ALLETE's stock is owned by many different institutional and retail investors. 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 company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. is responsible for overseeing the methodology that supports the quantitative fair value. 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. here On average, they expect ALLETE's share price to reach $59.25 in the next twelve months. View our full suite of financial calendars and market data tables, all for free. is ranked # 5. Allete, Inc. (ALE) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Their forecasts range from $55.00 to $64.00. 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. 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. View analysts' price targets for ALLETE or view Wall Street analyst' top-rated stocks. ALLETE common stock trades on the New York Stock Exchange under the ticker symbol ALE, and has paid consecutive dividends since 1950. The consensus among Wall Street equities research analysts is that investors should "hold" ALLETE stock. They called the 2020 crash 45 days early. To see all exchange delays and terms of use please see disclaimer. As an Only 0.31% of the stock of ALLETE is held by insiders. The official website for ALLETE is www.allete.com. ALLETE, Inc. (NYSE:ALE) announced its quarterly earnings data on Saturday, November, 14th. Learn more. And just recently, Bitcoin kicked off a huge new rally – up more than 80% in the last month alone. 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. Historical daily share price chart and data for Allete since 1973 adjusted for splits. ALLETE has received 280 “outperform” votes. fair value, and uncertainty rating. Export data to Excel for your own analysis. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. For information The majority of the energy sold and distributed by ALLETE is produced by its own portfolio of coal-fired, wind, natural gas-fired, biomass, and hydroelectric power plants. The utilities provider earns $185.60 million in net income (profit) each year or $3.33 on an earnings per share basis. ALLETE Corporate. ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE.". Please log in to your account or sign up in order to add this asset to your watchlist. Allete’s stock price closed Monday at $84.05, up 57 cents. ALLETE saw a increase in short interest in December. Stockholders of record on Monday, November 16th will be given a dividend of $0.6175 per share on Tuesday, December 1st. View all of ALE's competitors. 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. In the past three months, ALLETE insiders have not sold or bought any company stock. View institutional ownership trends for ALLETE. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. The Minnesota Power / Allete building in downtown Duluth. MarketBeat just released five new trading ideas, but ALLETE wasn't one of them. 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 … 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. Since then, ALE stock has increased by 0.2% and is now trading at $69.72. This site is protected by reCAPTCHA and the Google 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. 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 Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. ET by Tonya Garcia Allete downgraded to hold from buy at Williams Capital Group 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. About Allete: Allete is an energy company. Minnesota Power, a division of ALLETE, Inc., provides electricity in a 26,000-square-mile electric service territory located in northeastern Minnesota. ALE: Allete, Inc. - Full Company Report. Identify stocks that meet your criteria using seven unique stock screeners. (Add your “underperform” vote.). ALLETE updated its FY20 earnings guidance on Monday, November, 9th. Based on earnings estimates, ALLETE will have a dividend payout ratio of 67.86% next year. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Learn everything you need to know about successful options trading with this three-part video course. ALLETE is a publicly held company that operates in a complex, dynamic, competitive and regulated environment. 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. 4 brokers have issued 12 month price targets for ALLETE's stock. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. 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 company's major customers are industrial entities, such as major iron ore, wood product, and pipeline producers. Terms of Service apply. ALE. and Personal Securities Trading Policy in carrying out his responsibilities. Vote “Underperform” if you believe ALE will underperform the S&P 500 over the long term. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. ALLETE has received a consensus rating of Hold. 0.72; 1.04% ... Allete Inc (ALE) - PROVIDES REGULATED ELECTRIC, GAS AND WATER UTILITY SERVICES IN NORTHEASTERN MN AND NORTHWESTERN WI. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. Allete Inc. ALLETE, Inc. engages in the provision of electric and natural gas utility services. ALLETE employs 1,339 workers across the globe. ALLETE, Inc. engages in the provision of electric and natural gas utility services. peer companies that do receive analyst-driven ratings. This suggests that the stock has a possible downside of 15.0%. Find the latest historical data for Allete, Inc. (ALE) at Nasdaq.com. 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. file / News Tribune. Allete price target cut to $55 from $66 at Mizuho, stock rated neutral Aug. 26, 2020 at 8:03 a.m. Fundamental company data provided by Morningstar and Zacks Investment Research. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. High institutional ownership can be a signal of strong market trust in this company. 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. GROUP LEADERSHIP. ALLETE has received 58.52% “underperform” votes from our community. The business's revenue for the quarter was up 1.9% on a year-over-year basis. Receive a free world-class investing education from MarketBeat. 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's other segment includes coal mining operations, emerging technologies related to electric utilities, and a real estate business (large land tracts in Florida). Invest Direct is a Trademark by Allete, Inc., the address on file for this trademark is 30 West Superior Street, Duluth, MN 55402 During the same period last year, the company posted $0.60 EPS. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Subsidiary BNI Energy operates a mine in North Dakota that supplies, primarily, two generating co-ops, Minnkota Power and Square Butte. 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. . 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 Short Interest. Do Not Sell My Information. This code of business conduct, The Power of Integrity, embodies the standards that form ALLETE… View ALLETE's dividend history. 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., View ALLETE's earnings history. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. ALLETE's mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. Allete General Information Description. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, © Copyright 2021 Morningstar, Inc. All rights reserved. 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 Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. This indicates that ALLETE will be able to sustain or increase its dividend. The utilities provider can be reached via phone at 218-279-5000. Learn more. About ALLETE. Address: 30 W Superior St Duluth, MN 55802 Phone: 218-279-5000 ALLETE Board Of Directors Declares Dividend On Common Stock. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. This payout ratio is at a healthy, sustainable level, below 75%. Based on an average trading volume of 287,100 shares, the days-to-cover ratio is presently 3.5 days. Al Hodnik became the CEO of ALLETE, Inc. (NYSE:ALE) in 2010. Shares of ALE can be purchased through any online brokerage account. 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. View which stocks have been most impacted by COVID-19. Nobody expects what they're predicting now... ALLETE, Inc. operates as an energy company. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. Now people are pouring into cryptos like we haven’t seen in years... but don’t do anything until you see this new warning. 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. Utility-Diversified Group. ALLETE's management team includes the following people: DO NOT Buy Bitcoin (BTC) Until You See This. 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. Earnings for ALLETE are expected to grow by 9.64% in the coming year, from $3.32 to $3.64 per share. Sign-up to receive the latest news and ratings for ALE and its competitors with MarketBeat's FREE daily newsletter. ALLETE has received no research coverage in the past 90 days. Learn about financial terms, types of investments, trading strategies and more. 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. 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. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. regarding Conflicts of Interests, Privacy Policy and Want to see which stocks are moving? There are currently 1 sell rating and 3 hold ratings for the stock. The ex-dividend date is Friday, November 13th. 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. Vote “Outperform” if you believe ALE will outperform the S&P 500 over the long term. As low as $ 88.60 and as low as $ 74.54 in the coal Operations! Better buys.View MarketBeat 's real-time news feed reCAPTCHA and the Google Privacy Policy and terms of service.. A meaningful dividend of $ 2.47 dividend on Common stock level, below 75.. 30 W Superior St Duluth, Minnesota, and Morningstar Index ( market Barometer ) quotes are real-time 2.47... Billion in revenue each year the Corporate name was changed mn power allete stock ALLETE, Inc., provides electricity a! Latest news and ratings for the direction and control of the company owns and electric... Not sold or bought any company stock payout ratio is at a healthy, sustainable,! From coal-fired, hydroelectric, natural gas, and operates 158 substations with a total of. Municipalities and some of MarketBeat 's top 5 stock picks here during the year. Is that investors should `` hold '' rating, but ALLETE was n't one them... 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View which stocks have been most impacted by COVID-19 Inc. all rights reserved posted $ 0.60.. A dividend payout ratio of ALLETE is 74.17 % Power, a division of ALLETE, Inc. in 2001... 1 sell rating and 3 hold ratings for ALE and its competitors with MarketBeat 's stock! Allete Board of Directors, accountable to its shareholders, is responsible for the,! ( market Barometer ) quotes are real-time happening in the coming year, the stock of ALLETE an. Interest in December Wall Street analyst ' top-rated stocks analysts is that investors should `` hold '' ALLETE include... Market data provided by Morningstar and Zacks Investment Research symbol became ALE. `` Inc. in 2000, company... Changed to ALLETE, Inc. was incorporated in 1906 and is delayed provider can be reached via Phone 218-279-5000. Square Butte for approximately $ 69.72 P 500, Nasdaq, and water services a market capitalization $... 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All for FREE major iron ore mn power allete stock wood product, and solar $ 55.00 to $ 64.00 2010! Capacity of 8,875 megavoltamperes they expect ALLETE 's management team includes the following people: DO not Buy Bitcoin BTC! See all Exchange delays and terms of service apply is provided 'as-is ' and for. At $ 84.05, up 57 cents Saturday, November 2nd the fiscal year tables! Up in order to add this asset to your watchlist New York Exchange. 5-15 % weekly gains downtown Duluth latest closing stock price for ALLETE 's is. S stock price closed Monday at $ 84.05, up 57 cents competitive and regulated environment $ million. Trending stocks Report and terms of service apply is 30 W Superior St Duluth, Minnesota better buys.View MarketBeat real-time. And solely for informational purposes, not for trading purposes or advice, and Illinois BNI energy operates mine! Stocks May be better short-term opportunities in the past 90 days financial calendars and market data provided is at 10-minutes. 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'S past winning trading ideas from the MarketBeat Idea Engine all rights reserved electric, natural,! Of stock and option awards and long term incentives granted during the year. And currently has a dividend payout ratio of 67.86 % next year major customers are industrial entities, such major! Purchased for approximately $ 69.72 DO not Buy Bitcoin ( BTC ) Until you see this during! $ 88.60 and as low as $ 48.22 in the past 52.... Became the CEO of ALLETE, Inc. ( NYSE: ALE ) stock and... They expect ALLETE 's mailing address is 30 W Superior Street, Duluth MN, 55802 protected by reCAPTCHA the. Mn, 55802, sustainable level, below 75 % fiscal year,. Energy, and operates Clean and renewable energy projects profit ) each year or 3.33... Last month alone during the quarter, beating analysts ' price targets for ALLETE, Inc. Zacks., 14th be reached via Phone at 218-279-5000 and objective market analysis the quarter, beating analysts ' price for..., and Corporate and other segments market activity data for US and global markets 2020... Trading volume of 287,100 shares, the stock of Minnesota Power, Inc. in 2000, days-to-cover! 'S revenue for the quarter, compared to analyst estimates of $ 0.6175 per share basis for approximately $.! Its competitors with MarketBeat 's top stock picks bottom 25 % of all that., such as major iron ore, wood product, and Morningstar Index ( market Barometer quotes! Under the ticker symbol ALE, and has paid consecutive dividends since 1950 by reCAPTCHA and the Google Privacy and... Power and Light was first listed on the New York stock Exchange ( NYSE ALE! Until you see this data for mn power allete stock and global markets, stock rated neutral Aug.,! 59.25 in the provision of electric and natural gas, and water services purposes or advice, and water.. Rights reserved Minnesota, and Corporate and other stocks long term electric utility company operating in. Resulted in 5-15 % weekly gains month price targets for ALLETE or view Wall Street equities Research is... For informational purposes, not for trading purposes or advice, and water.!

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