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.
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Industry, Sector and Symbol
Industry Electric & other services combined
Sub-IndustryElectric Utilities
SectorUtilities
Phone218-279-5000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.50 billion
Profitability
Miscellaneous
Employees1,889
Next Earnings Date11/7/2019 (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 announced a quarterly dividend on Thursday, July 25th. Investors of record on Thursday, August 15th will be paid a dividend of $0.5875 per share on Sunday, September 1st. This represents a $2.35 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, August 14th. View ALLETE's Dividend History.
How were ALLETE's earnings last quarter?
ALLETE Inc (NYSE:ALE) released its quarterly earnings data on Thursday, August, 1st. The utilities provider reported $0.66 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.66. The utilities provider earned $290.40 million during the quarter, compared to the consensus estimate of $349 million. ALLETE had a net margin of 13.61% and a return on equity of 9.14%. The business's revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. View ALLETE's Earnings History.
When is ALLETE's next earnings date?
What price target have analysts set for ALE?
3 analysts have issued twelve-month price targets for ALLETE's stock. Their predictions range from $76.00 to $79.30. On average, they expect ALLETE's share price to reach $77.4333 in the next twelve months. This suggests that the stock has a possible downside of 10.5%. View Analyst Price Targets for ALLETE.
What is the consensus analysts' recommendation for ALLETE?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ALLETE.
Has ALLETE been receiving favorable news coverage?
Headlines about ALE stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing 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 news impact score of 0.9 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for ALLETE.
Who are some of ALLETE's key competitors?
Some companies that are related to ALLETE include CMS Energy (CMS), Alliant Energy (LNT), NiSource (NI), United Utilities Group (UUGRY), PG&E (PCG), NorthWestern (NWE), Avista (AVA), Innergex Renewable Energy (INGXF), Unitil (UTL), Spark Energy (SPKE), Genie Energy (GNE), EuroSite Power (EUSP) and Endesa (ELE).
What other stocks do shareholders of ALLETE own?
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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.98%), BlackRock Inc. (11.98%), Vanguard Group Inc. (10.32%), Northern Trust Corp (2.14%), Renaissance Technologies LLC (2.12%) and Victory Capital Management Inc. (2.09%). 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 major investors are selling ALLETE stock?
ALE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Mackenzie Financial Corp, Mackenzie Financial Corp, Eagle Boston Investment Management Inc., Mesirow Financial Investment Management Equity Management, Russell Investments Group Ltd., Penn Capital Management Co. Inc. and Renaissance Technologies LLC. 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 major investors are buying ALLETE stock?
ALE stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, AQR Capital Management LLC, BlackRock Inc., BlackRock Inc., Citadel Advisors LLC, Prudential Financial Inc., First Trust Advisors LP and Northern Trust Corp. 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 $86.52.
How big of a company is ALLETE?
ALLETE has a market capitalization of $4.47 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?
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)
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.
