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Allete ( (ALE) ) has provided an update.
ALLETE, Inc. held its 2025 annual meeting of shareholders on May 13, 2025, where several key decisions were made. All nominees for director were elected, and the advisory vote to approve executive compensation was passed. Additionally, the ALLETE Executive Long-Term Incentive Compensation Plan was approved, and an amendment to the company’s Articles of Incorporation related to Serial Preferred Stock A was ratified. Furthermore, PricewaterhouseCoopers LLP was confirmed as the company’s independent registered public accounting firm for 2025.
The most recent analyst rating on (ALE) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Allete stock, see the ALE Stock Forecast page.
Spark’s Take on ALE Stock
According to Spark, TipRanks’ AI Analyst, ALE is a Neutral.
Allete’s stock score reflects stable financial performance with healthy margins and a strong balance sheet, although revenue growth is a challenge. Technical indicators show positive momentum, supporting a stable stock price trend. While the stock is fairly valued with a solid dividend yield, growth prospects remain moderate.
To see Spark’s full report on ALE stock, click here.
More about Allete
Average Trading Volume: 351,942
Technical Sentiment Signal: Buy
Current Market Cap: $3.81B
Learn more about ALE stock on TipRanks’ Stock Analysis page.