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Chart Events
Performance Outlook
| Previous Close | 58.89 |
| Open | 58.84 |
| Bid | 57.33 x 1200 |
| Ask | 59.39 x 1000 |
| Day's Range | 58.31 - 59.28 |
| 52 Week Range | 49.29 - 65.10 |
| Volume | |
| Avg. Volume | 290,512 |
| Market Cap | 3.364B |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | 13.57 |
| EPS (TTM) | 4.30 |
| Earnings Date | May 09, 2024 |
| Forward Dividend & Yield | 2.82 (4.83%) |
| Ex-Dividend Date | Feb 14, 2024 |
| 1y Target Est | 60.77 |
Fair Value
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Related Research
- Allete, Inc.ALE: Raising target price to $64.00ALLETE INC has an Investment Rating of HOLD; a target price of $64.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.RatingFair ValueEconomic Moat5 days agoArgus Research
Simply Wall St.ALLETE, Inc. (NYSE:ALE) is favoured by institutional owners who hold 77% of the company
Key Insights Given the large stake in the stock by institutions, ALLETE's stock price might be vulnerable to their...
Business WireALLETE to Announce First Quarter Financial Results May 9
DULUTH, Minn., April 12, 2024--ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 9, 2024.
- Simply Wall St.
The past five years for ALLETE (NYSE:ALE) investors has not been profitable
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Ameren (AEE), with the recent approval for its largest-ever solar investment, will provide its customers with reliable, resilient and affordable solar energy.
ACCESSWIRESidoti Events, LLC's Virtual March Small-Cap Conference
NEW YORK, NY / ACCESSWIRE / March 12, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day March Small-Cap Conference taking place Wednesday and Thursday, March 13-14, ...
- Simply Wall St.
Returns On Capital Signal Tricky Times Ahead For ALLETE (NYSE:ALE)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
PR NewswireNew Energy Equity announces Tim Ahrens as Senior Vice President of Development
New Energy Equity, national developer and financier of community and commercial solar projects, has named Tim Ahrens as its Senior Vice President of Development. Ahrens will be responsible for leading New Energy's strategic development, encompassing land acquisition, interconnection, and permitting.
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ALLETE, Inc. Just Beat Revenue By 6.3%: Here's What Analysts Think Will Happen Next
ALLETE, Inc. ( NYSE:ALE ) shareholders are probably feeling a little disappointed, since its shares fell 3.0% to...
Insider MonkeyALLETE, Inc. (NYSE:ALE) Q4 2023 Earnings Call Transcript
ALLETE, Inc. (NYSE:ALE) Q4 2023 Earnings Call Transcript February 20, 2024 ALLETE, Inc. misses on earnings expectations. Reported EPS is $0.89 EPS, expectations were $0.93. ALE isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and welcome to the […]
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Analyst Price Targets (5)
Upgrades & Downgrades
| Maintains | Wells Fargo: Equal-Weight to Equal-Weight | 2/21/2024 | |
| Upgrade | Guggenheim: Sell to Neutral | 1/22/2024 | |
| Downgrade | Sidoti & Co.: Buy to Neutral | 1/10/2024 | |
| Maintains | Mizuho: Neutral to Neutral | 7/21/2023 | |
| Maintains | Guggenheim: Sell to Sell | 7/7/2023 | |
| Downgrade | B of A Securities: Neutral to Underperform | 6/27/2023 |
Company Profile
30 West Superior Street
Duluth, MN 55802-2093
United States
218 279 5000
https://www.allete.com
Sector(s): Utilities
Industry: Utilities - Diversified
Full Time Employees: 1,513
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, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric 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 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. 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.
