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

$87.29
+0.15 (+0.17 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$86.64
Now: $87.29
$87.86
50-Day Range
$83.61
MA: $85.63
$87.62
52-Week Range
$72.42
Now: $87.29
$88.58
Volume515,075 shs
Average Volume210,582 shs
Market Capitalization$4.51 billion
P/E Ratio24.18
Dividend Yield2.70%
Beta0.22
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$7.3046 per share
Book Value$41.92 per share

Profitability

Net Income$174.10 million

Miscellaneous

Employees1,889
Market Cap$4.51 billion
Next Earnings Date11/7/2019 (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 announced a quarterly dividend on Thursday, July 25th. Investors of record on Thursday, August 15th will be given a dividend of $0.5875 per share on Sunday, September 1st. This represents a $2.35 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, August 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) posted its quarterly earnings data on Thursday, August, 1st. The utilities provider reported $0.66 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.66. The utilities provider earned $290.40 million during the quarter, compared to analyst estimates of $349 million. ALLETE had a net margin of 13.61% and a return on equity of 9.14%. ALLETE's revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 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, November 7th 2019. View Earnings Estimates for ALLETE.

What price target have analysts set for ALE?

2 equities research analysts have issued 12 month price targets for ALLETE's stock. Their predictions range from $76.00 to $79.30. On average, they anticipate ALLETE's stock price to reach $77.65 in the next year. This suggests that the stock has a possible downside of 11.0%. 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?

News articles about ALE stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ALLETE earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for ALLETE.

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 many different of institutional and retail 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 institutional 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 institutional 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 $87.29.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.51 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:  2.0 out of 5 (star star)
Outperform Votes:  233 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  573
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 9/21/2019 by MarketBeat.com Staff

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