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NYSE:ALE - ALLETE Stock Price, Forecast & News

$61.93
-0.39 (-0.63 %)
(As of 03/29/2020 05:58 AM ET)
Today's Range
$60.07
Now: $61.93
$64.99
50-Day Range
$52.24
MA: $72.42
$82.79
52-Week Range
$50.01
Now: $61.93
$88.60
Volume500,957 shs
Average Volume508,340 shs
Market Capitalization$3.20 billion
P/E Ratio17.25
Dividend Yield3.96%
Beta0.37
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. 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 545 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 159 substations with a total capacity of 8,531 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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ALLETE logo

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$7.19 per share
Book Value$45.20 per share

Profitability

Net Income$185.60 million

Miscellaneous

Employees1,339
Market Cap$3.20 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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ALLETE (NYSE:ALE) Frequently Asked Questions

How has ALLETE's stock been impacted by COVID-19 (Coronavirus)?

ALLETE's stock was trading at $69.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ALE shares have decreased by 11.0% and is now trading at $61.93. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is ALLETE's next earnings date?

ALLETE is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for ALLETE.

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 the consensus estimate of $356.60 million. ALLETE had a return on equity of 7.77% and a net margin of 14.96%. The company's quarterly revenue was down 32.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. View ALLETE's earnings history.

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 paid a dividend of $0.6175 per share on Sunday, March 1st. This represents a $2.47 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, February 13th. This is an increase from ALLETE's previous quarterly dividend of $0.59. View ALLETE's dividend history.

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

ALLETE updated its FY20 earnings guidance on Thursday, February, 13th. The company provided 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 equities research analysts have issued twelve-month target prices for ALLETE's shares. Their forecasts range from $74.00 to $74.00. On average, they anticipate ALLETE's share price to reach $74.00 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price. View analysts' price targets for ALLETE.

Has ALLETE been receiving favorable news coverage?

Headlines about ALE stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. ALLETE earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutALLETE.

Are investors shorting ALLETE?

ALLETE saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,080,300 shares, an increase of 49.6% from the February 27th total of 721,900 shares. Based on an average daily trading volume, of 281,300 shares, the short-interest ratio is currently 3.8 days. Currently, 2.1% of the shares of the stock are sold short. 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), AT&T (T), United Parcel Service (UPS), 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 following 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)

What is ALLETE's stock symbol?

ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE."

Who are ALLETE's major shareholders?

ALLETE's stock is owned by a number of retail and institutional 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 activity for ALLETE.

Which major investors are buying ALLETE stock?

ALE stock was acquired 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, Macquarie Group Ltd., and Macquarie Group Ltd.. View insider buying and selling activity 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 $61.93.

How big of a company is ALLETE?

ALLETE has a market capitalization of $3.20 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 1,339 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:  276 (Vote Outperform)
Underperform Votes:  382 (Vote Underperform)
Total Votes:  658
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 3/29/2020 by MarketBeat.com Staff

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