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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Electric & other services combined
Sub-IndustryElectric Utilities
SectorUtilities
SymbolNYSE:ALE
CUSIP01852230
Phone218-279-5000
Debt
Debt-to-Equity Ratio0.69
Current Ratio1.21
Quick Ratio0.80
Price-To-Earnings
Trailing P/E Ratio24.65
Forward P/E Ratio23.54
P/E Growth3.85
Sales & Book Value
Annual Sales$1.42 billion
Price / Sales2.85
Cash Flow$6.4083 per share
Price / Cash12.27
Book Value$40.52 per share
Price / Book1.94
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 Shares51,360,000
Market Cap$3.97 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 declared a quarterly dividend on Friday, July 27th. Investors of record on Wednesday, August 15th will be given a dividend of $0.56 per share on Saturday, September 1st. This represents a $2.24 dividend on an annualized basis and a yield of 2.85%. 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) released its quarterly earnings data on Thursday, August, 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.11. The utilities provider had revenue of $344.10 million for 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 company's revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. View ALLETE's Earnings History.
When is ALLETE's next earnings date?
What guidance has ALLETE issued on next quarter's earnings?
ALLETE issued an update on its FY18 earnings guidance on Thursday, August, 2nd. The company provided earnings per share guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.41.
What price target have analysts set for ALE?
6 equities research analysts have issued 1-year target prices for ALLETE's shares. Their predictions range from $66.00 to $78.00. On average, they anticipate ALLETE's stock price to reach $71.75 in the next year. This suggests that the stock has a possible downside of 8.7%. 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.
Who are some of ALLETE's key competitors?
Some companies that are related to ALLETE include Ameren (AEE), 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 Ltd Class B (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)
Has ALLETE been receiving favorable news coverage?
Headlines about ALE stock have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ALLETE earned a media and rumor sentiment score of 0.00 on Accern's scale. They also gave news stories about the utilities provider an impact score of 46.59 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for ALLETE.
Who are ALLETE's major shareholders?
ALLETE's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.37%), Victory Capital Management Inc. (2.50%), Dimensional Fund Advisors LP (1.91%), Bank of New York Mellon Corp (1.56%), Renaissance Technologies LLC (1.49%) and Macquarie Group Ltd. (1.35%). Company insiders that own ALLETE stock include James J Hoolihan, Madeleine W Ludlow and Steven Q Devinck. 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 Polaris Capital Management LLC, Aristotle Capital Boston LLC, Russell Investments Group Ltd., Foundry Partners LLC, Bank of America Corp DE, Glenmede Trust Co. NA, Mutual of America Capital Management LLC and First Trust Advisors LP. View Insider Buying and Selling for ALLETE.
Which major investors are buying ALLETE stock?
ALE stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Sei Investments Co., Victory Capital Management Inc., Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Macquarie Group Ltd. and Legal & General Group Plc. 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 $78.63.
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)
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.
