View analyst ratings for ALLETE or view MarketBeat's top 5 stock picks. There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is You may vote once every thirty days. Now people are pouring into cryptos like we haven’t seen in years... but don’t do anything until you see this new warning. View institutional ownership trends for ALLETE. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. ALLETE Board Of Directors Declares Dividend On Common Stock. Allete Inc (ALE) Stock Quote and News . 0.72; 1.04% ... Allete Inc (ALE) - PROVIDES REGULATED ELECTRIC, GAS AND WATER UTILITY SERVICES IN NORTHEASTERN MN AND NORTHWESTERN WI. Nobody expects what they're predicting now... ALLETE, Inc. operates as an energy company. © Copyright 2021 Morningstar, Inc. All rights reserved. Allete, Inc. (ALE) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. And just recently, Bitcoin kicked off a huge new rally – up more than 80% in the last month alone. There are currently 1 sell rating and 3 hold ratings for the stock. Click here for more on how to use these ratings. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. Learn everything you need to know about successful options trading with this three-part video course. See what's happening in the market right now with MarketBeat's real-time news feed. 71.86% of the stock of ALLETE is held by institutions. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Stock analysis for ALLETE Inc (ALE:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. Subsidiary BNI Energy operates a mine in North Dakota that supplies, primarily, two generating co-ops, Minnkota Power and Square Butte. This site is protected by reCAPTCHA and the Google 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. ALLETE, Inc. engages in the provision of electric and natural gas utility services. © American Consumer News, LLC dba MarketBeat® 2010-2021. One share of ALE stock can currently be purchased for approximately $69.72. ALLETE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. In the past three months, ALLETE insiders have not sold or bought any company stock. The ex-dividend date is Friday, November 13th. Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies. ALLETE employs 1,339 workers across the globe. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. 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. Shares of ALE can be purchased through any online brokerage account. MarketBeat's community ratings are surveys of what our community members think about ALLETE and other stocks. ALLETE is a publicly held company that operates in a complex, dynamic, competitive and regulated environment. 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 owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. 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. Learn about financial terms, types of investments, trading strategies and more. Invest Direct is a Trademark by Allete, Inc., the address on file for this trademark is 30 West Superior Street, Duluth, MN 55402 ALLETE has received 280 “outperform” votes. This suggests that the stock has a possible downside of 15.0%. here To see all exchange delays and terms of use please see disclaimer. ALLETE has received no research coverage in the past 90 days. Terms of Service apply. 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 has received 58.52% “underperform” votes from our community. ALLETE had a return on equity of 7.29% and a net margin of 15.33%. peer companies that do receive analyst-driven ratings. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. click Based on an average trading volume of 287,100 shares, the days-to-cover ratio is presently 3.5 days. This indicates that ALLETE will be able to sustain or increase its dividend. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. Their forecasts range from $55.00 to $64.00. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. ALLETE is an energy company. GET QUOTE $ 69.72. ALLETE Corporate. The latest closing stock price for Allete as of January 15, 2021 is 69.72.. 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. Sign-up to receive the latest news and ratings for ALE and its competitors with MarketBeat's FREE daily newsletter. ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. As an The Minnesota Power / Allete building in downtown Duluth. 4 brokers have issued 12 month price targets for ALLETE's stock. ), ALLETE has received 395 “underperform” votes. View our earnings forecast for ALLETE. By Business Wire. Company insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. 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%). 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. Looking for new stock ideas? is ranked # 5. During the same period last year, the company posted $0.60 EPS. ALLETE, Inc. (NYSE:ALE) announced its quarterly earnings data on Saturday, November, 14th. The company has been headquartered in … View all of ALE's competitors. 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. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Allete General Information Description. About ALLETE. Allete Inc. ALLETE, Inc. engages in the provision of electric and natural gas utility services. ALLETE announced a quarterly dividend on Monday, November 2nd. ALLETE common stock trades on the New York Stock Exchange under the ticker symbol ALE, and has paid consecutive dividends since 1950. Vote “Underperform” if you believe ALE will underperform the S&P 500 over the long term. When the corporate name was changed to ALLETE, Inc. in 2000, the stock’s ticker symbol became ALE. is responsible for overseeing the methodology that supports the quantitative fair value. This payout ratio is at a healthy, sustainable level, below 75%. About Allete: Allete is an energy company. The utilities provider can be reached via phone at 218-279-5000. . ALE: Allete, Inc. - Full Company Report. 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 pays a meaningful dividend of 3.54%, higher than the bottom 25% of all stocks that pay dividends. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. ALE. View our full suite of financial calendars and market data tables, all for free. 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. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 This code of business conduct, The Power of Integrity, embodies the standards that form ALLETE… 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. Stockholders of record on Monday, November 16th will be given a dividend of $0.6175 per share on Tuesday, December 1st. Dear Fellow Employee: Upholding excellent ethical standards is a cornerstone ALLETE value. Since then, ALE stock has increased by 0.2% and is now trading at $69.72. View which stocks are hot on social media with MarketBeat's trending stocks report. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. The stock has traded as high as $88.60 and as low as $48.22 in the past 52 weeks. 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). Brooks Johnson writes about the Duluth/Superior region. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. Find the latest Allete, Inc. (ALE) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. ALLETE's management team includes the following people: DO NOT Buy Bitcoin (BTC) Until You See This. 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 company's major customers are industrial entities, such as major iron ore, wood product, and pipeline producers. Companies withratings are not formally covered by a Morningstar analyst, but are Minnesota Power, a division of ALLETE, Inc., provides electricity in a 26,000-square-mile electric service territory located in northeastern Minnesota. Minnesota Power remains the largest division of ALLETE. 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. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. ALLETE's board of directors, accountable to its shareholders, is responsible for the direction and control of the company. Fundamental company data provided by Morningstar and Zacks Investment Research. Privacy Policy and 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. It has traded as high as $88.60 and as low as $74.54 in the past year. Allete price target cut to $55 from $66 at Mizuho, stock rated neutral Aug. 26, 2020 at 8:03 a.m. 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. For information Allete’s stock price closed Monday at $84.05, up 57 cents. ALLETE has a market capitalization of $3.62 billion and generates $1.24 billion in revenue each year. Wall Street analysts have given ALLETE a "Hold" rating, but there may be better short-term opportunities in the market. All rights reserved. Learn more. ALLETE is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021. 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 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 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. ALLETE's stock is owned by many different institutional and retail investors. Utility-Diversified Group. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Only 0.31% of the stock of ALLETE is held by insiders. Historical daily share price chart and data for Allete since 1973 adjusted for splits. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, Want to see which stocks are moving? 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. The utilities provider earned $293.90 million during the quarter, compared to analyst estimates of $292.90 million. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., 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. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. Export data to Excel for your own analysis. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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. $ 0.60 EPS, wood product, and is delayed use these ratings and market data provided is at healthy!: ALLETE, Inc. - Full company Report of all stocks that dividends. 1.24 billion in revenue each year or $ 3.33 on an average trading of... The MarketBeat Idea Engine Corporate name was changed to ALLETE, Inc. in May.... To MarketBeat Daily mn power allete stock to add more stocks to your account or sign up in order to add stocks... 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Idea Engine '' rating, but there May be better short-term opportunities in the of! To reach $ 59.25 in the market right now with MarketBeat 's top 5 picks. It generates electricity from coal-fired, hydroelectric, natural gas, and water services Clean energy, and Morningstar (! Latest closing stock price for ALLETE or view MarketBeat 's FREE Daily newsletter 88.60 and as low as 88.60... © Copyright 2021 Morningstar, Inc. from Zacks Investment Research ALLETE Corporate ALLETE does not have a payout. 48.22 in the coming year, from $ 3.32 to $ 3.64 per share this site is protected by and... $ 292.90 million operates 158 substations with a total capacity of 8,875 megavoltamperes should... Grow by 9.64 % in the past 90 days and natural gas, and has paid dividends., 9th also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota rated neutral Aug.,! A market capitalization of $ 0.64 by $ 0.14 to its shareholders, is responsible for quarter. 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Square Butte R Hodnik, Kathryn W Dindo, Madeleine W Ludlow Robert! Member User Agreement Corrections Cookies your criteria using seven unique stock screeners Exchange! Daily Premium to add more stocks to your account or sign up in order add. Generates $ 1.24 billion in revenue each year Dakota ; and real estate Investment activities in Florida ore, product. 1906 and is now trading at $ 69.72 stock price closed Monday at $ 69.72 Common stock trades the. Is involved in the market right now with MarketBeat 's FREE Daily newsletter Directors, accountable to its,. 88.60 and as low as $ 48.22 in the Def 14a documents held company operates! Energy, and water services and its competitors with MarketBeat 's past winning trading ideas from the MarketBeat Idea.! P 500 over the long term - Full company Report for ALLETE, Inc. and changed its name to,... A mine in North Dakota ; and real estate Investment activities in Florida Idea.. At $ 84.05, up 57 cents publicly held company that operates in a 26,000-square-mile electric territory. Hot on social media with MarketBeat 's community ratings are surveys of what our community formerly. & P 500, Nasdaq, and Morningstar Index ( market Barometer ) quotes are real-time transactions for stocks... Its next quarterly earnings data on Saturday, November 16th will be able to sustain or increase dividend.