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NYSE:ALE

ALLETE Stock Forecast, Price & News

$55.95
+0.43 (+0.77 %)
(As of 10/23/2020 12:00 AM ET)
Add
Compare
Today's Range
$55.25
Now: $55.95▼
$56.04
50-Day Range
$50.36
MA: $52.90▼
$55.52
52-Week Range
$48.22
Now: $55.95▼
$87.82
Volume134,880 shs
Average Volume355,797 shs
Market Capitalization$2.90 billion
P/E Ratio17.32
Dividend Yield4.45%
Beta0.33
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. The company provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers, as well as 15 non-affiliated municipal customers; and 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. 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 660 megawatt of wind energy generation. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
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ALLETE logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.86 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Electric & other services combined
Sub-IndustryElectric Utilities
SectorUtilities
Current SymbolNYSE:ALE
Previous Symbol
CUSIP01852230
CIK66756
Webwww.allete.com
Phone218-279-5000
Employees1,339

Debt

Debt-to-Equity Ratio0.57
Current Ratio0.31
Quick Ratio0.19

Price-To-Earnings

Trailing P/E Ratio17.32
Forward P/E Ratio16.90
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.24 billion
Price / Sales2.34
Cash Flow$7.61 per share
Price / Cash Flow7.35
Book Value$45.20 per share
Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$3.33
Net Income$185.60 million
Net Margins14.58%
Return on Equity7.07%
Return on Assets2.99%

Miscellaneous

Outstanding Shares51,881,000
Market Cap$2.90 billion
Next Earnings Date11/9/2020 (Confirmed)
OptionableOptionable
$55.95
+0.43 (+0.77 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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ALLETE (NYSE:ALE) Frequently Asked Questions

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

ALLETE's stock was trading at $69.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ALE shares have decreased by 19.6% and is now trading at $55.95.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of ALLETE?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for ALLETE.

When is ALLETE's next earnings date?

ALLETE is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020.
View our earnings forecast for ALLETE.

How can I listen to ALLETE's earnings call?

ALLETE will be holding an earnings conference call on Monday, November 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were ALLETE's earnings last quarter?

ALLETE, Inc. (NYSE:ALE) released its quarterly earnings data on Wednesday, August, 5th. The utilities provider reported $0.39 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.65 by $0.26. The utilities provider earned $243.20 million during the quarter, compared to analyst estimates of $290.75 million. ALLETE had a return on equity of 7.07% and a net margin of 14.58%. The company's revenue was down 16.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 EPS.
View ALLETE's earnings history.

How often does ALLETE pay dividends? What is the dividend yield for ALLETE?

ALLETE declared a quarterly dividend on Friday, July 31st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.6175 per share on Tuesday, September 1st. This represents a $2.47 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Thursday, August 13th.
View ALLETE's dividend history.

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

ALLETE updated its FY20 earnings guidance on Wednesday, August, 5th. The company provided EPS guidance of $3.25-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.28.

What price target have analysts set for ALE?

5 analysts have issued 12 month price objectives for ALLETE's shares. Their forecasts range from $55.00 to $64.00. On average, they anticipate ALLETE's share price to reach $59.25 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
View analysts' price targets for ALLETE.

Are investors shorting ALLETE?

ALLETE saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 754,400 shares, an increase of 19.0% from the August 31st total of 633,700 shares. Based on an average trading volume of 336,200 shares, the short-interest ratio is presently 2.2 days.
View ALLETE's Short Interest.

Who are some of ALLETE's key competitors?

Some companies that are related to ALLETE include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), Edison International (EIX), PPL (PPL), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA) and PNM Resources (PNM).
View all 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 AbbVie (ABBV), AT&T (T), Hawkins (HWKN), Verizon Communications (VZ), Ameren (AEE), United Parcel Service (UPS), BlackRock (BLK), Cisco Systems (CSCO), Home Depot (HD) and International Business Machines (IBM).

Who are ALLETE's key executives?

ALLETE's management team includes the following people:
  • Mr. Alan R. Hodnik, Exec. Chairman (Age 60, Pay $1.5M)
  • Ms. Bethany M. Owen, CEO, Pres & Director (Age 54, Pay $601.27k)
  • Mr. Robert J. Adams, Sr. VP & CFO (Age 57, Pay $775.38k)
  • Mr. Steven Wayne Morris, VP, Controller & Chief Accounting Officer (Age 58, Pay $458.2k)
  • Ms. Nicole Renee Johnson, VP & Chief Admin. Officer (Age 45, Pay $417.94k)
  • Mr. Vincent J. Meyer, VP of Investor Relations
  • Ms. Margaret A. Thickens, VP, Chief Legal Officer & Corp. Sec. (Age 53)
  • Mr. Wade W. Boeshans, Pres & GM of BNI Energy
  • Mr. Al Rudeck, Pres of Allete Clean Energy, Inc.
  • Mr. Patrick L. Cutshall C.F.A., CPA, CPA, CFA, VP & Corp. Treasurer (Age 55)

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 variety of institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (0.48%), Nisa Investment Advisors LLC (0.18%), Envestnet Asset Management Inc. (0.06%), Redpoint Investment Management Pty Ltd (0.05%), Deroy & Devereaux Private Investment Counsel Inc. (0.04%) and Pacer Advisors Inc. (0.02%). Company insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams.
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 Nisa Investment Advisors LLC, Foundry Partners LLC, and State of Alaska Department of Revenue. Company insiders that have sold ALLETE company stock in the last year include Alan R Hodnik, Madeleine W Ludlow, and Robert John Adams.
View insider buying and selling activity for ALLETE.

Which institutional investors are buying ALLETE stock?

ALE stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Envestnet Asset Management Inc., Royal Fund Management LLC, Great Valley Advisor Group Inc., Redpoint Investment Management Pty Ltd, and Deroy & Devereaux Private Investment Counsel Inc..
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 $55.95.

How big of a company is ALLETE?

ALLETE has a market capitalization of $2.90 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.

What is ALLETE's official website?

The official website for ALLETE is 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.

This page was last updated on 10/23/2020 by MarketBeat.com Staff
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