NYSE:ALE - ALLETE Stock Price, News, & Analysis

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$79.98 +1.47 (+1.87 %)
(As of 11/18/2018 04:00 PM ET)
Previous Close$79.98
Today's Range$78.77 - $80.09
52-Week Range$66.64 - $81.24
Volume301,179 shs
Average Volume249,925 shs
Market Capitalization$4.11 billion
P/E Ratio25.07
Dividend Yield2.80%
Beta0.17
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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Electric & other services combined
Sub-IndustryElectric Utilities
SectorUtilities
Current SymbolNYSE:ALE
Previous Symbol
CUSIP01852230
Phone218-279-5000

Debt

Debt-to-Equity Ratio0.69
Current Ratio1.09
Quick Ratio0.71

Price-To-Earnings

Trailing P/E Ratio25.07
Forward P/E Ratio23.66
P/E Growth3.94

Sales & Book Value

Annual Sales$1.42 billion
Price / Sales2.90
Cash Flow$6.2927 per share
Price / Cash12.71
Book Value$41.15 per share
Price / Book1.94

Profitability

EPS (Most Recent Fiscal Year)$3.19
Net Income$172.20 million
Net Margins11.12%
Return on Equity7.46%
Return on Assets3.06%

Miscellaneous

Employees2,017
Outstanding Shares51,420,000
Market Cap$4.11 billion
OptionableOptionable

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, October 25th. Investors of record on Thursday, November 15th will be given a dividend of $0.56 per share on Saturday, December 1st. This represents a $2.24 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, November 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) announced its quarterly earnings data on Thursday, November, 1st. The utilities provider reported $0.67 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.75 by $0.08. The utilities provider earned $348 million during the quarter, compared to the consensus estimate of $366 million. ALLETE had a return on equity of 7.46% and a net margin of 11.12%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 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, February 21st 2019. View Earnings Estimates for ALLETE.

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

ALLETE updated its FY18 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.40.

What price target have analysts set for ALE?

5 brokers have issued 12 month price targets for ALLETE's shares. Their forecasts range from $66.00 to $77.00. On average, they anticipate ALLETE's share price to reach $71.70 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. 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.

Has ALLETE been receiving favorable news coverage?

News stories about ALE stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ALLETE earned a news sentiment score of 1.2 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the company's share price in the next several days.

Who are some of ALLETE's key competitors?

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 a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.60%), Victory Capital Management Inc. (2.51%), Renaissance Technologies LLC (1.92%), Dimensional Fund Advisors LP (1.91%), Bank of New York Mellon Corp (1.55%) and Macquarie Group Ltd. (1.25%). 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 Panagora Asset Management Inc., Prudential Financial Inc., Macquarie Group Ltd., Monarch Partners Asset Management LLC, Neuberger Berman Group LLC, Channing Capital Management LLC, Acadian Asset Management LLC and Loomis Sayles & Co. L P. 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?

ALE stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Symons Capital Management Inc., Assenagon Asset Management S.A., AQR Capital Management LLC, Cornerstone Wealth Management LLC, Polaris Capital Management LLC and Man 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 $79.98.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.11 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?

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:  201 (Vote Outperform)
Underperform Votes:  290 (Vote Underperform)
Total Votes:  491
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 11/18/2018 by MarketBeat.com Staff

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