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 Ratio24.08
Forward P/E Ratio22.96
P/E Growth3.83
Sales & Book Value
Annual Sales$1.42 billion
Price / Sales2.78
Cash Flow$6.2903 per share
Price / Cash12.23
Book Value$40.52 per share
Price / Book1.90
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$3.95 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 announced 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 annualized dividend and a yield of 2.93%. 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) posted 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 earned $344.10 million during 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 business's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. View ALLETE's Earnings History.
When is ALLETE's next earnings date?
How can I listen to ALLETE's earnings call?
ALLETE will be holding an earnings conference call on Thursday, November 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8773035852.
What guidance has ALLETE issued on next quarter's earnings?
ALLETE updated its FY18 earnings guidance on Thursday, August, 2nd. The company provided earnings per share (EPS) guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.41.
What price target have analysts set for ALE?
5 analysts have issued 12-month price objectives for ALLETE's stock. Their predictions range from $66.00 to $77.00. On average, they anticipate ALLETE's stock price to reach $71.70 in the next twelve months. This suggests that the stock has a possible downside of 6.3%. View Analyst Price Targets for ALLETE.
What is the consensus analysts' recommendation for ALLETE?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 1 sell rating and 4 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 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 (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)
Who are ALLETE's major shareholders?
ALLETE's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.17%), Peregrine Capital Management LLC (0.16%), Cornerstone Wealth Management LLC (0.12%), Aperio Group LLC (0.06%), Bank of Montreal Can (0.01%) and Strs Ohio (0.01%). Company insiders that own ALLETE stock include Alan R Hodnik, 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 Strs Ohio, Peregrine Capital Management LLC, Nisa Investment Advisors LLC and Aperio Group LLC. Company insiders that have sold ALLETE company stock in the last year include Alan R Hodnik and James J Hoolihan. View Insider Buying and Selling for ALLETE.
Which institutional investors are buying ALLETE stock?
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 $76.54.
How big of a company is ALLETE?
ALLETE has a market capitalization of $3.95 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.
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.
