$3.3321.04
Duke Energy$25.08 billion3.16$3.75 billion$5.0620.36

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

Dividends

ALLETE pays an annual dividend of $2.52 per share and has a dividend yield of 3.6%. Duke Energy pays an annual dividend of $3.86 per share and has a dividend yield of 3.7%. ALLETE pays out 75.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Duke Energy pays out 76.3% 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 increased its dividend for 1 consecutive years and Duke Energy has increased its dividend for 14 consecutive years. Duke Energy is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Analyst Ratings

This is a summary of current recommendations and price targets for ALLETE and Duke Energy, as provided by MarketBeat.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
ALLETE13102.00
Duke Energy09202.18

ALLETE presently has a consensus target price of $66.50, suggesting a potential downside of 5.08%. Duke Energy has a consensus target price of $102.50, suggesting a potential downside of 0.49%. Given Duke Energy's stronger consensus rating and higher probable upside, analysts clearly believe Duke Energy is more favorable than ALLETE.

Insider & Institutional Ownership

71.9% of ALLETE shares are held by institutional investors. Comparatively, 63.5% of Duke Energy shares are held by institutional investors. 0.3% of ALLETE shares are held by company insiders. Comparatively, 0.1% of Duke Energy 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.

Summary

Duke Energy beats ALLETE on 11 of the 17 factors compared between the two stocks.

The Southern (NYSE:SO) and ALLETE (NYSE:ALE) are both utilities companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, valuation, dividends, institutional ownership, profitability, earnings and risk.

Insider & Institutional Ownership

57.6% of The Southern shares are owned by institutional investors. Comparatively, 71.9% of ALLETE shares are owned by institutional investors. 0.4% of The Southern shares are owned by company insiders. Comparatively, 0.3% of ALLETE shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Volatility & Risk

The Southern has a beta of 0.39, suggesting that its stock price is 61% less volatile than the S&P 500. Comparatively, ALLETE has a beta of 0.43, suggesting that its stock price is 57% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of recent ratings and price targets for The Southern and ALLETE, as reported by MarketBeat.com.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
The Southern32702.33
ALLETE13102.00

The Southern presently has a consensus price target of $66.3333, suggesting a potential upside of 0.92%. ALLETE has a consensus price target of $66.50, suggesting a potential downside of 5.08%. Given The Southern's stronger consensus rating and higher probable upside, equities research analysts plainly believe The Southern is more favorable than ALLETE.

Valuation & Earnings

This table compares The Southern and ALLETE's top-line revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
The Southern$21.42 billion3.25$4.75 billion$3.1121.14
ALLETE$1.24 billion2.95$185.60 million$3.3321.04

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

Profitability

This table compares The Southern and ALLETE's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
The Southern15.80%10.08%2.69%
ALLETE15.33%7.29%3.07%

Dividends

The Southern pays an annual dividend of $2.56 per share and has a dividend yield of 3.9%. ALLETE pays an annual dividend of $2.52 per share and has a dividend yield of 3.6%. The Southern pays out 82.3% 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 75.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. The Southern has increased its dividend for 19 consecutive years and ALLETE has increased its dividend for 1 consecutive years. The Southern is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

The Southern beats ALLETE on 12 of the 17 factors compared between the two stocks.

Eversource Energy (NYSE:ES) and ALLETE (NYSE:ALE) are both utilities companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, valuation, dividends, institutional ownership, profitability, earnings and risk.

Insider & Institutional Ownership

76.8% of Eversource Energy shares are owned by institutional investors. Comparatively, 71.9% of ALLETE shares are owned by institutional investors. 0.3% of Eversource Energy shares are owned by company insiders. Comparatively, 0.3% of ALLETE shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Volatility & Risk

Eversource Energy has a beta of 0.28, suggesting that its stock price is 72% less volatile than the S&P 500. Comparatively, ALLETE has a beta of 0.43, suggesting that its stock price is 57% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of recent ratings and price targets for Eversource Energy and ALLETE, as reported by MarketBeat.com.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
Eversource Energy27302.08
ALLETE13102.00

Eversource Energy presently has a consensus price target of $90.1818, suggesting a potential upside of 6.46%. ALLETE has a consensus price target of $66.50, suggesting a potential downside of 5.08%. Given Eversource Energy's stronger consensus rating and higher probable upside, equities research analysts plainly believe Eversource Energy is more favorable than ALLETE.

Valuation & Earnings

This table compares Eversource Energy and ALLETE's top-line revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Eversource Energy$8.53 billion3.41$909.05 million$3.4524.55
ALLETE$1.24 billion2.95$185.60 million$3.3321.04

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

Profitability

This table compares Eversource Energy and ALLETE's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
Eversource Energy13.57%8.88%2.83%
ALLETE15.33%7.29%3.07%

Dividends

Eversource Energy pays an annual dividend of $2.41 per share and has a dividend yield of 2.8%. ALLETE pays an annual dividend of $2.52 per share and has a dividend yield of 3.6%. Eversource Energy pays out 69.9% of its earnings in the form of a dividend. ALLETE pays out 75.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Eversource Energy has increased its dividend for 1 consecutive years and ALLETE has increased its dividend for 1 consecutive years.

Summary

Eversource Energy beats ALLETE on 11 of the 16 factors compared between the two stocks.

PPL (NYSE:PPL) and ALLETE (NYSE:ALE) are both utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, profitability, institutional ownership, risk, dividends, valuation and earnings.

Profitability

This table compares PPL and ALLETE's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
PPL21.93%13.76%3.91%
ALLETE15.33%7.29%3.07%

Risk and Volatility

PPL has a beta of 0.72, meaning that its share price is 28% less volatile than the S&P 500. Comparatively, ALLETE has a beta of 0.43, meaning that its share price is 57% less volatile than the S&P 500.

Insider & Institutional Ownership

67.2% of PPL shares are held by institutional investors. Comparatively, 71.9% of ALLETE shares are held by institutional investors. 0.2% of PPL shares are held by company insiders. Comparatively, 0.3% of ALLETE shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Dividends

PPL pays an annual dividend of $1.66 per share and has a dividend yield of 5.7%. ALLETE pays an annual dividend of $2.52 per share and has a dividend yield of 3.6%. PPL pays out 67.8% of its earnings in the form of a dividend. ALLETE pays out 75.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. PPL has increased its dividend for 9 consecutive years and ALLETE has increased its dividend for 1 consecutive years. PPL is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for PPL and ALLETE, as reported by MarketBeat.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
PPL09402.31
ALLETE13102.00

PPL currently has a consensus price target of $32.9583, suggesting a potential upside of 13.49%. ALLETE has a consensus price target of $66.50, suggesting a potential downside of 5.08%. Given PPL's stronger consensus rating and higher probable upside, analysts plainly believe PPL is more favorable than ALLETE.

Valuation and Earnings

This table compares PPL and ALLETE's top-line revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
PPL$7.77 billion2.88$1.75 billion$2.4511.85
ALLETE$1.24 billion2.95$185.60 million$3.3321.04

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

Summary

PPL beats ALLETE on 12 of the 17 factors compared between the two stocks.

Edison International (NYSE:EIX) and ALLETE (NYSE:ALE) are both utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, profitability, institutional ownership, risk, dividends, valuation and earnings.

Insider & Institutional Ownership

87.6% of Edison International shares are held by institutional investors. Comparatively, 71.9% of ALLETE shares are held by institutional investors. 0.6% of Edison International shares are held by company insiders. Comparatively, 0.3% of ALLETE shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Edison International and ALLETE's top-line revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Edison International$12.35 billion1.79$1.41 billion$4.7012.41
ALLETE$1.24 billion2.95$185.60 million$3.3321.04

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

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Edison International and ALLETE, as reported by MarketBeat.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
Edison International03502.63
ALLETE13102.00

Edison International currently has a consensus price target of $68.1429, suggesting a potential upside of 16.84%. ALLETE has a consensus price target of $66.50, suggesting a potential downside of 5.08%. Given Edison International's stronger consensus rating and higher probable upside, analysts plainly believe Edison International is more favorable than ALLETE.

Profitability

This table compares Edison International and ALLETE's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
Edison International3.23%10.57%2.51%
ALLETE15.33%7.29%3.07%

Risk and Volatility

Edison International has a beta of 0.52, meaning that its share price is 48% less volatile than the S&P 500. Comparatively, ALLETE has a beta of 0.43, meaning that its share price is 57% less volatile than the S&P 500.

Dividends

Edison International pays an annual dividend of $2.65 per share and has a dividend yield of 4.5%. ALLETE pays an annual dividend of $2.52 per share and has a dividend yield of 3.6%. Edison International pays out 56.4% of its earnings in the form of a dividend. ALLETE pays out 75.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Edison International has increased its dividend for 1 consecutive years and ALLETE has increased its dividend for 1 consecutive years. Edison International is clearly the better dividend stock, given its higher yield and lower payout ratio.

Summary

Edison International beats ALLETE on 13 of the 16 factors compared between the two stocks.


ALLETE Competitors List

Competitor NameCompetitor BTM RankCompetitor PriceCompetitor Price ChangeCompetitor Market CapCompetitor RevenueCompetitor P/E RatioCompetitor Indicator(s)
NextEra Energy logo
NEE
NextEra Energy
1.6$72.63+1.5%$142.46 billion$19.20 billion36.59Insider Selling
Duke Energy logo
DUK
Duke Energy
1.8$103.00+2.6%$79.23 billion$25.08 billion37.73Earnings Announcement
Dividend Announcement
Analyst Report
Unusual Options Activity
The Southern logo
SO
The Southern
2.0$65.73+2.1%$69.65 billion$21.42 billion21.91Insider Selling
Eversource Energy logo
ES
Eversource Energy
2.0$84.71+2.4%$29.10 billion$8.53 billion24.00Earnings Announcement
Dividend Announcement
Analyst Report
PPL logo
PPL
PPL
2.1$29.04+1.5%$22.34 billion$7.77 billion14.38Analyst Report
Unusual Options Activity
Edison International logo
EIX
Edison International
2.0$58.32+2.6%$22.13 billion$12.35 billion58.91
Entergy logo
ETR
Entergy
2.4$106.06+2.1%$21.33 billion$10.88 billion15.39
FirstEnergy logo
FE
FirstEnergy
1.9$37.48+2.8%$20.39 billion$11.04 billion27.76
Pinnacle West Capital logo
PNW
Pinnacle West Capital
2.2$85.45+2.1%$9.63 billion$3.47 billion15.20Analyst Downgrade
OGE Energy logo
OGE
OGE Energy
1.7$33.84+2.7%$6.77 billion$2.23 billion-35.25
IDACORP logo
IDA
IDACORP
2.0$101.79+1.7%$5.14 billion$1.35 billion20.86
Hawaiian Electric Industries logo
HE
Hawaiian Electric Industries
1.4$44.50+1.5%$4.86 billion$2.87 billion22.70Earnings Announcement
High Trading Volume
Portland General Electric logo
POR
Portland General Electric
1.9$49.72+2.0%$4.46 billion$2.12 billion27.17
PNM Resources logo
PNM
PNM Resources
1.8$49.15+0.4%$4.22 billion$1.46 billion20.06
MGE Energy logo
MGEE
MGE Energy
1.8$74.98+3.6%$2.71 billion$568.85 million28.40Analyst Upgrade
News Coverage
Otter Tail logo
OTTR
Otter Tail
1.8$48.24+3.2%$2.00 billion$919.50 million20.10
Array Technologies logo
ARRY
Array Technologies
1.6$14.45+6.9%$1.84 billionN/A0.00Earnings Announcement
Analyst Upgrade
Unusual Options Activity
Gap Up
Unitil logo
UTL
Unitil
1.9$55.36+3.6%$832.78 million$438.20 million27.41Analyst Upgrade
This page was last updated on 5/14/2021 by MarketBeat.com Staff
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