NYSE:ALE - ALLETE Stock Price, News & Analysis

$85.10
+0.69 (+0.82 %)
(As of 08/19/2019 02:28 AM ET)
Today's Range
$83.28
Now: $85.10
$85.30
50-Day Range
$82.58
MA: $85.72
$88.42
52-Week Range
$72.42
Now: $85.10
$88.58
Volume122,500 shs
Average Volume199,311 shs
Market Capitalization$4.40 billion
P/E Ratio23.57
Dividend Yield2.78%
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$7.3047 per share
Book Value$42.69 per share

Profitability

Net Income$174.10 million

Miscellaneous

Employees1,889
Market Cap$4.40 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 declared a quarterly dividend on Thursday, July 25th. Shareholders 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 2.76%. The ex-dividend date of this dividend is Wednesday, August 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) issued its earnings results 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 analyst estimates of $349 million. ALLETE had a return on equity of 9.14% and a net margin of 13.61%. The business'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 business posted $0.61 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, November 7th 2019. View Earnings Estimates for ALLETE.

What price target have analysts set for ALE?

3 brokerages have issued 1 year target prices for ALLETE's stock. Their predictions range from $76.00 to $79.30. On average, they expect ALLETE's stock price to reach $77.4333 in the next twelve months. This suggests that the stock has a possible downside of 9.0%. 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?

News articles about ALE stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ALLETE earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. 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 a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.98%), Vanguard Group Inc. (10.32%), Northern Trust Corp (2.14%), Renaissance Technologies LLC (2.12%), Victory Capital Management Inc. (2.09%) and Bank of New York Mellon Corp (1.51%). 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, Eagle Boston Investment Management Inc., Mesirow Financial Investment Management Equity Management, Russell Investments Group Ltd., Penn Capital Management Co. Inc., Renaissance Technologies LLC and Vanguard Group Inc.. Company insiders that have sold ALLETE company stock in the last year include Alan R Hodnik, James J Hoolihan, 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 bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, AQR Capital Management LLC, BlackRock Inc., Citadel Advisors LLC, Prudential Financial Inc., First Trust Advisors LP, Northern Trust Corp and SG Americas Securities LLC. 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 $85.10.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.40 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:  231 (Vote Outperform)
Underperform Votes:  330 (Vote Underperform)
Total Votes:  561
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 8/19/2019 by MarketBeat.com Staff

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