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

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$78.96 +0.33 (+0.42 %)
(As of 08/19/2018 04:00 PM ET)
Previous Close$78.96
Today's Range$78.53 - $79.42
52-Week Range$66.64 - $81.24
Volume168,907 shs
Average Volume321,026 shs
Market Capitalization$3.97 billion
P/E Ratio24.75
Dividend Yield2.88%
Beta0.3
ALLETE logoALLETE, 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
SymbolNYSE:ALE
CUSIP01852230
Phone218-279-5000

Debt

Debt-to-Equity Ratio0.69
Current Ratio1.21
Quick Ratio0.80

Price-To-Earnings

Trailing P/E Ratio24.75
Forward P/E Ratio23.64
P/E Growth3.85

Sales & Book Value

Annual Sales$1.42 billion
Price / Sales2.86
Cash Flow$6.4352 per share
Price / Cash12.27
Book Value$40.52 per share
Price / Book1.95

Profitability

EPS (Most Recent Fiscal Year)$3.19
Net Income$172.20 million
Net Margins12.02%
Return on Equity8.04%
Return on Assets3.30%

Miscellaneous

Employees2,017
Outstanding Shares51,360,000
Market Cap$3.97 billion

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 declared a quarterly dividend on Friday, July 27th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.56 per share on Saturday, September 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Tuesday, August 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) announced its quarterly earnings results on Thursday, August, 2nd. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.72 by $0.11. The utilities provider earned $344.10 million during the quarter, compared to analysts' expectations of $343 million. ALLETE had a net margin of 12.02% and a return on equity of 8.04%. ALLETE's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. View ALLETE's Earnings History.

When is ALLETE's next earnings date?

ALLETE is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for ALLETE.

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

ALLETE updated its FY18 earnings guidance on Thursday, August, 2nd. The company provided EPS guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.41.

What price target have analysts set for ALE?

6 Wall Street analysts have issued 1 year price objectives for ALLETE's stock. Their forecasts range from $66.00 to $78.00. On average, they expect ALLETE's stock price to reach $71.75 in the next year. This suggests that the stock has a possible downside of 9.1%. View Analyst Price Targets for ALLETE.

What is the consensus analysts' recommendation for ALLETE?

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

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)

Has ALLETE been receiving favorable news coverage?

Headlines about ALE stock have trended positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ALLETE earned a coverage optimism score of 0.32 on Accern's scale. They also assigned news headlines about the utilities provider an impact score of 42.66 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for ALLETE.

Who are ALLETE's major shareholders?

ALLETE's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.37%), Victory Capital Management Inc. (2.50%), Dimensional Fund Advisors LP (1.91%), Bank of New York Mellon Corp (1.56%), Renaissance Technologies LLC (1.49%) and Macquarie Group Ltd. (1.35%). Company insiders that own ALLETE stock include 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 Polaris Capital Management LLC, Aristotle Capital Boston LLC, Russell Investments Group Ltd., Foundry Partners LLC, Bank of America Corp DE, Glenmede Trust Co. NA, Mutual of America Capital Management LLC and First Trust Advisors LP. View Insider Buying and Selling for ALLETE.

Which institutional investors are buying ALLETE stock?

ALE stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Sei Investments Co., Victory Capital Management Inc., Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Macquarie Group Ltd. and Legal & General 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 $78.96.

How big of a company is ALLETE?

ALLETE has a market capitalization of $3.97 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.

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:  190 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  461
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 8/19/2018 by MarketBeat.com Staff

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