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ALLETE Stock Price, Forecast & Analysis (NYSE:ALE)

$80.66
-0.24 (-0.30 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$80.01
Now: $80.66
$80.89
50-Day Range
$79.65
MA: $85.66
$87.87
52-Week Range
$72.42
Now: $80.66
$88.60
Volume187,674 shs
Average Volume216,355 shs
Market Capitalization$4.17 billion
P/E Ratio22.34
Dividend Yield2.90%
Beta0.14
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, wind, hydroelectric, natural gas-fired, biomass co-fired, solar, and other sources. The company provides regulated utility 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. Read More…

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$7.33 per share
Book Value$42.73 per share

Profitability

Net Income$174.10 million

Miscellaneous

Employees1,889
Market Cap$4.17 billion
Next Earnings Date2/13/2020 (Estimated)
OptionableOptionable

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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 Thursday, October 24th. Shareholders of record on Friday, November 15th will be given a dividend of $0.587 per share on Sunday, December 1st. This represents a $2.35 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) issued its earnings results on Wednesday, November, 6th. The utilities provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by $0.03. The utilities provider earned $288.30 million during the quarter, compared to the consensus estimate of $305.75 million. ALLETE had a return on equity of 8.54% and a net margin of 14.23%. The firm's revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 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, February 13th 2020. View Earnings Estimates for ALLETE.

What guidance has ALLETE issued on next quarter's earnings?

ALLETE updated its FY19 earnings guidance on Wednesday, November, 6th. The company provided earnings per share (EPS) guidance of $3.50-3.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.58.

What price target have analysts set for ALE?

2 Wall Street analysts have issued 1 year price targets for ALLETE's stock. Their forecasts range from $76.00 to $79.30. On average, they expect ALLETE's stock price to reach $77.65 in the next year. This suggests that the stock has a possible downside of 3.7%. View Analyst Price Targets for ALLETE.

What is the consensus analysts' recommendation for ALLETE?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ALLETE.

Has ALLETE been receiving favorable news coverage?

Press coverage about ALE stock has been trending neutral this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ALLETE earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for ALLETE.

Are investors shorting ALLETE?

ALLETE saw a decrease in short interest in October. As of October 15th, there was short interest totalling 566,400 shares, a decrease of 10.8% from the September 15th total of 635,100 shares. Based on an average trading volume of 206,500 shares, the short-interest ratio is currently 2.7 days. Currently, 1.1% of the company's stock are short sold. View ALLETE's Current Options Chain.

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), Ameren (AEE), TC Pipelines (TCP), United Parcel Service (UPS), BlackRock (BLK), Starbucks (SBUX), AT&T (T), Williams Partners (WPZ), Activision Blizzard (ATVI) and CA (CA).

Who are ALLETE's key executives?

ALLETE's management team includes the folowing people:
  • Mr. Alan R. Hodnik, Chairman & CEO (Age 59)
  • Ms. Bethany M. Owen, Pres & Director (Age 53)
  • Mr. Robert J. Adams, Sr. VP & CFO (Age 56)
  • Mr. Bradley W. Oachs, Sr. VP & Pres of Regulated Operations (Age 61)
  • Mr. Patrick K. Mullen, Sr. VP of External Affairs (Age 58)

Who are ALLETE's major shareholders?

ALLETE's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (0.99%), Foundry Partners LLC (0.40%), Retirement Systems of Alabama (0.38%), Rhumbline Advisers (0.38%), Russell Investments Group Ltd. (0.36%) and Monarch Partners Asset Management LLC (0.23%). Company insiders that own ALLETE stock include Alan R Hodnik, James J Hoolihan, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. 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 Russell Investments Group Ltd., SG Americas Securities LLC, Congress Asset Management Co. MA, Keybank National Association OH, Pacer Advisors Inc., Cetera Advisor Networks LLC, HGK Asset Management Inc. and Louisiana State Employees Retirement System. Company insiders that have sold ALLETE company stock in the last year include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. View Insider Buying and Selling for ALLETE.

Which institutional investors are buying ALLETE stock?

ALE stock was bought by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, First Trust Advisors LP, Retirement Systems of Alabama, Mackay Shields LLC, Foundry Partners LLC, California Public Employees Retirement System, State of Tennessee Treasury Department and State of Alaska Department of Revenue. 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, Robinhood, Fidelity and Charles Schwab.

What is ALLETE's stock price today?

One share of ALE stock can currently be purchased for approximately $80.66.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.17 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 1,889 workers across the globe.View Additional Information About ALLETE.

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 (star star)
Outperform Votes:  249 (Vote Outperform)
Underperform Votes:  355 (Vote Underperform)
Total Votes:  604
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 11/15/2019 by MarketBeat.com Staff

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