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ALLETE, Inc. (ALE)

Stock Price: $70.51 USD 0.37 (0.53%)
Updated Jun 11, 2021 4:00 PM EDT - Market closed
Market Cap 3.68B
Revenue (ttm) 1.20B
Net Income (ttm) 159.70M
Shares Out 52.10M
EPS (ttm) 3.06
PE Ratio 23.03
Forward PE 21.37
Dividend $2.48
Dividend Yield 3.52%
Trading Day June 11
Last Price $70.51
Previous Close $70.14
Change ($) 0.37
Change (%) 0.53%
Day's Open 70.14
Day's Range 69.98 - 70.53
Day's Volume 132,324
52-Week Range 48.44 - 71.94

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DULUTH, Minn.--(BUSINESS WIRE)--Bethany M. Owen named Chair of ALLETE Board of Directors

1 month ago - Business Wire

ALLETE's (ALE) first-quarter earnings miss estimates. However, it registers strong electricity sales volume backed by Other Power supplies load.

1 month ago - Zacks Investment Research

Allete (ALE) delivered earnings and revenue surprises of -10.81% and 8.06%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. reports first quarter earnings of 99 cents per share; Reaffirms 2021 earnings guidance range of $3.00 - $3.30 per share

1 month ago - Business Wire

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy expands geographic reach and customer profile with new wind development project in Wisconsin

1 month ago - Business Wire

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Board of Directors declares dividend on common stock

1 month ago - Business Wire

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. has received statewide recognition for its long history of advancing women in corporate leadership roles.

1 month ago - Business Wire

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE to announce first quarter financial results May 6

2 months ago - Business Wire

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE highlights sustainability in action in enhanced sustainability report

2 months ago - Business Wire

ALE, FLR, SBRA, WRE, and WELL have been added to the Zacks Rank #5 (Strong Sell) List on April 1, 2021

Other stocks mentioned: FLR, SBRA, WELL, WRE
2 months ago - Zacks Investment Research

Wind energy seems ready to continue its solid run as renewable sources of power gain prominence, making it wise to look at names like NextEra Energy (NEE) and ALLETE (ALE)

Other stocks mentioned: AES, NEE, POR
3 months ago - Zacks Investment Research

ALLETE (ALE) fourth-quarter earnings benefit from an improvement in total electric sales volumes. The company continues to expand the clean energy generation portfolio.

3 months ago - Zacks Investment Research

Shares of ALLETE (NYSE:ALE) decreased 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 6.25% over the past year to $0.90, which beat the e...

3 months ago - Benzinga

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy to sell repowered wind site to Xcel Energy

3 months ago - Business Wire

ALLETE's (ALE) subsidiary ALLETE Clean Energy will sell renewable energy to Oshkosh Corporation and Hormel Foods. The 100-MW wind energy will be provided from its Caddo site.

4 months ago - Zacks Investment Research

With Wall Street seeing its worst one-day selloff on Jan 27 since October 2020 and with the bearish trend likely to continue, it's safe to bet on stocks like Allete (ALE), B&G Foods (BGS) and Merck (MRK).

Other stocks mentioned: BGS, CNP, MKC, MRK
4 months ago - Zacks Investment Research

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for 2020 before the stock markets open on Wednesday, Feb. 17, 2021.

4 months ago - Business Wire

ALLETE's (ALE) subsidiary Minnesota Power sets a target to provide completely carbon-free, more reliable and affordable energy to customers by 2050.

4 months ago - Zacks Investment Research

Electricity consumption in the United States seems poised to rise, making it prudent to invest in names like CenterPoint Energy (CNP) and MGE Energy (MGEE)

Other stocks mentioned: CNP, MGEE
5 months ago - Zacks Investment Research

At current share price levels, Allete offers an attractive and safe dividend yield of over 4%. There are risks associated with the lignite coal mining operation and coal-fired power generation.

5 months ago - Seeking Alpha

ALLETE's (ALE) unit Minnesota Power has successfully worked on the EnergyForward strategy to provide clean and affordable power to customers.

5 months ago - Zacks Investment Research

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy announces renewable energy agreement with McDonald's for Caddo wind site in Oklahoma

6 months ago - Business Wire

In my monthly series of 10 Dividend Growth Stocks, I rank a selection of dividend growth stocks in Dividend Radar and present the 10 top-ranked stocks for consideration. To rank stocks, I use DVK Qualit...

Other stocks mentioned: BEN, CVX, GILD, IBM, MET, PM, T ...
7 months ago - Seeking Alpha

ALLETE's (ALE) third-quarter earnings are better than expected. However, lower sales to commercial and industrial customers adversely impact total electricity sales volume.

7 months ago - Zacks Investment Research

ALLETE, Inc. (ALE) CEO Bethany Owen on Q3 2020 Results - Earnings Call Transcript

7 months ago - Seeking Alpha

Allete (ALE) delivered earnings and revenue surprises of 25.81% and -0.61%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Allete (ALE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 61.75 cents per share of common stock.

7 months ago - Business Wire

ALLETE, Inc. (ALE) CEO Bethany Owen on Q2 2020 Results - Earnings Call Transcript

10 months ago - Seeking Alpha

ALLETE's (ALE) second-quarter earnings and revenues fall on a year-over-year basis due to soft revenues from the commercial and industrial customers and weak net income at Minnesota Power.

10 months ago - Zacks Investment Research

Allete (ALE) delivered earnings and revenue surprises of -40.00% and -17.70%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

Allete (ALE) delivered earnings and revenue surprises of -76.92% and 1.52%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

DULUTH, Minn.--(BUSINESS WIRE)--Barbara A.

10 months ago - Business Wire

Allete (ALE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

10 months ago - Zacks Investment Research

ALLETE's (ALE) CEO Bethany Owen on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

ALLETE's (ALE) first-quarter 2020 earnings decline on a year-over-year basis.

1 year ago - Zacks Investment Research

Allete (ALE) delivered earnings and revenue surprises of 4.07% and -10.58%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

The number of attractive dividend-paying stocks may be dwindling, but investors can still find some high-yielding, electrifying opportunities.

Other stocks mentioned: BEP, HASI
1 year ago - The Motley Fool

In order to increase the likelihood of discovering value stocks, investors select those companies with a market capitalization exceeding $2 billion but whose price-earnings ratio is less than 1.5.

Other stocks mentioned: ARMK, FIS
1 year ago - GuruFocus

ALLETE's (ALE) CEO Bethany Owen on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

ALLETE's (ALE) fourth-quarter 2019 earnings decline on a year-over-year basis.

1 year ago - Zacks Investment Research

ALLETE (ALE) to report its fourth-quarter 2019 earnings on February 13.

1 year ago - Zacks Investment Research

ALLETE, Inc. (ALE) CEO Alan Hodnik on Q3 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

ALLETE's (ALE) third quarter earnings and revenues lagged the estimates. The company expects 2019 EPS to be in the lower end of the guidance range of $3.50 to $3.80.

1 year ago - Zacks Investment Research

Allete (ALE) delivered earnings and revenue surprises of -14.29% and -12.89%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Allete (ALE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

Chairman & CEO of Allete Inc (30-Year Financial, Insider Trades) Alan R Hodnik (insider trades) sold 6,000 shares of ALE on 08/07/2019 at an average price of $85.09 a share.

1 year ago - GuruFocus

ALLETE, Inc. (ALE) CEO Alan Hodnik on Q2 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Poor segmental performance hurt ALLETE's (ALE) second-quarter 2019 revenues.

1 year ago - Zacks Investment Research

Allete (ALE) delivered earnings and revenue surprises of 0.00% and -16.72%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

About ALE

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. 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 145,000 retail cust... [Read more...]

Industry
Utilities-Diversified
Stock Exchange
NYSE
Ticker Symbol
ALE
Full Company Profile

Financial Performance

In 2020, ALLETE, Inc.'s revenue was $1.17 billion, a decrease of -5.76% compared to the previous year's $1.24 billion. Earnings were $174.20 million, a decrease of -6.14%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for ALLETE, Inc. stock is "Buy." The 12-month stock price forecast is 71.20, which is an increase of 0.98% from the latest price.

Price Target
$71.20
(0.98% upside)
Analyst Consensus: Buy