S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
S&P 500   4,655.27
DOW   35,135.94
QQQ   399.69
NYSE:ALE

ALLETE Stock Forecast, Price & News

$60.34
+0.23 (+0.38%)
(As of 11/29/2021 04:00 PM ET)
Add
Compare
Today's Range
$59.80
$61.11
50-Day Range
$59.11
$65.38
52-Week Range
$56.08
$73.10
Volume
296,435 shs
Average Volume
283,770 shs
Market Capitalization
$3.17 billion
P/E Ratio
20.45
Dividend Yield
4.19%
Beta
0.54
30 days | 90 days | 365 days | Advanced Chart
Receive ALE News and Ratings via Email

Sign-up to receive the latest news and ratings for ALLETE and its competitors with MarketBeat's FREE daily newsletter.


ALLETE logo

About ALLETE

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
01852230
Employees
1,342
Year Founded
2015

Sales & Book Value

Annual Sales
$1.17 billion
Cash Flow
$7.21 per share
Book Value
$54.30 per share

Profitability

Net Income
$174.20 million
Pretax Margin
7.43%

Debt

Price-To-Earnings

Miscellaneous

Free Float
52,409,000
Market Cap
$3.17 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/04/2021
Ex-Dividend
11/12/2021
Today
11/30/2021
Dividend Payable
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/16/2022

MarketRank

Overall MarketRank

2.74 out of 5 stars

Utilities Sector

16th out of 122 stocks

Electric & Other Services Combined Industry

4th out of 22 stocks

Analyst Opinion: 2.1Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












ALLETE (NYSE:ALE) Frequently Asked Questions

Is ALLETE a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALLETE stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALE, but not buy additional shares or sell existing shares.
View analyst ratings for ALLETE
or view top-rated stocks.

How has ALLETE's stock price been impacted by 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 stock has decreased by 13.2% and is now trading at $60.34.
View which stocks have been most impacted by COVID-19
.

Are investors shorting ALLETE?

ALLETE saw a decline in short interest in the month of October. As of October 29th, there was short interest totaling 504,800 shares, a decline of 21.2% from the October 14th total of 640,400 shares. Based on an average trading volume of 261,700 shares, the short-interest ratio is currently 1.9 days.
View ALLETE's Short Interest
.

When is ALLETE's next earnings date?

ALLETE is scheduled to release its next quarterly earnings announcement on Wednesday, February 16th 2022.
View our earnings forecast for ALLETE
.

How were ALLETE's earnings last quarter?

ALLETE, Inc. (NYSE:ALE) announced its quarterly earnings results on Thursday, November, 4th. The utilities provider reported $0.53 EPS for the quarter, missing the Zacks' consensus estimate of $0.71 by $0.18. The utilities provider had revenue of $345.70 million for the quarter, compared to analyst estimates of $300.20 million. ALLETE had a net margin of 11.52% and a trailing twelve-month return on equity of 5.44%. ALLETE's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share.
View ALLETE's earnings history
.

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

ALLETE declared a quarterly dividend on Monday, November 1st. Investors of record on Monday, November 15th will be given a dividend of $0.63 per share on Wednesday, December 1st. This represents a $2.52 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, November 12th.
View ALLETE's dividend history
.

Is ALLETE a good dividend stock?

ALLETE pays an annual dividend of $2.52 per share and currently has a dividend yield of 4.19%. ALE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. ALLETE has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of ALLETE is 85.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALLETE will have a dividend payout ratio of 65.63% next year. This indicates that ALLETE will be able to sustain or increase its dividend.
View ALLETE's dividend history.

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

ALLETE updated its FY 2021 earnings guidance on Thursday, November, 18th. The company provided earnings per share (EPS) guidance of $3.000-$3.300 for the period, compared to the Thomson Reuters consensus estimate of $3.150. The company issued revenue guidance of -.

What price target have analysts set for ALE?

4 Wall Street analysts have issued 1-year target prices for ALLETE's stock. Their forecasts range from $62.00 to $74.00. On average, they anticipate ALLETE's share price to reach $67.33 in the next year. This suggests a possible upside of 11.6% from the stock's current price.
View analysts' price targets for ALLETE
or view top-rated stocks among Wall Street analysts.

Who are ALLETE's key executives?

ALLETE's management team includes the following people:
  • Bethany M. Owen, Chairman, President & Chief Executive Officer
  • Robert J. Adams, Chief Financial Officer & Senior Vice President
  • Patrick L. Cutshall, Treasurer & Vice President
  • Nicole R. Johnson, Chief Administrative Officer & Vice President
  • Steven W. Morris, Chief Accounting Officer, VP & Controller

What is Alan R. Hodnik's approval rating as ALLETE's CEO?

5 employees have rated ALLETE CEO Alan R. Hodnik on Glassdoor.com. Alan R. Hodnik has an approval rating of 100% among ALLETE's employees. This puts Alan R. Hodnik in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 BlackRock Inc. (13.26%), Victory Capital Management Inc. (2.72%), Macquarie Group Ltd. (2.27%), Goldman Sachs Group Inc. (1.90%), Principal Financial Group Inc. (1.68%) and Geode Capital Management LLC (1.63%). Company insiders that own ALLETE stock include Heidi E Jimmerson 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 Brookfield Asset Management Inc., BlackRock Inc., Principal Financial Group Inc., Truist Financial Corp, Deprince Race & Zollo Inc., Geode Capital Management LLC, Goldman Sachs Group Inc., and Massachusetts Financial Services Co. MA.
View insider buying and selling activity for ALLETE
or view top insider-selling stocks.

Which major investors are buying ALLETE stock?

ALE stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Citigroup Inc., Bank of New York Mellon Corp, Tudor Investment Corp Et Al, Dimensional Fund Advisors LP, Morgan Stanley, Cubist Systematic Strategies LLC, and Franklin Resources Inc..
View insider buying and selling activity for ALLETE
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ALLETE's stock price today?

One share of ALE stock can currently be purchased for approximately $60.34.

How much money does ALLETE make?

ALLETE has a market capitalization of $3.17 billion and generates $1.17 billion in revenue each year. The utilities provider earns $174.20 million in net income (profit) each year or $2.95 on an earnings per share basis.

How many employees does ALLETE have?

ALLETE employs 1,342 workers across the globe.

When was ALLETE founded?

ALLETE was founded in 2015.

What is ALLETE's official website?

The official website for ALLETE is www.allete.com.

Where are ALLETE's headquarters?

ALLETE is headquartered at 30 W SUPERIOR STREET, DULUTH MN, 55802.

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 or via fax at 218-723-3944.


This page was last updated on 11/30/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.