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ALLETE, Inc. (ALE)

NYSE: ALE · Delayed Price · USD
60.26 -0.57 (-0.94%)
Sep 20, 2021 4:00 PM EDT - Market closed
Market Cap3.15B
Revenue (ttm)1.29B
Net Income (ttm)167.50M
Shares Out52.20M
EPS (ttm)3.21
PE Ratio18.77
Forward PE19.42
Dividend$2.50 (4.14%)
Ex-Dividend DateAug 13, 2021
Volume233,886
Open60.29
Previous Close60.83
Day's Range59.49 - 61.10
52-Week Range48.08 - 72.46
Beta0.46
AnalystsHold
Price Target71.40 (+18.5%)
Est. Earnings DateNov 8, 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
Employees1,331
Stock ExchangeNYSE
Ticker SymbolALE
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 Forecast

According to 6 analysts, the average rating for ALLETE, Inc. stock is "Hold." The 12-month stock price forecast is 71.40, which is an increase of 18.49% from the latest price.

Price Target
$71.40
(18.49% upside)
Analyst Consensus: Hold

News

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.

1 month 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.

1 month 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?

1 month 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.

1 month 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

1 month 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

1 month 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.

1 month 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

2 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

4 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.

4 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?

4 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

4 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

4 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

4 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.

4 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

5 months ago - Business Wire

ALLETE Highlights Sustainability in Action in Enhanced Sustainability Report

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

5 months ago - Business Wire

New Strong Sell Stocks for April 1st

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

Other symbols:FLRSBRAWELLWRE
5 months ago - Zacks Investment Research

4 Stocks to Watch as Demand for Wind Energy Picks Up

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 symbols:AESNEEPOR
6 months ago - Zacks Investment Research

ALLETE (ALE) Tops Q4 Earnings Estimates, Adds Clean Assets

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

7 months ago - Zacks Investment Research

Recap: ALLETE Q4 Earnings

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...

7 months ago - Benzinga

ALLETE Clean Energy to Sell Repowered Wind Site to Xcel Energy

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

7 months ago - Business Wire

ALLETE's (ALE) Arm to Sell 100-MW Wind Energy From Caddo Site

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.

7 months ago - Zacks Investment Research

Wall Street Just Got Hammered: Grab 5 Ultra-Safe Stocks Now

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 symbols:BGSCNPMKCMRK
7 months ago - Zacks Investment Research

ALLETE to Announce 2020 Financial Results on Feb. 17

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.

8 months ago - Business Wire