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This indicates that ALLETE will be able to sustain or increase its dividend. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. and Personal Securities Trading Policy in carrying out his responsibilities. View our full suite of financial calendars and market data tables, all for free. ALLETE has received no research coverage in the past 90 days. View ALLETE's dividend history. ALLETE, Inc. engages in the provision of electric and natural gas utility services. Based on an average trading volume of 287,100 shares, the days-to-cover ratio is presently 3.5 days. ALLETE's mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. (Add your “underperform” vote.). The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating. Company insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. Stock analysis for ALLETE Inc (ALE:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. When the corporate name was changed to ALLETE, Inc. in 2000, the stock’s ticker symbol became ALE. Allete Inc. ALLETE, Inc. engages in the provision of electric and natural gas utility services. This payout ratio is at a healthy, sustainable level, below 75%. There are currently 1 sell rating and 3 hold ratings for the stock. ALLETE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The stock of Minnesota Power and Light was first listed on the New York Stock Exchange in 1950 under the ticker symbol MPL. By Business Wire. This indicates that ALLETE will be able to sustain or increase its dividend. Address: 30 W Superior St Duluth, MN 55802 Phone: 218-279-5000 View ALLETE's Short Interest. Find the latest historical data for Allete, Inc. (ALE) at Nasdaq.com. In the past three months, ALLETE insiders have not sold or bought any company stock. ALE: Allete, Inc. - Full Company Report. 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. 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). Allete, Inc. (ALE) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Only 0.31% of the stock of ALLETE is held by insiders. Is the Beyond Meat (NASDAQ: BYND) Rally Sustainable? The utilities provider earned $293.90 million during the quarter, compared to analyst estimates of $292.90 million. Minnesota Power remains the largest division of ALLETE. Subsidiary BNI Energy operates a mine in North Dakota that supplies, primarily, two generating co-ops, Minnkota Power and Square Butte. Allete’s stock price closed Monday at $84.05, up 57 cents. You may vote once every thirty days. For information During the same period last year, the company posted $0.60 EPS. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Read More Water Services, and Corporate and Other. 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. 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). 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%). According to analysts' consensus price target of $59.25, ALLETE has a forecasted downside of 15.0% from its current price of $69.72. View ALLETE's earnings history. Invest Direct is a Trademark by Allete, Inc., the address on file for this trademark is 30 West Superior Street, Duluth, MN 55402 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 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. is ranked # 5. About Allete: Allete is an energy company. file / News Tribune. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics Dear Fellow Employee: Upholding excellent ethical standards is a cornerstone ALLETE value. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE saw a increase in short interest in December. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. © Copyright 2021 Morningstar, Inc. All rights reserved. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. Minnesota Power, a division of ALLETE, Inc., provides electricity in a 26,000-square-mile electric service territory located in northeastern Minnesota. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. regarding Conflicts of Interests, 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Do Not Sell My Information. . This code of business conduct, The Power of Integrity, embodies the standards that form ALLETE… The utilities provider can be reached via phone at 218-279-5000. The official website for ALLETE is www.allete.com. 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.". Brooks Johnson writes about the Duluth/Superior region. Historical daily share price chart and data for Allete since 1973 adjusted for splits. Companies withratings are not formally covered by a Morningstar analyst, but are 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. Stockholders of record on Monday, November 16th will be given a dividend of $0.6175 per share on Tuesday, December 1st. Allete Inc (ALE) Stock Quote and News . Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. Get daily stock ideas top-performing Wall Street analysts. 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). 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. ET by Tonya Garcia Allete downgraded to hold from buy at Williams Capital Group The company's major customers are industrial entities, such as major iron ore, wood product, and pipeline producers. View analyst ratings for ALLETE or view MarketBeat's top 5 stock picks. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Terms of Service apply. Learn more. ALLETE's management team includes the following people: DO NOT Buy Bitcoin (BTC) Until You See This. Shares of ALE can be purchased through any online brokerage account. ALLETE pays a meaningful dividend of 3.54%, higher than the bottom 25% of all stocks that pay dividends. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. It has traded as high as $88.60 and as low as $74.54 in the past year. 71.86% of the stock of ALLETE is held by institutions. This suggests that the stock has a possible downside of 15.0%. 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. 0.72; 1.04% ... Allete Inc (ALE) - PROVIDES REGULATED ELECTRIC, GAS AND WATER UTILITY SERVICES IN NORTHEASTERN MN AND NORTHWESTERN WI. ), ALLETE has received 395 “underperform” votes. ALLETE has received 58.52% “underperform” votes from our community. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, The dividend payout ratio of ALLETE is 74.17%. 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. ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. click View which stocks are hot on social media with MarketBeat's trending stocks report. is responsible for overseeing the methodology that supports the quantitative fair value. 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. 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 Corporate. 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 General Information Description. © American Consumer News, LLC dba MarketBeat® 2010-2021. Wall Street analysts have given ALLETE a "Hold" rating, but there may be better short-term opportunities in the market. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. Learn about financial terms, types of investments, trading strategies and more. Identify stocks that meet your criteria using seven unique stock screeners. Utility-Diversified Group. here ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. As an ALLETE is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021. The Minnesota Power / Allete building in downtown Duluth. 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 price target cut to $55 from $66 at Mizuho, stock rated neutral Aug. 26, 2020 at 8:03 a.m. ALLETE updated its FY20 earnings guidance on Monday, November, 9th. Learn everything you need to know about successful options trading with this three-part video course. GROUP LEADERSHIP. GET QUOTE $ 69.72. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. Minnesota Power, an Allete company, today announced its vision to deliver 100 percent carbon-free energy to customers by 2050, continuing its commitment to … Learn more. Since then, ALE stock has increased by 0.2% and is now trading at $69.72. 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. Fundamental company data provided by Morningstar and Zacks Investment Research. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. This payout ratio is at a healthy, sustainable level, below 75%. 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. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. 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. Get short term trading ideas from the MarketBeat Idea Engine. peer companies that do receive analyst-driven ratings. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. 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