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

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$79.73 +0.27 (+0.34 %)
(As of 04/23/2019 04:00 PM ET)
Previous Close$79.46
Today's Range$79.49 - $80.28
52-Week Range$70.46 - $84.26
Volume206,800 shs
Average Volume220,297 shs
Market Capitalization$4.12 billion
P/E Ratio22.19
Dividend Yield2.96%
Beta0.29
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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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$1.50 billion
Cash Flow$7.2614 per share
Book Value$41.92 per share

Profitability

Net Income$174.10 million

Miscellaneous

Employees1,889
Market Cap$4.12 billion
Next Earnings Date5/2/2019 (Confirmed)
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 Friday, February 1st. Shareholders of record on Friday, February 15th will be given a dividend of $0.5875 per share on Friday, March 1st. This represents a $2.35 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, February 14th. This is a positive change from ALLETE's previous quarterly dividend of $0.56. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) released its earnings results on Thursday, February, 14th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.13 by $0.05. The utilities provider had revenue of $448.30 million for the quarter, compared to the consensus estimate of $413 million. ALLETE had a return on equity of 8.76% and a net margin of 11.62%. The business's revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 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, May 2nd 2019. View Earnings Estimates for ALLETE.

How can I listen to ALLETE's earnings call?

ALLETE will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8773035852.

What price target have analysts set for ALE?

4 equities research analysts have issued 1-year price targets for ALLETE's shares. Their forecasts range from $71.00 to $79.30. On average, they expect ALLETE's share price to reach $75.8250 in the next year. This suggests that the stock has a possible downside of 4.9%. View Analyst Price Targets for ALLETE.

What is the consensus analysts' recommendation for ALLETE?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 1 sell rating and 3 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 coverage about ALE stock has been trending positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing 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 closest to five being the most favorable. ALLETE earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.

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), TC Pipelines (TCP), Ameren (AEE), United Parcel Service (UPS), BlackRock (BLK), Starbucks (SBUX), AT&T (T), Williams Partners (WPZ), Activision Blizzard (ATVI) and CA (CA).

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 a variety of of retail and institutional investors. Top institutional investors include Foundry Partners LLC (0.33%), Retirement Systems of Alabama (0.32%), Nisa Investment Advisors LLC (0.17%), Louisiana State Employees Retirement System (0.03%), Mercer Global Advisors Inc. ADV (0.01%) and State of Alaska Department of Revenue (0.01%). 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 major investors are selling ALLETE stock?

ALE stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Versant Capital Management Inc. 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 major investors are buying ALLETE stock?

ALE stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Mercer Global Advisors Inc. ADV, State of Alaska Department of Revenue, First Citizens Bank & Trust Co., Meeder Asset Management Inc., Mercer Global Advisors Inc. ADV, WP Advisors LLC and Retirement Systems of Alabama. 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 $79.73.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.12 billion and generates $1.50 billion in revenue each year. The utilities provider earns $174.10 million in net income (profit) each year or $3.61 on an earnings per share basis. ALLETE employs 1,889 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:  2.1 out of 5 (star star)
Outperform Votes:  215 (Vote Outperform)
Underperform Votes:  309 (Vote Underperform)
Total Votes:  524
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 4/23/2019 by MarketBeat.com Staff

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