We rank companies based on fund manager, research analyst and news sentiment
ALE stock icon

Allete
ALE

$59.71
2.09%
 

About: ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.

Employees: 1,560

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 3 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

22% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 41

15% more capital invested

Capital invested by funds: $2.33B [Q3] → $2.69B (+$357M) [Q4]

3% more funds holding

Funds holding: 303 [Q3] → 312 (+9) [Q4]

0.21% less ownership

Funds ownership: 76.68% [Q3] → 76.47% (-0.21%) [Q4]

11% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 115

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$58
3%
downside
Avg. target
$60
1%
upside
High target
$64
7%
upside

3 analyst ratings

positive
0%
neutral
100%
negative
0%
Wells Fargo
Sarah Akers
1%downside
$59
Equal-Weight
Maintained
21 Feb 2024
Guggenheim
Shahriar Pourreza
3%downside
$58
Neutral
Upgraded
22 Jan 2024
Sidoti & Co.
Brian Russo
7%upside
$64
Neutral
Downgraded
10 Jan 2024

Financial journalist opinion

Based on 3 articles about ALE published over the past 30 days