This suggests that the stock has a possible downside of 15.0%. Find the latest historical data for Allete, Inc. (ALE) at Nasdaq.com. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating. The company provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers, as well as 15 non-affiliated municipal customers; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. Do Not Sell My Information. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Read More Water Services, and Corporate and Other. ALLETE Corporate. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Minnesota Power, a utility division of ALLETE (NYSE: ALE), today proposed a resolution to its November 2019 rate review that would reduce customers’ monthly bills and provide refunds. They called the 2020 crash 45 days early. View which stocks are hot on social media with MarketBeat's trending stocks report. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALE, but not buy additional shares or sell existing shares. By Business Wire. The stock of Minnesota Power and Light was first listed on the New York Stock Exchange in 1950 under the ticker symbol MPL. The P/E ratio of ALLETE is 20.45, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 33.76. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. Company insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. It has traded as high as $88.60 and as low as $74.54 in the past year. ALLETE employs 1,339 workers across the globe. The utilities provider can be reached via phone at 218-279-5000. 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The Minnesota Power / Allete building in downtown Duluth. The latest closing stock price for Allete as of January 15, 2021 is 69.72.. On average, they expect ALLETE's share price to reach $59.25 in the next twelve months. ALLETE common stock trades on the New York Stock Exchange under the ticker symbol ALE, and has paid consecutive dividends since 1950. MarketBeat just released five new trading ideas, but ALLETE wasn't one of them. Fundamental company data provided by Morningstar and Zacks Investment Research. Terms of Service apply. High institutional ownership can be a signal of strong market trust in this company. When the corporate name was changed to ALLETE, Inc. in 2000, the stock’s ticker symbol became ALE. In the past three months, ALLETE insiders have not sold or bought any company stock. The company provided EPS guidance of $3.25-3.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.33. ALLETE's stock is owned by many different institutional and retail investors. Learn about financial terms, types of investments, trading strategies and more. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy, based in Bismarck, N.D.; and has an 8 percent equity interest in the American Transmission Co. View our full suite of financial calendars and market data tables, all for free. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. © Copyright 2021 Morningstar, Inc. All rights reserved. During the same period last year, the company posted $0.60 EPS. View institutional ownership trends for ALLETE. Brooks Johnson writes about the Duluth/Superior region. View our earnings forecast for ALLETE. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. ALLETE pays a meaningful dividend of 3.54%, higher than the bottom 25% of all stocks that pay dividends. ALLETE Board Of Directors Declares Dividend On Common Stock. ALLETE pays an annual dividend of $2.47 per share and currently has a dividend yield of 3.54%. click Stockholders of record on Monday, November 16th will be given a dividend of $0.6175 per share on Tuesday, December 1st. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Invest Direct is a Trademark by Allete, Inc., the address on file for this trademark is 30 West Superior Street, Duluth, MN 55402 Coal fuel sources, specifically, account for most of this. Allete, Inc. (ALE) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. See what's happening in the market right now with MarketBeat's real-time news feed. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics Shares of ALE can be purchased through any online brokerage account. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is Since then, ALE stock has increased by 0.2% and is now trading at $69.72. ALLETE has a P/B Ratio of 1.54. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. Click here for more on how to use these ratings. This indicates that ALLETE will be able to sustain or increase its dividend. Allete Inc (ALE) Stock Quote and News . Privacy Policy and 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 View all of ALE's competitors. ALLETE has received no research coverage in the past 90 days. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, U.S. Water Services headquartered in St. Michael, Minn., BNI Energy in Center, N.D., and has an eight percent equity interest in the American Transmission Co. This code of business conduct, The Power of Integrity, embodies the standards that form ALLETE… Some companies that are related to ALLETE include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), Edison International (EIX), PPL (PPL), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), PNM Resources (PNM), Portland General Electric (POR), Hawaiian Electric Industries (HE) and MGE Energy (MGEE). Their forecasts range from $55.00 to $64.00. BRIEF-Allete Inc Qtrly Earnings Per Share $0.99 * FOR THREE MONTHS ENDED MARCH 31, TOTAL OPERATING REVENUE WAS $358.2 MILLION VERSUS $365.6 MILLION - SEC FILING The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE.". Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Export data to Excel for your own analysis. There are currently 1 sell rating and 3 hold ratings for the stock. Now people are pouring into cryptos like we haven’t seen in years... but don’t do anything until you see this new warning. ALLETE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. (Add your “underperform” vote.). It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Please log in to your account or sign up in order to add this asset to your watchlist. Wall Street analysts have given ALLETE a "Hold" rating, but there may be better short-term opportunities in the market. Earnings for ALLETE are expected to grow by 9.64% in the coming year, from $3.32 to $3.64 per share. Dear Fellow Employee: Upholding excellent ethical standards is a cornerstone ALLETE value. Learn more. The dividend payout ratio of ALLETE is 74.17%. View which stocks have been most impacted by COVID-19. MyALLETE.com is provided as a service to ALLETE, Minnesota Power, SWL&P, BNI Energy, ACE, ARRI and Minnesota Power Employee Credit Union employees and retirees. For information Click here for more on how to use these ratings. ALLETE saw a increase in short interest in December. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. Based on earnings estimates, ALLETE will have a dividend payout ratio of 67.86% next year. View analysts' price targets for ALLETE or view Wall Street analyst' top-rated stocks. Subsidiary BNI Energy operates a mine in North Dakota that supplies, primarily, two generating co-ops, Minnkota Power and Square Butte. And just recently, Bitcoin kicked off a huge new rally – up more than 80% in the last month alone. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, ALE stock was bought by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., and First Citizens Bank & Trust Co.. View insider buying and selling activity for ALLETE or or view top insider-buying stocks. Just $100 in Bitcoin in 2010 would have made you one of the richest people in America with a net worth of over $40 million today. Top institutional investors include State of Alaska Department of Revenue (0.02%), Redpoint Investment Management Pty Ltd (0.02%), HGK Asset Management Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%) and First Citizens Bank & Trust Co. (0.01%). The business's revenue for the quarter was up 1.9% on a year-over-year basis. The all-time high Allete stock closing price was 108.10 on June 10, 2004.; The Allete 52-week high stock price is 84.71, which is 21.5% above the current share price. Minnesota Power, a division of ALLETE, Inc., provides electricity in a 26,000-square-mile electric service territory located in northeastern Minnesota. 4 brokers have issued 12 month price targets for ALLETE's stock. This site is protected by reCAPTCHA and the Google View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Al Hodnik became the CEO of ALLETE, Inc. (NYSE:ALE) in 2010. Based on an average trading volume of 287,100 shares, the days-to-cover ratio is presently 3.5 days. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. ALLETE's stock was trading at $69.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 660 megawatt of wind energy generation. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. . fair value, and uncertainty rating. View analyst ratings for ALLETE or view MarketBeat's top 5 stock picks. Based on aggregate information from My MarketBeat watchlists, some companies that other ALLETE investors own include AbbVie (ABBV), AT&T (T), Hawkins (HWKN), Verizon Communications (VZ), Ameren (AEE), United Parcel Service (UPS), BlackRock (BLK), Cisco Systems (CSCO), The Home Depot (HD) and International Business Machines (IBM). The consensus among Wall Street equities research analysts is that investors should "hold" ALLETE stock. You may vote once every thirty days. Want to see which stocks are moving? The ex-dividend date is Friday, November 13th. Vote “Outperform” if you believe ALE will outperform the S&P 500 over the long term. ALLETE, Inc. (NYSE:ALE) announced its quarterly earnings data on Saturday, November, 14th. Allete price target cut to $55 from $66 at Mizuho, stock rated neutral Aug. 26, 2020 at 8:03 a.m. View ALLETE's Short Interest. 71.86% of the stock of ALLETE is held by institutions. MarketBeat's community ratings are surveys of what our community members think about ALLETE and other stocks. ALLETE does not have a long track record of dividend growth. This payout ratio is at a healthy, sustainable level, below 75%. The dividend payout ratio of ALLETE is 74.17%. 0.72; 1.04% ... 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