Should you buy Allete (Ale) Stock?

According to 8 analysts, the average rating for ALE stock is "Hold." The 12-month stock price forecast is $60.25, which is an increase of 4.91% from the latest price. DULUTH, Minn.-- (BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.

What are analysts' ale share price targets?

Their ALE share price targets range from $41.00 to $74.00. On average, they expect the company's stock price to reach $59.50 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View analysts price targets for ALE or view top-rated stocks among Wall Street analysts.

Is Ale a good dividend payer?

ALE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.88%.

How far is Allete stock from the 52-week high?

The high in the last 52 weeks of Allete stock was 67.42. According to the current price, Allete is 81.73% away from the 52-week high. What are analysts forecasts for Allete stock? The 17 analysts offering price forecasts for Allete have a median target of 60.65, with a high estimate of 74.00 and a low estimate of 49.00.