ALE Stock Performance, Insider Transaction and News

ALE - Allete, Inc.

Market Cap	3.30B	P/E	18.23	EPS this Y	-10.70%	Ern Qtrly Grth	-0.40%
Income	247.1M	Forward P/E	14.22	EPS next Y	9.10%	50D Avg Chg	-2.00%
Sales	1.88B	PEG	1.93	EPS past 5Y	2.50%	200D Avg Chg	-6.00%
Dividend	5.00%	Price/Book	1.22	EPS next 5Y	8.10%	52W High Chg	-15.00%
Recommedations	2.70	Quick Ratio	0.55	Shares Outstanding	57.67M	52W Low Chg	21.00%
Insider Own	0.42%	ROA	1.76%	Shares Float	57.38M	Beta	0.75
Inst Own	78.86%	ROE	5.30%	Shares Shorted/Prior	1.29M/1.22M	Price	57.60
Gross Margin	26.06%	Profit Margin	13.15%	Avg. Volume	272,679	Target Price	60.77
Oper. Margin	10.65%	Earnings Date	May 9	Volume	274,120	Change	1.11%

Utilities | Utilities - Diversified | United States

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. In addition, 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. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company 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. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Allete, Inc. News

04/17/24	New Strong Sell Stocks for April 17th
04/16/24	ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
04/13/24	ALLETE, Inc. (NYSE:ALE) is favoured by institutional owners who hold 77% of the company
04/12/24	ALLETE to Announce First Quarter Financial Results May 9
03/27/24	The past five years for ALLETE (NYSE:ALE) investors has not been profitable
03/25/24	Ameren's (AEE) Missouri Arm Gets Nod for 400MW Solar Project
03/12/24	Sidoti Events, LLC's Virtual March Small-Cap Conference
03/11/24	Returns On Capital Signal Tricky Times Ahead For ALLETE (NYSE:ALE)
02/27/24	New Energy Equity announces Tim Ahrens as Senior Vice President of Development
05:08 AM	ALLETE, Inc. Just Beat Revenue By 6.3%: Here's What Analysts Think Will Happen Next
02/21/24	ALLETE, Inc. (NYSE:ALE) Q4 2023 Earnings Call Transcript
02/20/24	Q4 2023 ALLETE Inc Earnings Call
02/20/24	Allete (ALE) Misses Q4 Earnings and Revenue Estimates
02/20/24	ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment plan over the next five years
02/19/24	3 Solid Dividend Stocks Offering Up To 5.6% Yield
02/15/24	Minnesota Power advances EnergyForward with request for proposals for up to 400 megawatts of wind energy
02/09/24	ALLETE, Inc. (NYSE:ALE) Will Pay A US$0.705 Dividend In Four Days
02/07/24	ALLETE to announce 2023 financial results on February 20
02/07/24	New Energy Equity names Jackie Chambers as chief investment officer
01/29/24	ALLETE's (NYSE:ALE) Upcoming Dividend Will Be Larger Than Last Year's

ALE Chatroom

StockInvest_us Posted - 3 days ago

Signal alert: $ALE - GoldenStar https://stockinvest.us/l/ULVkK4GuAB

Stock_Titan Posted - 1 week ago

$ALE ALLETE to Announce First Quarter Financial Results May 9 https://www.stocktitan.net/news/ALE/allete-to-announce-first-quarter-financial-results-may-8t2c682f2lxj.html

StockInvest_us Posted - 1 week ago

Signal alert: $ALE - Double Top https://stockinvest.us/l/6N7qvwXxyD

UncleStock Posted - 2 weeks ago

$GNE $OTTR $ALE $AGR suggested for Electricity - value screen: https://zpr.io/HKQYL

StockInvest_us Posted - 2 weeks ago

Signal alert: $ALE - GoldenStar https://stockinvest.us/l/KvragjiefA

KenFaulkenberry Posted - 03/24/24

Highest Yielding Utilities in each Dividend Value Builder Risk/Stability grade: Symbol - Company Name (Risk/Stability Grade) - Yield None (A) $AWR - American States Water (B) - 2.4% $EVRG - Evergy (C) - 5.0% $ALE - Allete (C) - 4.8% $UGI - UGI Corp. (D) - 6.2% $NEP - NextEra Energy Partners (F) - 12.2% Diversification Option: Utilities Select Sector SPDR Fund ETF (XLU)

UncleStock Posted - 1 month ago

$GNE $OTTR $ALE $VST suggested for Electricity - value screen: https://zpr.io/HKQYL

Fullratio Posted - 1 month ago

Utilities sector stocks with high YoY revenue growth in Q4 2023: $NEE $AWR $ALE

UncleStock Posted - 1 month ago

$GNE $OTTR $ALE $NEP suggested for Electricity - value screen: https://zpr.io/HKQYL

Stock_Titan Posted - 02/27/24

$ALE New Energy Equity announces Tim Ahrens as Senior Vice President of Development https://www.stocktitan.net/news/ALE/new-energy-equity-announces-tim-ahrens-as-senior-vice-president-of-rxd6f1v944b1.html

UncleStock Posted - 02/25/24

$WLK $LPRO $ALE suggested for #Windenergy - value screen: https://zpr.io/nhQHw

TickerDD_com Posted - 2 months ago

From 2/14/2024, looking back across 22 Month-Ends for ALE, Percentage Change of Average Monthly Price had More Negatives (64%) while Percentage Change of Average Monthly Volume had More Positives (95%) $ALE #ALE #ALEStock #TickerDD #ALEPrice https://www.youtube.com/watch?v=97mN_NmOEfo

DonCorleone77 Posted - 2 months ago

$ALE Allete reports Q4 EPS 89c, consensus 97c Reports Q4 revenue $402.7 M, consensus $425.3M. "We are very pleased with our solid financial results in 2023 and our team's execution of strategic initiatives that will drive strong earnings growth and investment in clean energy for years to come," said CEO Bethany Owen. "Allete's Sustainability in Action strategy is gaining momentum, with important regulatory decisions in 2024, that will further support Minnesota Power's EnergyForward clean energy transformation. Our updated five-year capital expenditure plan of $4.3B reflects the tremendous growth opportunities at Minnesota Power. We've added approximately $1B to our previous plan, reflecting the significant investments in regulated renewable and transmission projects necessary to advance a clean-energy future and meet state carbon-free energy goals...we project that ALLETE will achieve our annual growth objective of 5%-7% commencing in 2025, through our forecast period of 2028..."

epsguid Posted - 2 months ago

$ALE reported earnings of $0.89, consensus was $0.93 via @eWhispers #epsmiss http://eps.sh/d/ale

Stock_Titan Posted - 2 months ago

$ALE ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment plan over the next five years https://www.stocktitan.net/news/ALE/allete-inc-reports-2023-earnings-of-4-30-per-share-clean-energy-2oxrvmvaagqp.html

UncleStock Posted - 2 months ago

$GNE $OTTR $ALE $NEP suggested for Electricity - value screen: https://zpr.io/HKQYL

StockInvest_us Posted - 2 months ago

Signal alert: $ALE - Possible Runner https://stockinvest.us/l/ISPU8OZN2f

Stock_Titan Posted - 2 months ago

$ALE Minnesota Power advances EnergyForward with request for proposals for up to 400 megawatts of wind energy https://www.stocktitan.net/news/ALE/minnesota-power-advances-energy-forward-with-request-for-proposals-dt0d4b9g7lva.html

Stock_Titan Posted - 2 months ago

$ALE ALLETE to announce 2023 financial results on February 20 https://www.stocktitan.net/news/ALE/allete-to-announce-2023-financial-results-on-february-cpfkgu6xqfyc.html

UncleStock Posted - 2 months ago

$GNE $OTTR $ALE $NEP suggested for Electricity - value screen: https://zpr.io/HKQYL

Stock_Titan Posted - 2 months ago

$ALE New Energy Equity names Jackie Chambers as chief investment officer https://www.stocktitan.net/news/ALE/new-energy-equity-names-jackie-chambers-as-chief-investment-89s1hr7eg0aa.html

UncleStock Posted - 2 months ago

$LPRO $WLK $ALE suggested for #Windenergy - value screen: https://zpr.io/nhQHw

UncleStock Posted - 01/28/24

$LPRO $WLK $ALE suggested for #Windenergy - value screen: https://zpr.io/nhQHw

DonCorleone77 Posted - 01/26/24

$ALE Allete raises dividend 4.1% to 70.5c ALLETE announced that its Board of Directors has increased the quarterly dividend on the company's common stock to 70.5c per share, a 4.1% percent increase. On an annual basis the increased dividend is equivalent to $2.82 per share. The regular quarterly dividend is payable March 1 to common shareholders of record at the close of business February 15.

risenhoover Posted - 3 months ago

$ALE ALE / ALLETE, Inc. upgraded by Guggenheim https://fintel.io/sfo/us/ale?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=upgrade

cctranscripts Posted - 3 months ago

BlackRock, Inc. just provided an update on share ownership of Allete https://www.conferencecalltranscripts.org/summary/?id=12887007 $ALE

Aigner_Andreas Posted - 3 months ago

TD BUY $ALE at 59.34, Supp 58.72 Resis 62.83 R7 HiLo 71% T1Y 59 hold 2.9 DIV 4.75% #Allete Inc #stocks #trading #finance #market

ChartMill Posted - 3 months ago

$ALE: New Energy Equity raises $200,000 for Folds of Honor https://www.chartmill.com/stock/quote/ALE/news?utm_source=prnews-2024-1-16-new-energy-equity-raises-200000-for-folds-of-honor&utm_medium=stocktwits&utm_campaign=pressRelease

risenhoover Posted - 3 months ago

$ALE ALE / ALLETE, Inc. downgraded by Sidoti & Co. https://fintel.io/sfo/us/ale?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=upgrade

tickeron Posted - 3 months ago

A.I.dvisor made a bullish call on $ALE, netting in a 18.01% gain over 2 months https://srnk.us/go/4962688

Analyst Ratings

Wells Fargo	Equal-Weight	Feb 21, 24
Guggenheim	Neutral	Jan 22, 24
Sidoti & Co.	Neutral	Jan 10, 24
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