ALLETE, Inc. is an energy company. The Company operates through three segments. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company (SWL&P), as well as its investment in American Transmission Company LLC (ATC), a regulated utility that owns and maintains electric transmission assets. Its regulated utility operations include retail and wholesale activities. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The ALLETE Clean Energy segment owns and operates in approximately four states with over 530 megawatt (MW) nameplate capacity wind energy generation. Its U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solutions. Its U.S. Water Services segment serves the food and beverage, industrial, power generation, and midstream oil and gas industries.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Diversified Utilities
- Sub-Industry: Electric Utilities
- Exchange: NYSE
- Symbol: ALE
- CUSIP: 01852230
- Previous Close: $66.59
- 50 Day Moving Average: $64.30
- 200 Day Moving Average: $61.72
- 52-Week Range: $51.29 - $67.11
- Trailing P/E Ratio: 21.35
- Foreward P/E Ratio: 18.32
- P/E Growth: 3.83
- Market Cap: $3.36B
- Outstanding Shares: 50,049,000
- Beta: 0.51
- Net Margins: 9.38%
- Return on Equity: 7.46%
- Return on Assets: 2.83%
Companies Related to Allete:
- Debt-to-Equity Ratio: 0.73%
- Current Ratio: 0.89%
- Quick Ratio: 0.63%
What is Allete's stock symbol?
Allete trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE."
How often does Allete pay dividends? What is the dividend yield for Allete?
Allete declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.535 per share on Wednesday, March 1st. This represents a $2.14 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, February 13th. This is a boost from Allete's previous quarterly dividend of $0.52.
Where is Allete's stock going? Where will Allete's stock price be in 2017?
5 brokers have issued 12 month price targets for Allete's stock. Their predictions range from $54.00 to $65.50. On average, they anticipate Allete's stock price to reach $60.83 in the next twelve months.
When will Allete announce their earnings?
Allete is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.
Who owns Allete stock?
Allete's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (2.53%), Franklin Resources Inc. (2.02%), Dimensional Fund Advisors LP (1.94%), Edge Asset Management Inc. (1.35%), Allianz Asset Management AG (1.25%) and RidgeWorth Capital Management LLC (0.91%). Company insiders that own Allete stock include David J Mcmillan, Deborah A Amberg, Madeleine W Ludlow and Steven Wayne Morris.
Who sold Allete stock? Who is selling Allete stock?
Allete's stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management AG, Renaissance Technologies LLC, Employees Retirement System of Texas, RidgeWorth Capital Management LLC, Royce & Associates LP, Lebenthal Asset Management LLC, State Board of Administration of Florida Retirement System and Century Capital Management LLC. Company insiders that have sold Allete stock in the last year include Deborah A Amberg and Steven Wayne Morris.
Who bought Allete stock? Who is buying Allete stock?
Allete's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Polaris Capital Management LLC, State Street Corp, Denver Investment Advisors LLC, Edge Asset Management Inc., Asset Management One Co. Ltd., Zurich Insurance Group Ltd FI and Guggenheim Capital LLC.
How do I buy Allete stock?
Shares of Allete can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Allete stock cost?
One share of Allete stock can currently be purchased for approximately $67.06.