ALLETE INC (ALE) Stock Price, Forecast & Analysis
USA - New York Stock Exchange - NYSE:ALE - US0185223007 - Common Stock
ALE Key Statistics, Chart & Performance
The current stock price of ALE is 67.62 USD. In the past month the price increased by 0.34%. In the past year, price increased by 4.22%.
ALE Latest News, Press Relases and Analysis
ALE Competitors/Peers
Symbol | Company Name | TA | FA | PE | Market Cap |
|---|---|---|---|---|---|
| NEE | NEXTERA ENERGY INC | 23.32 | 177.70B | ||
| CEG | CONSTELLATION ENERGY | 45.32 | 113.83B | ||
| SO | SOUTHERN CO/THE | 21.44 | 100.33B | ||
| DUK | DUKE ENERGY CORP | 19.13 | 96.38B | ||
| AEP | AMERICAN ELECTRIC POWER | 20.59 | 66.19B | ||
| XEL | XCEL ENERGY INC | 22.56 | 48.56B | ||
| EXC | EXELON CORP | 16.77 | 47.59B | ||
| ETR | ENTERGY CORP | 24.02 | 43.53B | ||
| PCG | P G & E CORP | 11.12 | 35.43B | ||
| NRG | NRG ENERGY INC | 19.64 | 32.78B | ||
| SOJF | SOUTHERN CO - SO 6 1/2 03/15/2085 | 6.08 | 28.43B | ||
| FE | FIRSTENERGY CORP | 17.74 | 27.57B |
Related stock screener links
About ALE
Company Profile
ALLETE, Inc. engages in the provision of electric and natural gas utility services. The company is headquartered in Duluth, Minnesota and currently employs 1,610 full-time employees. The firm's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.
Company Info
ALLETE INC
30 W Superior St
Duluth MINNESOTA 55802 US
CEO: Bethany M. Owen
Employees: 1590
Phone: 12182795000
ALLETE INC / ALE FAQ
What does ALE do?
ALLETE, Inc. engages in the provision of electric and natural gas utility services. The company is headquartered in Duluth, Minnesota and currently employs 1,610 full-time employees. The firm's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.
What is the current price of ALE stock?
The current stock price of ALE is 67.62 USD. The price increased by 0.06% in the last trading session.
Does ALE stock pay dividends?
ALLETE INC (ALE) has a dividend yield of 4.32%. The yearly dividend amount is currently 2.82.
What is the ChartMill rating of ALLETE INC stock?
ALE has a ChartMill Technical rating of 7 out of 10 and a ChartMill Fundamental rating of 3 out of 10.
How is the market expecting ALE stock to perform?
6 analysts have analysed ALE and the average price target is 70.67 USD. This implies a price increase of 4.51% is expected in the next year compared to the current price of 67.62.
Can you provide the sector and industry classification for ALLETE INC?
ALLETE INC (ALE) operates in the Utilities sector and the Electric Utilities industry.
What is the market capitalization of ALE stock?
ALLETE INC (ALE) has a market capitalization of 3.92B USD. This makes ALE a Mid Cap stock.
ALE Technical Analysis
ChartMill assigns a technical rating of 7 / 10 to ALE. When comparing the yearly performance of all stocks, ALE turns out to be only a medium performer in the overall market: it outperformed 62.33% of all stocks.
ALE Fundamental Analysis
ChartMill assigns a fundamental rating of 3 / 10 to ALE. Both the profitability and financial health of ALE have multiple concerns.
ALE Financial Highlights
Over the last trailing twelve months ALE reported a non-GAAP Earnings per Share(EPS) of 2.85. The EPS decreased by -8.65% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 11.04% | ||
| ROA | 2.32% | ||
| ROE | 5.81% | ||
| Debt/Equity | 0.74 |
ALE Forecast & Estimates
6 analysts have analysed ALE and the average price target is 70.67 USD. This implies a price increase of 4.51% is expected in the next year compared to the current price of 67.62.
For the next year, analysts expect an EPS growth of 18.92% and a revenue growth -1.51% for ALE