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

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$80.68 -0.20 (-0.25 %)
(As of 12/12/2018 04:00 PM ET)
Previous Close$80.88
Today's Range$80.56 - $81.67
52-Week Range$66.64 - $82.82
Volume203,220 shs
Average Volume299,244 shs
Market Capitalization$4.17 billion
P/E Ratio25.29
Dividend Yield2.77%
Beta0.2
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, 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
Current SymbolNYSE:ALE
Previous Symbol
CUSIP01852230
Phone218-279-5000

Debt

Debt-to-Equity Ratio0.69
Current Ratio1.09
Quick Ratio0.71

Price-To-Earnings

Trailing P/E Ratio25.29
Forward P/E Ratio23.87
P/E Growth3.99

Sales & Book Value

Annual Sales$1.42 billion
Price / Sales2.92
Cash Flow$6.2640 per share
Price / Cash Flow12.88
Book Value$40.52 per share
Price / Book1.99

Profitability

EPS (Most Recent Fiscal Year)$3.19
Net Income$172.20 million
Net Margins11.12%
Return on Equity7.46%
Return on Assets3.06%

Miscellaneous

Employees2,017
Outstanding Shares51,420,000
Market Cap$4.17 billion
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 declared a quarterly dividend on Thursday, October 25th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.56 per share on Saturday, December 1st. This represents a $2.24 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, November 14th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) issued its earnings results on Thursday, November, 1st. The utilities provider reported $0.67 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.75 by $0.08. The utilities provider had revenue of $348 million for the quarter, compared to analysts' expectations of $366 million. ALLETE had a return on equity of 7.46% and a net margin of 11.12%. The company's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 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, February 21st 2019. View Earnings Estimates for ALLETE.

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

ALLETE updated its FY18 earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $3.20-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.40.

What price target have analysts set for ALE?

5 analysts have issued 12-month price objectives for ALLETE's stock. Their predictions range from $66.00 to $77.00. On average, they expect ALLETE's stock price to reach $70.90 in the next year. This suggests that the stock has a possible downside of 12.1%. View Analyst Price Targets for ALLETE.

What is the consensus analysts' recommendation for ALLETE?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. There are currently 2 sell ratings 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 headlines about ALE stock have trended extremely positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ALLETE earned a media sentiment score of 5.0 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days.

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)
  • Mr. Bradley W. Oachs, Sr. VP & Pres of Regulated Operations (Age 60)
  • Ms. Deborah A. Amberg, Former SVP, Chief Strategy Officer of Regulated Ops and Pres of Superior Water, Light & Power (Age 52)

Who are ALLETE's major shareholders?

ALLETE's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.60%), Vanguard Group Inc. (9.94%), Victory Capital Management Inc. (2.51%), Renaissance Technologies LLC (1.92%), Dimensional Fund Advisors LP (1.91%) and Bank of New York Mellon Corp (1.55%). 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 institutional investors are selling ALLETE stock?

ALE stock was sold by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Prudential Financial Inc., Macquarie Group Ltd., Monarch Partners Asset Management LLC, Neuberger Berman Group LLC, Channing Capital Management LLC, Acadian Asset Management LLC and Loomis Sayles & Co. L P. 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 institutional investors are buying ALLETE stock?

ALE stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Symons Capital Management Inc., Vanguard Group Inc., Assenagon Asset Management S.A., AQR Capital Management LLC, Cornerstone Wealth Management LLC and Polaris Capital Management LLC. 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 $80.68.

How big of a company is ALLETE?

ALLETE has a market capitalization of $4.17 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.

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:  2.0 out of 5 (star star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  294 (Vote Underperform)
Total Votes:  497
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 12/12/2018 by MarketBeat.com Staff

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