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NYSE:ALE - ALLETE Stock Price, Forecast & News

$80.21
-1.15 (-1.41 %)
(As of 02/19/2020 04:00 PM ET)
Today's Range
$80.16
Now: $80.21
$81.57
50-Day Range
$79.53
MA: $82.25
$84.12
52-Week Range
$78.25
Now: $80.21
$88.60
Volume213,100 shs
Average Volume225,030 shs
Market Capitalization$4.15 billion
P/E Ratio22.34
Dividend Yield3.04%
Beta0.14
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$1.24 billion
Cash Flow$7.16 per share
Book Value$45.18 per share

Profitability

Net Income$185.60 million

Miscellaneous

Employees1,889
Market Cap$4.15 billion
Next Earnings Date5/7/2020 (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 Monday, February 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.6175 per share on Sunday, March 1st. This represents a $2.47 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from ALLETE's previous quarterly dividend of $0.59. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) released its quarterly earnings data on Thursday, February, 13th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The utilities provider earned $304.60 million during the quarter, compared to analyst estimates of $356.60 million. ALLETE had a net margin of 14.96% and a return on equity of 7.77%. ALLETE's quarterly revenue was down 32.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 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, May 7th 2020. View Earnings Estimates for ALLETE.

What guidance has ALLETE issued on next quarter's earnings?

ALLETE issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $3.40 to $3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.67.

What price target have analysts set for ALE?

2 analysts have issued twelve-month price targets for ALLETE's shares. Their forecasts range from $76.00 to $76.00. On average, they expect ALLETE's share price to reach $76.00 in the next twelve months. This suggests that the stock has a possible downside of 5.2%. 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 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for ALLETE.

Has ALLETE been receiving favorable news coverage?

Media stories about ALE stock have trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. 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 media sentiment score of -1.4 on InfoTrie's scale. They also gave 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 near term. View News Stories for ALLETE.

Are investors shorting ALLETE?

ALLETE saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 605,900 shares, an increase of 5.3% from the January 15th total of 575,400 shares. Based on an average daily trading volume, of 252,900 shares, the short-interest ratio is presently 2.4 days. Approximately 1.2% of the company's shares are short sold. View ALLETE's Current Options Chain.

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), United Parcel Service (UPS), AT&T (T), TC Pipelines (TCP), Verizon Communications (VZ), BlackRock (BLK), Starbucks (SBUX), AbbVie (ABBV) and Energy Transfer LP Unit (ET).

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 State Street Corp (3.57%), Victory Capital Management Inc. (2.43%), Victory Capital Management Inc. (2.42%), Goldman Sachs Group Inc. (2.13%), Principal Financial Group Inc. (2.09%) and Renaissance Technologies LLC (1.58%). 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 Goldman Sachs Group Inc., Rothschild & Co. Asset Management US Inc., Renaissance Technologies LLC, AQR Capital Management LLC, Russell Investments Group Ltd., Man Group plc, New York State Common Retirement Fund and Mesirow Financial Investment Management Equity Management. 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 major investors are buying ALLETE stock?

ALE stock was purchased by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., State Street Corp, First Trust Advisors LP, Prudential Financial Inc., Eagle Asset Management Inc., Barclays PLC, California Public Employees Retirement System and UBS Group AG. 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 $80.21.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.15 billion and generates $1.24 billion in revenue each year. The utilities provider earns $185.60 million in net income (profit) each year or $3.33 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:  268 (Vote Outperform)
Underperform Votes:  373 (Vote Underperform)
Total Votes:  641
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 2/19/2020 by MarketBeat.com Staff

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