ALLETE, Inc. (ALE)

NYSE: ALE · IEX Real-Time Price · USD
65.85 -0.24 (-0.36%)
Jan 14, 2022 4:00 PM EST - Market closed
Market Cap3.46B
Revenue (ttm)1.34B
Net Income (ttm)154.40M
Shares Out52.57M
EPS (ttm)2.95
PE Ratio22.36
Forward PE19.42
Dividend$2.52 (3.83%)
Ex-Dividend DateNov 12, 2021
Volume345,719
Open66.12
Previous Close66.09
Day's Range65.19 - 66.55
52-Week Range56.84 - 73.10
Beta0.56
AnalystsHold
Price Target69.83 (+6.0%)
Earnings DateNov 4, 2021

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...

IndustryElectric Utilities
Employees1,341
Stock ExchangeNYSE
Ticker SymbolALE
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for ALLETE stock is "Hold." The 12-month stock price forecast is 69.83, which is an increase of 6.04% from the latest price.

Price Target
$69.83
(6.04% upside)
Analyst Consensus: Hold

News

Reasons to Add ALLETE (ALE) to Your Portfolio Right Now

ALLETE (ALE) makes a strong case for investment, given positive estimates movement, systematic capital investment and ongoing expansion of clean energy distribution.

2 days ago - Zacks Investment Research

3 Utility Stocks to Power Your Portfolio

Contrary to popular belief, utility stocks can offer more than just income. There are plenty of names in the sector that are trading below their intrinsic values while also providing high levels of income.

Other symbols:OGSPNW
1 month ago - GuruFocus

Allete (ALE) Q3 Earnings Miss Estimates

Allete (ALE) delivered earnings and revenue surprises of -34.57% and 15.49%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

ALLETE, Inc. Reports Third Quarter Earnings of 53 Cents; Reaffirms 2021 Earnings Guidance Range

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. reports third quarter earnings of 53 cents; Reaffirms 2021 earnings guidance range

2 months ago - Business Wire

Minnesota Power Files Request for Rate Change to Support Sustainable Energy Future Amid Changing Customer Demand

DULUTH, Minn.--(BUSINESS WIRE)--Minnesota Power files request for rate change to support sustainable energy future amid changing customer demand

2 months ago - Business Wire

ALLETE Board of Directors Declares Dividend on Common Stock

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

2 months ago - Business Wire

Allete (ALE) Reports Next Week: Wall Street Expects Earnings Growth

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.

2 months ago - Zacks Investment Research

7 Best High-Yield Utilities Stocks to Buy to Help Pay Your Bills

These seven high-yield utilities stocks to buy this month generate predictable and steady returns without taking substantial risks. The post 7 Best High-Yield Utilities Stocks to Buy to Help Pay Your Bi...

Other symbols:DUKENIAEXCJXINEESO
3 months ago - InvestorPlace

ALLETE to Announce Third Quarter Financial Results November 4

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE to announce third quarter financial results November 4

3 months ago - Business Wire

Charlene A. Thomas Named to ALLETE Board of Directors

DULUTH, Minn.--(BUSINESS WIRE)--Charlene A. Thomas named to ALLETE board of directors

3 months ago - Business Wire

ALLETE Announces Third Partner in Nemadji Trail Energy Center Project

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE announces third partner in Nemadji Trail Energy Center Project

3 months ago - Business Wire

ALLETE, Inc and Triniti Consulting Successfully Deploy Oracle Utilities Customer to Meter

ATLANTA--(BUSINESS WIRE)--Triniti Consulting is pleased to announce the successful April 2021 implementation of Oracle Utilities Customer to Meter (C2M) at ALLETE Inc.

4 months ago - Business Wire

ALLETE's (ALE) Q2 Earnings Miss Estimates, Revenues Beat

ALLETE's (ALE) second-quarter earnings miss estimates while revenues beat the same. It registers a strong electricity sales volume, backed by Other Power suppliers load.

5 months ago - Zacks Investment Research

Allete (ALE) Misses Q2 Earnings Estimates

Allete (ALE) delivered earnings and revenue surprises of -1.85% and 27.50%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Recap: ALLETE Q2 Earnings

Shares of ALLETE (NYSE:ALE) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share rose 35.90% year over year to $0.53, which missed the estimate of $0.56.

5 months ago - Benzinga

ALLETE, Inc. Reports Second Quarter Earnings of 53 Cents Per Share

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. reports second quarter earnings of 53 cents per share

5 months ago - Business Wire

Allete (ALE) Earnings Expected to Grow: Should You Buy?

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.

5 months ago - Zacks Investment Research

ALLETE to Announce Second Quarter Financial Results August 4

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE to announce second quarter financial results August 4

6 months ago - Business Wire

Bethany M. Owen named Chair of ALLETE Board of Directors

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

8 months ago - Business Wire

ALLETE's (ALE) Q1 Earnings Miss Estimates, Revenues Beat

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

8 months ago - Zacks Investment Research

Allete (ALE) Lags Q1 Earnings Estimates

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?

8 months ago - Zacks Investment Research

ALLETE, Inc. Reports First Quarter Earnings of 99 Cents per Share

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

8 months ago - Business Wire

ALLETE Clean Energy Expands Geographic Reach and Customer Profile With New Wind Development Project in Wisconsin

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

8 months ago - Business Wire

ALLETE Recognized for Advancing Women in Leadership Roles

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

8 months ago - Business Wire

ALLETE to Announce First Quarter Financial Results May 6

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

9 months ago - Business Wire