Forecast

The analysts' average price target is +49,77€ (−13,44%). The median is +49,77€ (−13,44%).

Buy	3
Hold	12
Sell	1

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Acquisition of ALLETE by CPP Investments and GIP expected to close on December 15

ALLETE is expected to be acquired on December 15 by CPP Investments and Global Infrastructure Partners after all federal and state approvals and shareholder consent are obtained. The transaction will deliver about USD 200 million in benefits to Minnesota Power customers and the regional economy in the form of bill credits, assistance with overdue bills and economic development. ALLETE expects the buyout to lead to increased investment in regional transmission networks and clean energy technologies to support its goal of carbon-free power by 2040; the common stock will be delisted from the NYSE after closing. The company most recently reported a weaker third quarter, with earnings and revenue below analysts’ expectations. » More on de.investing.com
Allete reaches 52‑week high at $67.71

Allete closed at $67.71, marking a new 52‑week high; the yield is 4.33% and the company has paid dividends for 55 years. Over the past year Allete posted a total return of 7.73% and a year‑to‑date gain of 7.67%, with the share price slightly above the fair‑value estimate. Third quarter 2025 missed expectations: earnings per share $0.46 versus $0.80 expected, and revenue $375 million versus $434.9 million consensus. The shortfall was driven by declining industrial customer revenues and inflationary pressure at Minnesota Power; net income fell to $27.1 million from $45.0 million a year earlier. » More on de.investing.com
Allete hits 52-week high of $67.54 despite weaker quarterly results

Allete's stock rose to a 52-week high of $67.54; the shares returned 7.93% over the past twelve months and offer a dividend yield of 4.34% after 55 consecutive years of dividend payments. At the same time, the company reported third-quarter earnings of $0.46 per share on revenue of $375 million, missing analyst estimates by a wide margin (expectation: $0.80 / $434.9 million). The weakness was attributed to lower industrial customer sales, particularly in the Takonit area, and to inflationary pressure at Minnesota Power; InvestingPro sees the stock as slightly overvalued at the current level. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2025, Allete has already paid 2,79€ in dividends. The last payout was in December 2025.

Financials

In the last quarter, Allete had revenue of 319,55 Mio€ and net profit of 23,09 Mio€

(EUR)	Sep 2025	YoY
Revenue	+319,55 Mio	-
Gross profit	+39,37 Mio	-
Net profit	+23,09 Mio	-
EBITDA	+97,65 Mio	-

Fundamentals

Metric	Value
Market capitalization	+3,38 Mrd€
Number of shares	58,08 Mio
52-week high/low	+58,34€ - +53,53€
Dividend yield	+2,53%
Dividends TTM	+1,45€
Beta	0,82
P/E ratio	+34,14
PEG ratio	−3,96
P/B ratio	+1,38
P/S ratio	+3,47

Company profile

ALLETE, Inc. ist als Energieunternehmen tätig. Das Unternehmen betreibt durch regulierte Operationen, ALLETE Clean Energy, und Corporate und andere Segmente. ALLETE Clean Energy erzeugt Strom aus Kohle, Biomasse, Erdgas, Wasserkraft, Wind und Sonnenenergie. Das Unternehmen bietet regulierte Stromversorgungsdienste im Nordwesten von Wisconsin für etwa 15.000 Stromkunden, 13.000 Erdgaskunden und 10.000 Wasserkunden sowie regulierte Stromversorgungsdienste im Nordosten von Minnesota für etwa 145.000 Einzelhandelskunden und 15 nicht angeschlossene kommunale Kunden. Das Unternehmen besitzt und unterhält außerdem Stromübertragungsanlagen in Wisconsin, Michigan, Minnesota und Illinois. Darüber hinaus konzentriert sich das Unternehmen auf die Entwicklung, den Erwerb und den Betrieb von Projekten für saubere und erneuerbare Energien und besitzt und betreibt etwa 1.000 Megawatt an Windenergieanlagen. Darüber hinaus ist das Unternehmen am Kohlebergbau in North Dakota und an Immobilieninvestitionen in Florida beteiligt. Das Unternehmen besitzt und betreibt 158 Umspannwerke mit einer Gesamtkapazität von 10.066 Megavoltampere. Es beliefert den Taconit-Bergbau, Papier, Zellstoff und sekundäre Holzprodukte, Pipelines und andere Industrien. Das Unternehmen war früher als Minnesota Power, Inc. bekannt und änderte im Mai 2001 seinen Namen in ALLETE, Inc. um. ALLETE, Inc. wurde 1906 gegründet und hat seinen Hauptsitz in Duluth, Minnesota.