NYSE:ALE - ALLETE Stock Price, News, & Analysis

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$82.31 +0.98 (+1.20 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$81.33
Today's Range$81.00 - $82.46
52-Week Range$67.07 - $82.82
Volume211,200 shs
Average Volume233,753 shs
Market Capitalization$4.24 billion
P/E Ratio22.80
Dividend Yield2.89%
Beta0.28
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.

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Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP01852230
Phone218-279-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.50 billion
Cash Flow$7.4354 per share
Book Value$41.84 per share

Profitability

Net Income$174.10 million

Miscellaneous

Employees2,017
Market Cap$4.24 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Friday, February 1st. Shareholders of record on Friday, February 15th will be given a dividend of $0.5875 per share on Friday, March 1st. This represents a $2.35 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, February 14th. This is a boost from ALLETE's previous quarterly dividend of $0.56. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) issued its quarterly earnings results on Thursday, February, 14th. The utilities provider reported $1.18 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.13 by $0.05. The utilities provider had revenue of $448.30 million for the quarter, compared to analyst estimates of $413 million. ALLETE had a net margin of 11.62% and a return on equity of 8.76%. The company's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. View ALLETE's Earnings History.

When is ALLETE's next earnings date?

ALLETE is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for ALLETE.

What price target have analysts set for ALE?

5 brokerages have issued 1-year price targets for ALLETE's stock. Their predictions range from $66.00 to $79.30. On average, they expect ALLETE's stock price to reach $73.86 in the next year. This suggests that the stock has a possible downside of 10.3%. View Analyst Price Targets for ALLETE.

What is the consensus analysts' recommendation for ALLETE?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ALLETE.

Has ALLETE been receiving favorable news coverage?

Media stories about ALE stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. ALLETE earned a coverage optimism score of 1.7 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of ALLETE's key competitors?

What other stocks do shareholders of ALLETE own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ALLETE investors own include Hawkins (HWKN), TC Pipelines (TCP), BlackRock (BLK), Williams Partners (WPZ), Starbucks (SBUX), AT&T (T), Medallion Financial (MFIN), Skyworks Solutions (SWKS), Accenture (ACN) and Verizon Communications (VZ).

Who are ALLETE's key executives?

ALLETE's management team includes the folowing people:
  • Mr. Alan R. Hodnik, Chairman, Pres & CEO (Age 59)
  • Ms. Bethany M. Owen, Pres (Age 53)
  • Mr. Robert J. Adams, Sr. VP & CFO (Age 56)
  • Mr. Bradley W. Oachs, Sr. VP & Pres of Regulated Operations (Age 61)
  • Mr. Steven Wayne Morris, VP, Controller & Chief Accounting Officer (Age 57)

Who are ALLETE's major shareholders?

ALLETE's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.90%), Victory Capital Management Inc. (2.48%), Principal Financial Group Inc. (2.35%), Northern Trust Corp (2.05%), Dimensional Fund Advisors LP (1.91%) and Bank of New York Mellon Corp (1.47%). 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 Northern Trust Corp, Principal Financial Group Inc., Millennium Management LLC, Deroy & Devereaux Private Investment Counsel Inc., Mesirow Financial Investment Management Equity Management, Bank of New York Mellon Corp, Barclays PLC and California Public Employees Retirement System. 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Retirement Systems of Alabama, Segall Bryant & Hamill LLC, Rhumbline Advisers, Canada Pension Plan Investment Board, Channing Capital Management LLC, Geode Capital Management LLC and Polaris Capital Management LLC. 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 $82.31.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.24 billion and generates $1.50 billion in revenue each year. The utilities provider earns $174.10 million in net income (profit) each year or $3.61 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:  2.0 out of 5 (star star)
Outperform Votes:  209 (Vote Outperform)
Underperform Votes:  302 (Vote Underperform)
Total Votes:  511
MarketBeat'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 2/23/2019 by MarketBeat.com Staff

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