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Market Cap 3.30B P/E 18.23 EPS this Y 8.90% Ern Qtrly Grth 37.00%
Income 195.1M Forward P/E 14.22 EPS next Y 10.30% 50D Avg Chg -2.00%
Sales 1.91B PEG 1.86 EPS past 5Y 1.99% 200D Avg Chg -6.00%
Dividend 5.00% Price/Book 1.22 EPS next 5Y 8.10% 52W High Chg -15.00%
Recommedations 2.90 Quick Ratio 0.45 Shares Outstanding 57.40M 52W Low Chg 21.00%
Insider Own 0.34% ROA 1.65% Shares Float 57.24M Beta 0.73
Inst Own 78.30% ROE 4.23% Shares Shorted/Prior 782.13K/651.39K Price 57.60
Gross Margin 24.94% Profit Margin 10.20% Avg. Volume 272,679 Target Price 62.67
Oper. Margin 9.26% Earnings Date Nov 7 Volume 274,120 Change 1.11%
About Allete, Inc.

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,300 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 162 substations with a total capacity of 10,116 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. The company was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Allete, Inc. News
09/20/23 The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence
09/14/23 5 Low-Leverage Stocks to Buy as U.S. Consumer Price Rises
09/11/23 ALE or IBDRY: Which Is the Better Value Stock Right Now?
09/11/23 Here's Why You Should Add ALLETE (ALE) to Your Portfolio Now
08/23/23 Investors in ALLETE (NYSE:ALE) have unfortunately lost 9.3% over the last five years
08/09/23 Only Four Days Left To Cash In On ALLETE's (NYSE:ALE) Dividend
08/08/23 Q2 2023 ALLETE Inc Earnings Call
08/08/23 Allete (ALE) Q2 Earnings and Revenues Top Estimates
08/08/23 ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share
08/04/23 Minnesota Power, Great River Energy Advance Joint 345-kV Transmission Line Project with Application for Certificate of Need, Route Permit
08/03/23 Alliant Energy (LNT) Beats Q2 Earnings Estimates
08/03/23 What Will Global Partners' (GLP) Q2 Earnings Unveil?
08/02/23 Can Cheniere Energy (LNG) Maintain Its Earnings Beat Run in Q2?
08/02/23 Entergy (ETR) Surpasses Q2 Earnings Estimates
08/01/23 Southern Company (SO) Q2 Earnings on Deck: What to Expect
07/31/23 ALLETE Board of Directors declares dividend on common stock
07/27/23 CMS Energy (CMS) Beats Q2 Earnings Estimates
05:30 AM ALLETE Clean Energy adds new customer segment through power purchase agreement with Seattle City Light
07/07/23 ALLETE to announce second quarter financial results August 8
07/05/23 ALLETE, Inc.'s (NYSE:ALE) Dismal Stock Performance Reflects Weak Fundamentals
ALE Chatroom

User Image Stock_Titan Posted - 5 days ago

$ALE DSD Acquires 15 MW Community Solar Portfolio from New Energy Equity in Minnesota https://www.stocktitan.net/news/ALE/dsd-acquires-15-mw-community-solar-portfolio-from-new-energy-equity-qtrgjmvk22qs.html

User Image Financhill Posted - 2 weeks ago

$ALE is rated a Sell since June 8, 2023 and is 32% below its median level.

User Image KingSasquatchDave Posted - 3 weeks ago

My algo's top long picks for tomorrow: $SJW, Conf: 93.26% $XNCR, Conf: 93.25% $O, Conf: 93.24% $ALE, Conf: 93.23% $FATE, Conf: 93.18%

User Image KingSasquatchDave Posted - 3 weeks ago

Top long picks for next week: $SJW, Conf: 93.26% $XNCR, Conf: 93.25% $O, Conf: 93.24% $ALE, Conf: 93.23% $FATE, Conf: 93.18%

User Image risenhoover Posted - 08/31/23

$ALE ALE / Allete, Inc. Price Target Updated https://fintel.io/sfo/us/ale?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=pricetarget

User Image STCKPRO Posted - 08/30/23

$ALE NEW ARTICLE : Allete: A Potential Buy In Renewable Energy https://www.stck.pro/news/ALE/60228895/

User Image FaTKaT69 Posted - 08/29/23

$GOEV It’s on $ale again 🤑 Time to $tack 🤲

User Image KingSasquatchDave Posted - 1 month ago

My algo's top long picks for tomorrow: $EL, Conf: 89.54% $ALE, Conf: 89.91% $DDL, Conf: 90.15% $ORA, Conf: 90.94% $UGI, Conf: 91.36%

User Image MarketBeat Posted - 1 month ago

ALLETE initiated by StockNews.com at hold. www.marketbeat.com/stocks/NYSE/ALE/price-target/ $ALE

User Image StockAutomatePro Posted - 1 month ago

$ALE The chart is showing a bearish outlook for the stock. We alerted the SELL signal at $56.7 and we were able to close this one with profit at $55.72 🔏

User Image MarketBeat Posted - 1 month ago

ALLETE's PT cut by Mizuho to $58.00. www.marketbeat.com/stocks/NYSE/ALE/price-target/ $ALE

User Image cctranscripts Posted - 1 month ago

Check out remarks suggested on $ALE earnings call transcript https://conferencecalltranscripts.com/summary/?id=520952&pr=true

User Image STCKPRO Posted - 1 month ago

$ALE NEW ARTICLE : ALLETE, Inc. (ALE) Q2 2023 Earnings Call Transcript https://www.stck.pro/news/ALE/58388845/

User Image EarningsInsider Posted - 1 month ago

$ALE updates FY14 guidance to $3.55-$3.85 EPS. www.marketbeat.com/stocks/NYSE/ALE/earnings/

User Image otcdynamics Posted - 1 month ago

$ALE ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share https://www.otcdynamics.com/ale-allete-inc-reports-second-quarter-earnings-of-90-cents-per-share-reaffirms-2023-earnings-guidance-range-of-3-55-to-3-85-per-share

User Image otcdynamics Posted - 1 month ago

$ALE ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share https://www.otcdynamics.com/ale-allete-inc-reports-second-quarter-earnings-of-90-cents-per-share-reaffirms-2023-earnings-guidance-range-of-3-55-to-3-85-per-share

User Image Last10K Posted - 1 month ago

Last10K highlighted 52 positive and negative remarks in the $ALE 10-Q filed today. See them in the Quarterly Report: https://last10k.com/sec-filings/ALE/0000066756-23-000040.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=sentiment&utm_term=ale

User Image STCKPRO Posted - 1 month ago

$ALE NEW ARTICLE : ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share https://www.stck.pro/news/ALE/58358578/

User Image Last10K Posted - 1 month ago

$ALE just filed a 10-Q Quarterly Report with 8 financial statements and 40 disclosures. Access them all or just read their earnings: https://last10k.com/sec-filings/ale/0000066756-23-000040.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=10KQ2040F&utm_term=ale

User Image epsguid Posted - 1 month ago

$ALE reported earnings of $0.90, consensus was $0.78 via @eWhispers #epsbeat http://eps.sh/d/ale

User Image Stonkmoon Posted - 1 month ago

$ALE 2023-08-08 06:30 ET ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share https://stonkmoon.com/news/ALE/490d6e899cde52e82d1d2563ffa0ab7e

User Image Quantisnow Posted - 1 month ago

$ALE 📰 ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share https://quantisnow.com/i/4858455?utm_source=stocktwits Get the next market-moving insight 45 seconds early at ➡️ https://quantisnow.com/feed ⬅️

User Image Stock_Titan Posted - 1 month ago

$ALE ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share https://www.stocktitan.net/news/ALE/allete-inc-reports-second-quarter-earnings-of-90-cents-per-share-lzw6ntwxilce.html #earnings

User Image risenhoover Posted - 1 month ago

$ALE / Allete files form 10-Q https://fintel.io/sf/us/ale?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=filing

User Image STCKPRO Posted - 1 month ago

$ALE NEW ARTICLE : ALLETE Q2 2023 Earnings Preview https://www.stck.pro/news/ALE/58303994/

User Image otcdynamics Posted - 1 month ago

$ALE Minnesota Power, Great River Energy Advance Joint 345-kV Transmission Line Project with Application for Certificate of Need, Route Permit https://www.otcdynamics.com/ale-minnesota-power-great-river-energy-advance-joint-345-kv-transmission-line-project-with-application-for-certificate-of-need-route-permit

User Image Quantisnow Posted - 1 month ago

$ALE 📰 Minnesota Power, Great River Energy Advance Joint 345-kV Transmission Line Project with Application for Certificate of Need, Route Permit https://quantisnow.com/i/4846375?utm_source=stocktwits 45 seconds delayed.

User Image Stock_Titan Posted - 1 month ago

$ALE Minnesota Power, Great River Energy Advance Joint 345-kV Transmission Line Project with Application for Certificate of Need, Route Permit https://www.stocktitan.net/news/ALE/minnesota-power-great-river-energy-advance-joint-345-k-v-px1dwwypkbdy.html

User Image risenhoover Posted - 1 month ago

$ALE ALE / Allete, Inc. Price Target Updated https://fintel.io/sfo/us/ale?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=pricetarget

User Image MarketBeat Posted - 1 month ago

ALLETE announces Quarterly dividend of $0.678. Payable on 9/1/2023. 4.72% Yield. www.marketbeat.com/stocks/NYSE/ALE/dividend/ $ALE

Analyst Ratings
Mizuho Neutral Jul 21, 23
Guggenheim Sell Jul 7, 23
B of A Securities Underperform Jun 27, 23
B of A Securities Neutral May 5, 23
Sidoti & Co. Buy Apr 6, 23
Wells Fargo Equal-Weight Jan 30, 23
Mizuho Neutral Jan 24, 23
Guggenheim Sell Jan 23, 23
Wells Fargo Equal-Weight Dec 14, 22