It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. 71.86% of the stock of ALLETE is held by institutions. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. View all of ALE's competitors. The ex-dividend date is Friday, November 13th. View institutional ownership trends for ALLETE. ALLETE Corporate. 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 market average P/E ratio of about 21.57. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. Companies withratings are not formally covered by a Morningstar analyst, but are Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Company insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. ET by Tonya Garcia Allete downgraded to hold from buy at Williams Capital Group There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. Stock analysis for ALLETE Inc (ALE:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. View our earnings forecast for ALLETE. ALLETE pays a meaningful dividend of 3.54%, higher than the bottom 25% of all stocks that pay dividends. View ALLETE's earnings history. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. ALLETE does not have a long track record of dividend growth. is responsible for overseeing the methodology that supports the quantitative fair value. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. 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. 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 … 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). Looking for new stock ideas? Shares of ALE can be purchased through any online brokerage account. 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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 official website for ALLETE is www.allete.com. 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). click ALLETE has received 58.52% “underperform” votes from our community. This code of business conduct, The Power of Integrity, embodies the standards that form ALLETE… ALLETE updated its FY20 earnings guidance on Monday, November, 9th. Minnesota Power, a division of ALLETE, Inc., provides electricity in a 26,000-square-mile electric service territory located in northeastern Minnesota. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. ALLETE announced a quarterly dividend on Monday, November 2nd. 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. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. GET QUOTE $ 69.72. This site is protected by reCAPTCHA and the Google ALLETE's stock is owned by many different institutional and retail investors. Vote “Underperform” if you believe ALE will underperform the S&P 500 over the long term. ALLETE's board of directors, accountable to its shareholders, is responsible for the direction and control of the company. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. During the same period last year, the company posted $0.60 EPS. 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. ALLETE has received a consensus rating of Hold. This represents a $2.47 dividend on an annualized basis and a yield of 3.54%. ), ALLETE has received 395 “underperform” votes. 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 280 “outperform” votes. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. The business's revenue for the quarter was up 1.9% on a year-over-year basis. Only 0.31% of the stock of ALLETE is held by insiders. ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. © Copyright 2021 Morningstar, Inc. All rights reserved. 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. Al Hodnik became the CEO of ALLETE, Inc. (NYSE:ALE) in 2010. The utilities provider earns $185.60 million in net income (profit) each year or $3.33 on an earnings per share basis. 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's mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, When the corporate name was changed to ALLETE, Inc. in 2000, the stock’s ticker symbol became ALE. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. ALLETE is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021. ALLETE has received no research coverage in the past 90 days. is ranked # 5. Allete Inc (ALE) Stock Quote and News . ALLETE, Inc. (NYSE:ALE) announced its quarterly earnings data on Saturday, November, 14th. Fundamental company data provided by Morningstar and Zacks Investment Research. 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. This suggests that the stock has a possible downside of 15.0%. ALLETE pays an annual dividend of $2.47 per share and currently has a dividend yield of 3.54%. file / News Tribune. 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%). 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. Terms of Service apply. ALE. Historical daily share price chart and data for Allete since 1973 adjusted for splits. By Business Wire. © American Consumer News, LLC dba MarketBeat® 2010-2021. Earnings for ALLETE are expected to grow by 9.64% in the coming year, from $3.32 to $3.64 per share. The company has been headquartered in … Vote “Outperform” if you believe ALE will outperform the S&P 500 over the long term. 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. Find the latest Allete, Inc. (ALE) stock quote, history, news and other vital information to help you with your stock trading and investing. GROUP LEADERSHIP. Minnesota Power, an Allete company, today announced its vision to deliver 100 percent carbon-free energy to customers by 2050, continuing its commitment to … And just recently, Bitcoin kicked off a huge new rally – up more than 80% in the last month alone. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating. ALLETE, Inc. engages in the provision of electric and natural gas utility services. Dear Fellow Employee: Upholding excellent ethical standards is a cornerstone ALLETE value. 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. The latest closing stock price for Allete as of January 15, 2021 is 69.72.. 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. Coal fuel sources, specifically, account for most of this. The dividend payout ratio of ALLETE is 74.17%. Find the latest historical data for Allete, Inc. (ALE) at Nasdaq.com. Learn everything you need to know about successful options trading with this three-part video course. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. Invest Direct is a Trademark by Allete, Inc., the address on file for this trademark is 30 West Superior Street, Duluth, MN 55402 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. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. Their forecasts range from $55.00 to $64.00. The dividend payout ratio of ALLETE is 74.17%. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE employs 1,339 workers across the globe. 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. View our full suite of financial calendars and market data tables, all for free. View ALLETE's dividend history. There are currently 1 sell rating and 3 hold ratings for the stock. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 See what's happening in the market right now with MarketBeat's real-time news feed. MarketBeat just released five new trading ideas, but ALLETE wasn't one of them. Export data to Excel for your own analysis. 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. ALLETE's other segment includes coal mining operations, emerging technologies related to electric utilities, and a real estate business (large land tracts in Florida). 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. High institutional ownership can be a signal of strong market trust in this company. Identify stocks that meet your criteria using seven unique stock screeners. They called the 2020 crash 45 days early. 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