NYSE:ALE - ALLETE Stock Price, Price Target & More

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$78.41 +1.21 (+1.57 %)
(As of 07/20/2018 01:08 AM ET)
Previous Close$77.20
Today's Range$77.17 - $78.75
52-Week Range$66.64 - $81.24
Volume136,100 shs
Average Volume342,238 shs
Market Capitalization$3.97 billion
P/E Ratio24.58
Dividend Yield2.89%
ALLETE logoALLETE, 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

Stock Exchange NYSE
Industry Electric & other services combined
Sub-IndustryElectric Utilities


Debt-to-Equity Ratio0.67
Current Ratio1.01
Quick Ratio0.65


Trailing P/E Ratio24.58
Forward P/E Ratio23.34
P/E Growth3.84

Sales & Book Value

Annual Sales$1.42 billion
Price / Sales2.83
Cash Flow$6.3696 per share
Price / Cash12.31
Book Value$40.52 per share
Price / Book1.94


EPS (Most Recent Fiscal Year)$3.19
Net Income$172.20 million
Net Margins12.34%
Return on Equity8.40%
Return on Assets3.44%


Outstanding Shares51,270,000
Market Cap$3,970.43

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 Wednesday, April 25th. Investors of record on Tuesday, May 15th will be paid a dividend of $0.56 per share on Friday, June 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, May 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) posted its quarterly earnings results on Wednesday, May, 2nd. The utilities provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The utilities provider earned $358.20 million during the quarter, compared to analyst estimates of $355 million. ALLETE had a net margin of 12.34% and a return on equity of 8.40%. The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. View ALLETE's Earnings History.

When is ALLETE's next earnings date?

ALLETE is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for ALLETE.

What price target have analysts set for ALE?

6 brokerages have issued 12-month price targets for ALLETE's stock. Their predictions range from $63.00 to $78.00. On average, they expect ALLETE's stock price to reach $70.4167 in the next year. This suggests that the stock has a possible downside of 10.2%. View Analyst Ratings 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."

Who are some of ALLETE's key competitors?

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)

Has ALLETE been receiving favorable news coverage?

Media coverage about ALE stock has been trending somewhat positive recently, according to Accern. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ALLETE earned a news sentiment score of 0.18 on Accern's scale. They also gave news stories about the utilities provider an impact score of 45.48 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are ALLETE's major shareholders?

ALLETE's stock is owned by many different of retail and institutional investors. Top institutional investors include Foundry Partners LLC (0.28%), Peregrine Capital Management LLC (0.16%), Municipal Employees Retirement System of Michigan (0.02%), Bank of Montreal Can (0.01%) and Fortaleza Asset Management Inc. (0.00%). Company insiders that own ALLETE stock include 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 Foundry Partners LLC, Peregrine Capital Management LLC, Municipal Employees Retirement System of Michigan and Fortaleza Asset Management Inc.. Company insiders that have sold ALLETE company stock in the last year include James J Hoolihan and Madeleine W Ludlow. 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 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 $78.41.

How big of a company is ALLETE?

ALLETE has a market capitalization of $3.97 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.

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:  184 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  436
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 7/20/2018 by MarketBeat.com Staff

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