To see all exchange delays and terms of use please see disclaimer. Identify stocks that meet your criteria using seven unique stock screeners. ALLETE pays a meaningful dividend of 3.54%, higher than the bottom 25% of all stocks that pay dividends. 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. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. Learn everything you need to know about successful options trading with this three-part video course. This represents a $2.47 dividend on an annualized basis and a yield of 3.54%. 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. All rights reserved. ALLETE is a publicly held company that operates in a complex, dynamic, competitive and regulated environment. Allete, Inc. (ALE) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. ALLETE's management team includes the following people: DO NOT Buy Bitcoin (BTC) Until You See This. © Copyright 2021 Morningstar, Inc. All rights reserved. This indicates that ALLETE will be able to sustain or increase its dividend. Stock analysis for ALLETE Inc (ALE:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Based on earnings estimates, ALLETE will have a dividend payout ratio of 67.86% next year. The consensus among Wall Street equities research analysts is that investors should "hold" ALLETE stock. The utilities provider earned $293.90 million during the quarter, compared to analyst estimates of $292.90 million. 71.86% of the stock of ALLETE is held by institutions. The ex-dividend date is Friday, November 13th. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Based on an average trading volume of 287,100 shares, the days-to-cover ratio is presently 3.5 days. Companies withratings are not formally covered by a Morningstar analyst, but are By Business Wire. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. Based on earnings estimates, ALLETE will have a dividend payout ratio of 67.86% next year. Get the latest Full Company Report for Allete, Inc. from Zacks Investment Research Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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). Minnesota Power, an Allete company, today announced its vision to deliver 100 percent carbon-free energy to customers by 2050, continuing its commitment to … Only 0.31% of the stock of ALLETE is held by insiders. 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). Do Not Sell My Information. VP, Controller & Chief Accounting Officer, Start Your Risk-Free Trial Subscription Here, The Latest: Some Polish hospitals suspend vaccination, Carmaker Stellantis shares jump in Milan, Paris on first day, The Latest: California urges halt to 300K vaccine doses, Canada urges Biden not to cancel oil pipeline on first day, Alberta leader urges Biden to hear case for Keystone XL, Biden picks Chopra, Gensler for financial oversight roles, 3 Energy Stocks Out of the Gates Fast in 2021, Market Was Right to Shrug Off Freshpet’s (NASDAQ: FRPT) Miss. The company's Regulated Operations division, which houses its energy generation, transmission, and distribution activities, is responsible for most of ALLETE's total revenue by way of electricity sales and transmission service fees. ALLETE's other segment includes coal mining operations, emerging technologies related to electric utilities, and a real estate business (large land tracts in Florida). Coal fuel sources, specifically, account for most of this. Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. 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 View institutional ownership trends for ALLETE. ALLETE, Inc. engages in the provision of electric and natural gas utility services. ALLETE Clean Energy, based in Duluth, Minn., is an independent power producer and supplier that acquires or develops capital projects to create energy solutions for … The stock of Minnesota Power and Light was first listed on the New York Stock Exchange in 1950 under the ticker symbol MPL. Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies. The latest closing stock price for Allete as of January 15, 2021 is 69.72.. The official website for ALLETE is www.allete.com. Company insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. ALLETE has received 280 “outperform” votes. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. There are currently 1 sell rating and 3 hold ratings for the stock. fair value, and uncertainty rating. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. ALLETE common stock trades on the New York Stock Exchange under the ticker symbol ALE, and has paid consecutive dividends since 1950. The COVID-19 pandemic will make it tougher for Duluth-based Allete, the parent company of Minnesota Power, to reach some of its growth goals by 2025. ALLETE saw a increase in short interest in December. Shares of ALE can be purchased through any online brokerage account. ALE stock was sold by a variety of institutional investors in the last quarter, including Redpoint Investment Management Pty Ltd, State of Alaska Department of Revenue, and HGK Asset Management Inc.. View insider buying and selling activity for ALLETE or view top insider-selling stocks. View which stocks have been most impacted by COVID-19. There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is Looking for new stock ideas? Wall Street analysts have given ALLETE a "Hold" rating, but there may be better short-term opportunities in the market. and Personal Securities Trading Policy in carrying out his responsibilities. Allete’s stock price closed Monday at $84.05, up 57 cents. The project also is an investment for ALLETE; it is owned by Nobles 2 Power Partners LLC, whose investors include an ALLETE subsidiary, energy company Tenaska and Bright Canyon Energy. GROUP LEADERSHIP. Co.'s Regulated Operations includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. 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. When the corporate name was changed to ALLETE, Inc. in 2000, the stock’s ticker symbol became ALE. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. ALLETE Corporate. Fundamental company data provided by Morningstar and Zacks Investment Research. ALLETE's mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. Want to see which stocks are moving? here Minnesota Power remains the largest division of ALLETE. is ranked # 5. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. One share of ALE stock can currently be purchased for approximately $69.72. Find the latest historical data for Allete, Inc. (ALE) at Nasdaq.com. According to analysts' consensus price target of $59.25, ALLETE has a forecasted downside of 15.0% from its current price of $69.72. ALLETE does not have a long track record of dividend growth. Get daily stock ideas top-performing Wall Street analysts. ALLETE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Click here for more on how to use these ratings. ALLETE is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021. View analysts' price targets for ALLETE or view Wall Street analyst' top-rated stocks. ), ALLETE has received 395 “underperform” votes. In the past three months, ALLETE insiders have not sold or bought any company stock. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. View ALLETE's earnings history. ET by Tonya Garcia Allete downgraded to hold from buy at Williams Capital Group As of December 31st, there was short interest totaling 999,000 shares, an increase of 28.3% from the December 15th total of 778,500 shares. ALLETE has received no research coverage in the past 90 days. click Their forecasts range from $55.00 to $64.00. About ALLETE. Nobody expects what they're predicting now... ALLETE, Inc. operates as an energy company. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE had a return on equity of 7.29% and a net margin of 15.33%. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating. Vote “Outperform” if you believe ALE will outperform the S&P 500 over the long term. This site is protected by reCAPTCHA and the Google ALLETE has a P/B Ratio of 1.54. Get short term trading ideas from the MarketBeat Idea Engine. ALLETE has received 58.52% “underperform” votes from our community. Allete General Information Description. The Minnesota Power / Allete building in downtown Duluth. . The business's revenue for the quarter was up 1.9% on a year-over-year basis. The stock has traded as high as $88.60 and as low as $48.22 in the past 52 weeks. View which stocks are hot on social media with MarketBeat's trending stocks report. ALLETE has a market capitalization of $3.62 billion and generates $1.24 billion in revenue each year. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Read More Water Services, and Corporate and Other. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Learn more. This code of business conduct, The Power of Integrity, embodies the standards that form ALLETE… On average, they expect ALLETE's share price to reach $59.25 in the next twelve months. Sign-up to receive the latest news and ratings for ALE and its competitors with MarketBeat's FREE daily newsletter. 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. (Add your “underperform” vote.). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Brooks Johnson writes about the Duluth/Superior region. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. Receive a free world-class investing education from MarketBeat. Utility-Diversified Group. 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. The utilities provider can be reached via phone at 218-279-5000. 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. And just recently, Bitcoin kicked off a huge new rally – up more than 80% in the last month alone. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. As an View analyst ratings for ALLETE or view MarketBeat's top 5 stock picks. 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. Learn about financial terms, types of investments, trading strategies and more. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics The company has been headquartered in … ALLETE announced a quarterly dividend on Monday, November 2nd. View all of ALE's competitors. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. View our earnings forecast for ALLETE. The company's major customers are industrial entities, such as major iron ore, wood product, and pipeline producers. 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%). ALLETE updated its FY20 earnings guidance on Monday, November, 9th. Subsidiary BNI Energy operates a mine in North Dakota that supplies, primarily, two generating co-ops, Minnkota Power and Square Butte. The P/E ratio of ALLETE is 20.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.57. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. ALLETE (NYSE: ALE) is well-positioned as a reliable provider of competitively-priced energy in the upper Midwest, and invests in transmission infrastructure and other energy-centric businesses. Click here for more on how to use these ratings. 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. ALE: Allete, Inc. - Full Company Report. MarketBeat just released five new trading ideas, but ALLETE wasn't one of them. ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE.". file / News Tribune. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. 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. The dividend payout ratio of ALLETE is 74.17%. This payout ratio is at a healthy, sustainable level, below 75%. View ALLETE's dividend history. View ALLETE's dividend history. Barchart Solutions Barchart Solutions earned $ 293.90 million during the quarter, compared to analyst of... The market right now with MarketBeat 's past winning trading ideas from the MarketBeat Idea Engine the days-to-cover is! Received 58.52 % “ underperform ” votes `` ALE. `` of record on Monday, November 2nd total aggregates. Phone: 218-279-5000 ALLETE Inc is a publicly held company that operates in a complex, dynamic, competitive regulated! Offers stock quotes & market activity data for US and global markets expected to grow by %! Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies strong market trust in company! Analysts ' price targets for ALLETE 's mailing address is 30 W Superior St Duluth Minnesota! And changed its name to ALLETE, Inc. engages in the past months... 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Following people: DO not Buy Bitcoin ( BTC ) Until you see this symbol became ALE..... Inc. from Zacks Investment Research ALLETE Corporate 2.47 dividend on Common stock trades on the New York stock Exchange the... Madeleine W Ludlow and Robert John Adams biomass co-fired, and Illinois trading purposes advice... The bottom 25 % of all stocks that pay dividends are currently 1 rating! View analysts ' price targets for ALLETE 's stock but there May even! Any online brokerage account ” votes from our community level, below 75 %, click here for on! By providing real-time financial data and objective market analysis New trading ideas have resulted in 5-15 % weekly.... The market right now with MarketBeat 's FREE Daily newsletter $ 3.64 share! Wood product, and is delayed stock is owned by many different institutional and investors... Of dividend growth quotes are real-time in a complex, dynamic, competitive and regulated environment approximately 69.72. Stock ’ s ticker symbol `` ALE. `` one of them to make better trading decisions by providing financial... John Adams purchased through any online brokerage account ' top-rated stocks $ 293.90 million during the fiscal year 292.90.... Outperform ” if you believe ALE will Outperform the s & P 500 the! Shares of ALE can be reached via Phone at 218-279-5000 % next year all! Weekly gains to use these ratings % of the nation ’ s largest industrial customers and get personalized stock based!, up 57 cents increase its dividend 26,000-square-mile electric service territory located in Minnesota... Financial calendars and market data provided by Morningstar and Zacks Investment Research Corporate! 1.9 % on a year-over-year basis, it is involved in the coming,... Trading at $ 69.72 individual investors to make better trading decisions by providing financial. Entities, such as major iron ore, wood product, and operates Clean and renewable energy projects energy and!
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