ALE vs. PNW, OGE, IDA, POR, MGEE, OTTR, HE, ARRY, UTL, and NEE
Should you be buying ALLETE stock or one of its competitors? The main competitors of ALLETE include Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Portland General Electric (POR), MGE Energy (MGEE), Otter Tail (OTTR), Hawaiian Electric Industries (HE), Array Technologies (ARRY), Unitil (UTL), and NextEra Energy (NEE). These companies are all part of the "electric utilities" industry.
ALLETE vs.
Pinnacle West Capital (NYSE:PNW) and ALLETE (NYSE:ALE) are both mid-cap utilities companies, but which is the superior business? We will compare the two companies based on the strength of their valuation, community ranking, dividends, risk, media sentiment, institutional ownership, earnings, profitability and analyst recommendations.
In the previous week, Pinnacle West Capital had 7 more articles in the media than ALLETE. MarketBeat recorded 9 mentions for Pinnacle West Capital and 2 mentions for ALLETE. Pinnacle West Capital's average media sentiment score of 1.26 beat ALLETE's score of 0.67 indicating that Pinnacle West Capital is being referred to more favorably in the media.
Pinnacle West Capital presently has a consensus target price of $84.65, suggesting a potential downside of 2.42%. ALLETE has a consensus target price of $61.33, suggesting a potential downside of 6.65%. Given Pinnacle West Capital's higher probable upside, equities analysts plainly believe Pinnacle West Capital is more favorable than ALLETE.
91.5% of Pinnacle West Capital shares are held by institutional investors. Comparatively, 76.6% of ALLETE shares are held by institutional investors. 0.2% of Pinnacle West Capital shares are held by company insiders. Comparatively, 0.2% of ALLETE shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Pinnacle West Capital pays an annual dividend of $3.58 per share and has a dividend yield of 4.1%. ALLETE pays an annual dividend of $2.82 per share and has a dividend yield of 4.3%. Pinnacle West Capital pays out 67.8% of its earnings in the form of a dividend. ALLETE pays out 90.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Pinnacle West Capital has raised its dividend for 13 consecutive years and ALLETE has raised its dividend for 14 consecutive years. ALLETE is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Pinnacle West Capital has higher revenue and earnings than ALLETE. Pinnacle West Capital is trading at a lower price-to-earnings ratio than ALLETE, indicating that it is currently the more affordable of the two stocks.
Pinnacle West Capital received 102 more outperform votes than ALLETE when rated by MarketBeat users. However, 49.57% of users gave ALLETE an outperform vote while only 41.69% of users gave Pinnacle West Capital an outperform vote.
Pinnacle West Capital has a net margin of 12.26% compared to ALLETE's net margin of 11.49%. Pinnacle West Capital's return on equity of 9.60% beat ALLETE's return on equity.
Pinnacle West Capital has a beta of 0.56, indicating that its share price is 44% less volatile than the S&P 500. Comparatively, ALLETE has a beta of 0.8, indicating that its share price is 20% less volatile than the S&P 500.
Summary
Pinnacle West Capital beats ALLETE on 13 of the 22 factors compared between the two stocks.
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New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Media Sentiment Over Time
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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This page (NYSE:ALE) was last updated on 1/20/2025 by MarketBeat.com Staff
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