BofA Securities downgraded Allete from Neutral to Underperform and set a new price target of $54.00 from $63.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2024 | $58.00 | Sell → Neutral | Guggenheim |
| 1/10/2024 | $64.00 | Buy → Neutral | Sidoti |
| 6/27/2023 | $63.00 → $54.00 | Neutral → Underperform | BofA Securities |
| 5/5/2023 | $66.00 → $63.00 | Buy → Neutral | BofA Securities |
| 4/6/2023 | $74.00 | Neutral → Buy | Sidoti |
| 1/23/2023 | $53.00 → $54.00 | Neutral → Sell | Guggenheim |
| 11/17/2022 | $65.00 | Underweight → Neutral | JP Morgan |
| 11/14/2022 | $53.00 → $66.00 | Neutral → Buy | BofA Securities |
4 - ALLETE INC (0000066756) (Issuer)
4 - ALLETE INC (0000066756) (Issuer)
4 - ALLETE INC (0000066756) (Issuer)
8-K - ALLETE INC (0000066756) (Filer)
11-K - ALLETE INC (0000066756) (Filer)
8-K - ALLETE INC (0000066756) (Filer)
ANNAPOLIS, Md., April 9, 2025 /PRNewswire/ -- New Energy Equity, a subsidiary of ALLETE, Inc. (NYSE:ALE), announced today that Josh Kunkel, current president of New Energy Equity, will be promoted to Chief Executive Officer as part of a planned transition effective June 1, 2025. Co-founder and current CEO, Matt Hankey will be taking on a new role at ALLETE as Emerging Technologies Officer, focusing on broad initiatives across the ALLETE family of companies, while remaining on the New Energy Equity Board of Directors. ALE), develops, finances, operates and manages solar power generation assets, providing clean electricity to
ANNAPOLIS, Md., March 6, 2025 /PRNewswire/ -- New Energy Equity, a national leader in developing and financing community and commercial solar projects, is pleased to announce a new partnership with the Harlem Consolidated School District to bring a 5.54 MWdc solar energy project to the district in Illinois. ALE), develops, finances, operates and manages solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. (PRNewsfoto/New Energy Equity)" alt="New Energy Equity, a wholly-owned subsidiary of ALLETE (NYSE:ALE), develops, finances, operat
WASHINGTON, April 25, 2024 /PRNewswire/ -- NT Solar, a national tax credit syndicator with a mission to provide affordable clean energy access through investments in renewables and battery projects with strong ESG attributes, is thrilled to announce a series of four strategic solar tax credit (ITC) investments across the country, establishing new partnerships, building upon successful ongoing relationships, and continuing the growth of our network of investment partners. These investments supported the development of 4 solar projects, including the largest solar installation t
The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 73 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.92 per share, unchanged from the previous quarter. The regular quarterly dividend is payable September 1 to common stock shareholders of record at the close of business August 15, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, ND; New Energy Equity, headquartered in Annapolis, MD; and has an 8% equity interest
ALLETE, Inc. (NYSE:ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year's first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. Net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share. "Our entire ALLETE team has been working diligently on many fronts to execute our Sustainability-in-Action strategy. Minnesota Power recently filed its latest Integrated Resource Plan, which outlines a path to achieve a portfolio that in
The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 73 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.92 per share, unchanged from the previous quarter. The regular quarterly dividend is payable June 1 to common stock shareholders of record at the close of business May 15, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, ND; New Energy Equity, headquartered in Annapolis, MD; and has an 8% equity interest in the Amer
The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 73 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.92 per share, unchanged from the previous quarter. The regular quarterly dividend is payable September 1 to common stock shareholders of record at the close of business August 15, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, ND; New Energy Equity, headquartered in Annapolis, MD; and has an 8% equity interest
Department Determines Acquisition of ALLETE is "Consistent with the Public Interest" and Recommends MPUC Approval ALLETE, Inc. (NYSE:ALE) (the "Company") announced that the Company and its transaction partners Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) have reached an agreement with the Minnesota Department of Commerce that will deliver immediate cost savings and substantial benefits to Minnesota Power customers and communities following the approval and completion of the proposed transaction. With this settlement agreement, the Minnesota Department of Commerce, which is charged with advocating for the public interest in utility matters
ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Thursday, August 07, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP View source version on businesswire.com: https://www.businesswire.com/news/home/20250710851187/en/ Inv
Guggenheim upgraded Allete from Sell to Neutral and set a new price target of $58.00
Sidoti downgraded Allete from Buy to Neutral and set a new price target of $64.00
BofA Securities downgraded Allete from Neutral to Underperform and set a new price target of $54.00 from $63.00 previously
SC 13G/A - ALLETE INC (0000066756) (Subject)
SC 13G/A - ALLETE INC (0000066756) (Subject)
SC 13G/A - ALLETE INC (0000066756) (Subject)