Home » Stocks » ALE

ALLETE, Inc. (ALE)

Stock Price: $63.62 USD 0.59 (0.94%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
Market Cap 3.32B
Revenue (ttm) 1.17B
Net Income (ttm) 174.20M
Shares Out 51.90M
EPS (ttm) 3.35
PE Ratio 18.99
Forward PE 19.42
Dividend $2.47
Dividend Yield 3.88%
Trading Day March 5
Last Price $63.62
Previous Close $63.03
Change ($) 0.59
Change (%) 0.94%
Day's Open 63.54
Day's Range 62.65 - 63.95
Day's Volume 586,015
52-Week Range 46.74 - 72.67

News

Hide News
  • All
  • Videos
  • Press Releases
  • Conversation
Zacks Investment Research - 2 weeks ago

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

Benzinga - 2 weeks ago

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 ...

Business Wire - 2 weeks ago

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

Zacks Investment Research - 3 weeks ago

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.

Zacks Investment Research - 1 month ago

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 ...

Other stocks mentioned: BGS, CNP, MKC, MRK
Business Wire - 1 month ago

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.

Zacks Investment Research - 1 month ago

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

Zacks Investment Research - 1 month ago

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
Seeking Alpha - 2 months ago

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.

Zacks Investment Research - 2 months ago

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

Business Wire - 2 months ago

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

Seeking Alpha - 3 months ago

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 ...

Other stocks mentioned: BEN, CVX, GILD, IBM, MET, PM, T, VZ, WBA, VZA
Zacks Investment Research - 3 months ago

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

Seeking Alpha - 3 months ago

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

Zacks Investment Research - 3 months ago

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?

Zacks Investment Research - 4 months ago

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.

Business Wire - 4 months ago

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.

Seeking Alpha - 6 months ago

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

Zacks Investment Research - 7 months ago

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.

Zacks Investment Research - 7 months ago

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?

Zacks Investment Research - 7 months ago

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?

Business Wire - 7 months ago

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

Zacks Investment Research - 7 months ago

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.

Seeking Alpha - 9 months ago

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

Zacks Investment Research - 10 months ago

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

Zacks Investment Research - 10 months ago

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?

The Motley Fool - 10 months ago

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
GuruFocus - 11 months ago

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 ...

Other stocks mentioned: ARMK, FIS
Seeking Alpha - 1 year ago

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

Zacks Investment Research - 1 year ago

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

Zacks Investment Research - 1 year ago

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

Seeking Alpha - 1 year ago

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

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

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?

Zacks Investment Research - 1 year ago

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.

GuruFocus - 1 year ago

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.

Seeking Alpha - 1 year ago

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

Zacks Investment Research - 1 year ago

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

Zacks Investment Research - 1 year ago

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?

Zacks Investment Research - 1 year ago

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.

Zacks Investment Research - 1 year ago

Here are four stocks with buy rank and strong income characteristics for investors to consider today, July 1st.

Other stocks mentioned: ABR, AMP, BBY
Zacks Investment Research - 1 year ago

Top Ranked Income Stocks to Buy for June 27th

Other stocks mentioned: ABR, AMP, APAM
Zacks Investment Research - 1 year ago

Top Ranked Income Stocks to Buy for June 18th 2019

Other stocks mentioned: ABR, APAM
Zacks Investment Research - 1 year ago

ALLETE's (ALE) Diamond Spring wind project to provide 300-MW renewable energy to large corporate customers.

Other stocks mentioned: NEE, SBUX, WMT
Zacks Investment Research - 1 year ago

ALLETE (ALE) is a promising pick for investors, courtesy of these five factors.

Zacks Investment Research - 1 year ago

Near-Term Outlook Bleak for Electric Power Stocks

Other stocks mentioned: DTE, NWE, PNM
Seeking Alpha - 1 year ago

ALLETE, Inc. (ALE) CEO Alan Hodnik on Q1 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

ALLETE's (ALE) first-quarter 2019 results are hurt by lower industrial sales.

Zacks Investment Research - 1 year ago

Allete (ALE) delivered earnings and revenue surprises of -0.84% and -1.75%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

About ALE

ALLETE 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 customers ... [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 70.00, which is an increase of 10.03% from the latest price.

Price Target
$70.00
(10.03% upside)
Analyst Consensus: Buy