BofA Securities upgraded Allete from Neutral to Buy and set a new price target of $66.00 from $53.00 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 |
8-K - ALLETE INC (0000066756) (Filer)
8-K - ALLETE INC (0000066756) (Filer)
MDU Resources is the seventh utility to join the North Plains Connector utility consortium, a group of utility participants who intend to invest in the HVDC transmission line connecting the Eastern and Western Interconnections. North Plains Connector welcomes MDU Resources Group Inc. (NYSE:MDU) to its utility consortium. MDU Resources has signed a non-binding memorandum of understanding (MOU) with North Plains Connector LLC, a wholly owned entity of Grid United, for 150 megawatts of capacity on the 420-mile North Plains Connector high-voltage direct current (HVDC) transmission project. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
ALLETE, Inc. (NYSE:ALE) ALLETE today reported third quarter 2025 earnings of 46 cents per share on net income of $27.1 million. Last year's third quarter results were 78 cents per share on net income of $45.0 million. Net income in the third quarter of 2025 and year to date primarily reflects lower sales to industrial customers and inflationary pressures at Minnesota Power, lower sales of renewable projects at the clean energy businesses and transaction related expenses. ALLETE awaits a written order from the Minnesota Public Utilities Commission ("MPUC") in order to execute on the closing of the partnership with Canada Pension Plan Investment Board ("CPP Investments") and Global Infrastr
ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Friday, October 31, 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/20251028948617/en/ Inves
ALLETE, Inc. (NYSE:ALE) ALLETE today reported third quarter 2025 earnings of 46 cents per share on net income of $27.1 million. Last year's third quarter results were 78 cents per share on net income of $45.0 million. Net income in the third quarter of 2025 and year to date primarily reflects lower sales to industrial customers and inflationary pressures at Minnesota Power, lower sales of renewable projects at the clean energy businesses and transaction related expenses. ALLETE awaits a written order from the Minnesota Public Utilities Commission ("MPUC") in order to execute on the closing of the partnership with Canada Pension Plan Investment Board ("CPP Investments") and Global Infrastr
ALLETE, Inc. (NYSE:ALE) today reported second quarter 2025 earnings of 55 cents per share on net income of $31.9 million. Last year's second quarter results were 57 cents per share on net income of $33.0 million. Net income in the second quarter of 2025 includes transaction expenses of $3.4 million after-tax, or 6 cents per share, related to the announced merger. Net income in the second quarter of 2024 included transaction expenses of $14.5 million after-tax, or 25 cents per share. "Our entire ALLETE team continues to work diligently to execute our Sustainability-in-Action strategy. On July 11, 2025, we were pleased to announce a settlement agreement reached between the Minnesota Departm
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
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
4 - ALLETE INC (0000066756) (Issuer)
4 - ALLETE INC (0000066756) (Issuer)
4 - ALLETE INC (0000066756) (Issuer)
MDU Resources is the seventh utility to join the North Plains Connector utility consortium, a group of utility participants who intend to invest in the HVDC transmission line connecting the Eastern and Western Interconnections. North Plains Connector welcomes MDU Resources Group Inc. (NYSE:MDU) to its utility consortium. MDU Resources has signed a non-binding memorandum of understanding (MOU) with North Plains Connector LLC, a wholly owned entity of Grid United, for 150 megawatts of capacity on the 420-mile North Plains Connector high-voltage direct current (HVDC) transmission project. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
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
SC 13G/A - ALLETE INC (0000066756) (Subject)
SC 13G/A - ALLETE INC (0000066756) (Subject)
SC 13G/A - ALLETE INC (0000066756) (Subject)