Sidoti upgraded Allete from Neutral to Buy and set a new price target of $74.00
Save time and jump to the most important pieces.
| 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)
3 - ALLETE INC (0000066756) (Issuer)
3 - ALLETE INC (0000066756) (Issuer)
Expects transaction to close in mid-2025 ALLETE, Inc. (NYSE:ALE) announced that the Federal Energy Regulatory Commission (FERC) approved the company's proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). "FERC's approval of ALLETE's proposed transaction with CPP Investments and GIP marks an important milestone and brings us one step closer to realizing the benefits of this transaction for our customers, our communities, our co-workers, and our shareholders," said ALLETE Chair, President, and CEO Bethany Owen. "We are pleased with this decision and look forward to the tremendous opportunity this transaction creates for
NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (NASDAQ:NWE) is joining new high voltage transmission projects to expand Montana's grid, meet the state's increasing energy demand, enhance energy security and create opportunities to serve regional energy needs that will benefit all of our customers. NorthWestern Energy joins North Plains Connector east-west transmission line NorthWestern Energy has signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United, to own 10% (300 megawatts) of North Plains Connector, a 3,000-megawatt, 420-mile high-voltage direct current (HVDC) transmission line to be constructed with endpoint
Bellevue, WA, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Puget Sound Energy (PSE) today announced that it has signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United, to participate in the development of North Plains Connector, a 420-mile, 3,000 megawatt high-voltage direct-current (HVDC) transmission line. Under the terms of the MOU, PSE would own 750 megawatts, the largest share of North Plains Connector among the participating utilities. Grid United will continue to fund the development of North Plains Connector. PSE would invest when project regulatory approvals and permits are in place. Once completed, the project will establish
ALLETE, Inc. (NYSE:ALE) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million. Last year's third quarter results were $1.49 per share on net income of $85.9 million. Net income for the same quarter in 2023 included approximately 71 cents per share for the favorable arbitration ruling involving a subsidiary of ALLETE Clean Energy. Net income for the third quarter this year included approximately 7 cents per share of transaction expenses related to the merger agreement entered into on May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners. "It has been a busy year thus far, and I couldn't be prouder of our entire AL
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSE:ALE), today announced the company has sold the Whitetail wind project in southwestern Wisconsin to Invenergy, with the intent that it be constructed and subsequently sold to WEC Energy Group utilities We Energies and Wisconsin Public Service Corp. (WPS) as well as Madison Gas and Electric Co. (MGE). ALLETE Clean Energy acquired the Whitetail wind project in 2021 and developed it for sale to help companies advance their carbon-reduction goals. The approximately 70-megawatt Whitetail project will consist of up to 21 turbines on about 5,938 acres in Clifton and Wingville townships in Grant County. It will produce enough ener
The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.82 per share, unchanged from the previous quarter. The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 15, 2024. 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
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
ANNAPOLIS, Md., Feb. 7, 2024 /PRNewswire/ -- New Energy Equity, national developer and financier of community and commercial solar projects, has welcomed Jackie Chambers to its leadership team as chief investment officer. Chambers will be responsible for shaping project finance strategy and the execution of monetizing and financing New Energy Equity's pipeline of projects. With 13 years in the solar industry, Chambers brings valuable perspective to New Energy Equity and significant experience in project finance, direct project origination and project acquisitions. At PNC Energ
The ALLETE Inc. (NYSE:ALE) board of directors has named President and Chief Executive Officer Bethany M. Owen chair of the ALLETE board of directors effective May 11, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210511006184/en/Bethany M. Owen ALLETE Chair, President & CEO (Photo: Business Wire) Owen has served as ALLETE's president since 2019 and chief executive officer since February 2020. Owen assumed the role of CEO as the worldwide pandemic was escalating, and has successfully navigated challenges related to COVID-19, maintaining a steadfast focus on the health and safety of employees, customers, and communities, whi
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
8-K - ALLETE INC (0000066756) (Filer)
10-Q - ALLETE INC (0000066756) (Filer)
SD - ALLETE INC (0000066756) (Filer)
SC 13G/A - ALLETE INC (0000066756) (Subject)
SC 13G/A - ALLETE INC (0000066756) (Subject)
SC 13G/A - ALLETE INC (0000066756) (Subject)