NYSE:ALE - ALLETE Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $75.98 -0.28 (-0.37 %) (As of 10/19/2018 06:53 AM ET)Previous Close$76.26Today's Range$75.37 - $76.7052-Week Range$66.64 - $81.24Volume178,400 shsAverage Volume239,162 shsMarket Capitalization$3.92 billionP/E Ratio23.39Dividend Yield2.94%Beta0.18 Company ProfileDiscussionAnalyst RatingsChartDividend HistoryEarnings HistoryFinancialsInsider TradesHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. It generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric, wind, solar, and other sources. The company provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 16 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 535 megawatt of wind energy generation. Further, it offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, the company is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 167 substations with a total capacity of 8,540 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, pipeline, and other industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota. Receive ALE News and Ratings via Email Sign-up to receive the latest news and ratings for ALE and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NYSE Industry Electric & other services combined Sub-IndustryElectric Utilities SectorUtilities SymbolNYSE:ALE CUSIP01852230 Webwww.allete.com Phone218-279-5000 Debt Debt-to-Equity Ratio0.69 Current Ratio1.21 Quick Ratio0.80 Price-To-Earnings Trailing P/E Ratio23.39 Forward P/E Ratio22.68 P/E Growth3.79 Sales & Book Value Annual Sales$1.42 billion Price / Sales2.75 Cash Flow$6.2690 per share Price / Cash12.12 Book Value$40.52 per share Price / Book1.88 Profitability EPS (Most Recent Fiscal Year)$3.19 Net Income$172.20 million Net Margins12.02% Return on Equity8.04% Return on Assets3.30% Miscellaneous Employees2,017 Outstanding Shares51,360,000Market Cap$3.92 billion ALLETE (NYSE:ALE) Frequently Asked Questions 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 announced a quarterly dividend on Friday, July 27th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.56 per share on Saturday, September 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, August 14th. View ALLETE's Dividend History. How were ALLETE's earnings last quarter? ALLETE Inc (NYSE:ALE) announced its quarterly earnings results on Thursday, August, 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.11. The utilities provider earned $344.10 million during the quarter, compared to analyst estimates of $343 million. ALLETE had a return on equity of 8.04% and a net margin of 12.02%. The firm's revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. View ALLETE's Earnings History. When is ALLETE's next earnings date? ALLETE is scheduled to release their next quarterly earnings announcement on Thursday, November 1st 2018. View Earnings Estimates for ALLETE. How can I listen to ALLETE's earnings call? ALLETE will be holding an earnings conference call on Thursday, November 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8773035852. What guidance has ALLETE issued on next quarter's earnings? ALLETE updated its FY18 earnings guidance on Thursday, August, 2nd. The company provided EPS guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.41. What price target have analysts set for ALE? 6 brokerages have issued 12-month price objectives for ALLETE's stock. Their predictions range from $66.00 to $78.00. On average, they anticipate ALLETE's stock price to reach $72.75 in the next year. This suggests that the stock has a possible downside of 4.3%. View Analyst Price Targets for ALLETE. What is the consensus analysts' recommendation for ALLETE? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 1 sell rating and 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ALLETE. Are investors shorting ALLETE? ALLETE saw a drop in short interest in August. As of August 31st, there was short interest totalling 512,526 shares, a drop of 33.5% from the August 15th total of 770,815 shares. Based on an average daily volume of 269,265 shares, the short-interest ratio is currently 1.9 days. Approximately 1.0% of the company's stock are short sold. View ALLETE's Current Options Chain. Who are some of ALLETE's key competitors? Some companies that are related to ALLETE include CMS Energy (CMS), Alliant Energy (LNT), NiSource (NI), Westar Energy (WR), United Utilities Group (UUGRY), SCANA (SCG), Avista (AVA), NorthWestern (NWE), Unitil (UTL), Spark Energy (SPKE), Genie Energy (GNE) and EuroSite Power (EUSP). Who are ALLETE's key executives? ALLETE's management team includes the folowing people: Mr. Alan R. Hodnik, Chairman, Pres & CEO (Age 58)Mr. Robert J. Adams, Sr. VP & CFO (Age 55)Ms. Bethany M. Owen, Sr. VP, Chief Legal & Admin. Officer and Corp. Sec. (Age 52)Ms. Deborah A. Amberg, Sr. VP, Chief Strategy Officer of Regulated Ops and Pres of Superior Water, Light & Power (Age 52)Mr. Bradley W. Oachs, Sr. VP & Pres of Regulated Operations (Age 60) Who are ALLETE's major shareholders? ALLETE's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.17%), Peregrine Capital Management LLC (0.16%), Aperio Group LLC (0.06%), Bank of Montreal Can (0.01%) and BB&T Corp (0.01%). Company insiders that own ALLETE stock include Alan R Hodnik, James J Hoolihan, Madeleine W Ludlow and Steven Q Devinck. View Institutional Ownership Trends for ALLETE. Which institutional investors are selling ALLETE stock? ALE stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Nisa Investment Advisors LLC and Aperio Group LLC. Company insiders that have sold ALLETE company stock in the last year include Alan R Hodnik and James J Hoolihan. View Insider Buying and Selling for ALLETE. Which institutional investors are buying ALLETE stock? ALE stock was acquired by a variety of institutional investors in the last quarter, including BB&T Corp and Bank of Montreal Can. View Insider Buying and Selling for ALLETE. How do I buy shares of ALLETE? Shares of ALE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab. What is ALLETE's stock price today? One share of ALE stock can currently be purchased for approximately $75.98. How big of a company is ALLETE? ALLETE has a market capitalization of $3.92 billion and generates $1.42 billion in revenue each year. The utilities provider earns $172.20 million in net income (profit) each year or $3.19 on an earnings per share basis. ALLETE employs 2,017 workers across the globe. What is ALLETE's official website? The official website for ALLETE is http://www.allete.com. How can I contact ALLETE? ALLETE's mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. The utilities provider can be reached via phone at 218-279-5000. MarketBeat Community Rating for ALLETE (NYSE ALE)Community Ranking: 2.1 out of 5 ( )Outperform Votes: 199 (Vote Outperform)Underperform Votes: 286 (Vote Underperform)Total Votes: 485MarketBeat's community ratings are surveys of what our community members think about ALLETE and other stocks. Vote "Outperform" if you believe ALE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ALE will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 10/19/2018 by MarketBeat.com StaffFeatured Article: What are trading strategies for the 52-week high/low?