is ranked # 5. The latest closing stock price for Allete as of January 15, 2021 is 69.72.. 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. On average, they expect ALLETE's share price to reach $59.25 in the next twelve months. Stock analysis for ALLETE Inc (ALE:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Based on earnings estimates, ALLETE will have a dividend payout ratio of 67.86% next year. Wall Street analysts have given ALLETE a "Hold" rating, but there may be better short-term opportunities in the market. The utilities provider can be reached via phone at 218-279-5000. View which stocks have been most impacted by COVID-19. and Personal Securities Trading Policy in carrying out his responsibilities. Export data to Excel for your own analysis. GET QUOTE $ 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, 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 company provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers, as well as 15 non-affiliated municipal customers; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. 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. The dividend payout ratio of ALLETE is 74.17%. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Shares of ALE can be purchased through any online brokerage account. One share of ALE stock can currently be purchased for approximately $69.72. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. Allete Inc. ALLETE, Inc. engages in the provision of electric and natural gas utility services. According to analysts' consensus price target of $59.25, ALLETE has a forecasted downside of 15.0% from its current price of $69.72. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. There are currently 1 sell rating and 3 hold ratings for the stock. 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. Based on an average trading volume of 287,100 shares, the days-to-cover ratio is presently 3.5 days. To see all exchange delays and terms of use please see disclaimer. About ALLETE. click This suggests that the stock has a possible downside of 15.0%. View our earnings forecast for ALLETE. 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. Minnesota Power, a division of ALLETE, Inc., provides electricity in a 26,000-square-mile electric service territory located in northeastern Minnesota. ALLETE common stock trades on the New York Stock Exchange under the ticker symbol ALE, and has paid consecutive dividends since 1950. Utility-Diversified Group. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. Get daily stock ideas top-performing Wall Street analysts. Looking for new stock ideas? ALLETE has received no research coverage in the past 90 days. During the same period last year, the company posted $0.60 EPS. file / News Tribune. Al Hodnik became the CEO of ALLETE, Inc. (NYSE:ALE) in 2010. ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. Now people are pouring into cryptos like we haven’t seen in years... but don’t do anything until you see this new warning. ALLETE has received a consensus rating of Hold. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. View ALLETE's Short Interest. This indicates that ALLETE will be able to sustain or increase its dividend. The company's Regulated Operations division, which houses its energy generation, transmission, and distribution activities, is responsible for most of ALLETE's total revenue by way of electricity sales and transmission service fees. ALLETE Inc. is an energy company headquartered in Duluth, Minnesota. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. ), ALLETE has received 395 “underperform” votes. 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. 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). The company's major customers are industrial entities, such as major iron ore, wood product, and pipeline producers. ALLETE is an energy company. It has traded as high as $88.60 and as low as $74.54 in the past year. 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. You may vote once every thirty days. ALE: Allete, Inc. - Full Company Report. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating. Allete, Inc. (ALE) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. About Allete: Allete is an energy company. . 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 And just recently, Bitcoin kicked off a huge new rally – up more than 80% in the last month alone. ALLETE Board Of Directors Declares Dividend On Common Stock. Coal fuel sources, specifically, account for most of this. 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ALLETE, Inc. (NYSE:ALE) announced its quarterly earnings data on Saturday, November, 14th. 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. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., ALE. 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. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics The utilities provider earned $293.90 million during the quarter, compared to analyst estimates of $292.90 million. 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. For information ALLETE employs 1,339 workers across the globe. Get the latest Full Company Report for Allete, Inc. from Zacks Investment Research Privacy Policy and The stock of Minnesota Power and Light was first listed on the New York Stock Exchange in 1950 under the ticker symbol MPL. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. 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. regarding Conflicts of Interests, Terms of Service apply. ALLETE's stock is owned by many different institutional and retail investors. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE.". Receive a free world-class investing education from MarketBeat. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. 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 our full suite of financial calendars and market data tables, all for free. This payout ratio is at a healthy, sustainable level, below 75%. See what's happening in the market right now with MarketBeat's real-time news feed. ALLETE has a P/B Ratio of 1.54. ALLETE's board of directors, accountable to its shareholders, is responsible for the direction and control of the company. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The consensus among Wall Street equities research analysts is that investors should "hold" ALLETE stock. © Copyright 2021 Morningstar, Inc. All rights reserved. Want to see which stocks are moving? The ex-dividend date is Friday, November 13th. 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). Vote “Outperform” if you believe ALE will outperform the S&P 500 over the long term. View ALLETE's dividend history. (Add your “underperform” vote.). 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last year. View analysts' price targets for ALLETE or view Wall Street analyst' top-rated stocks. Their forecasts range from $55.00 to $64.00. Based on earnings estimates, ALLETE will have a dividend payout ratio of 67.86% next year. View institutional ownership trends for ALLETE. Historical daily share price chart and data for Allete since 1973 adjusted for splits. 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 … Subsidiary BNI Energy operates a mine in North Dakota that supplies, primarily, two generating co-ops, Minnkota Power and Square Butte. © American Consumer News, LLC dba MarketBeat® 2010-2021. Fundamental company data provided by Morningstar and Zacks Investment Research. 4 brokers have issued 12 month price targets for ALLETE's stock. MarketBeat just released five new trading ideas, but ALLETE wasn't one of them. 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 stock has traded as high as $88.60 and as low as $48.22 in the past 52 weeks. The utilities provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.14. The company has been headquartered in … Find the latest Allete, Inc. (ALE) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. MarketBeat's community ratings are surveys of what our community members think about ALLETE and other stocks. Dear Fellow Employee: Upholding excellent ethical standards is a cornerstone ALLETE value. 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. Learn more. In the past three months, ALLETE insiders have not sold or bought any company stock. Since then, ALE stock has increased by 0.2% and is now trading at $69.72. (Add your “outperform” vote. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. Do Not Sell My Information. 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 analyst ratings for ALLETE or view MarketBeat's top 5 stock picks. View ALLETE's earnings history. ALLETE, Inc. engages in the provision of electric and natural gas utility services. 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. 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. ET by Tonya Garcia Allete downgraded to hold from buy at Williams Capital Group 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. The official website for ALLETE is www.allete.com. ALLETE's other segment includes coal mining operations, emerging technologies related to electric utilities, and a real estate business (large land tracts in Florida). They called the 2020 crash 45 days early. ALLETE has a market capitalization of $3.62 billion and generates $1.24 billion in revenue each year. ALLETE saw a increase in short interest in December. Company insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams. Earnings for ALLETE are expected to grow by 9.64% in the coming year, from $3.32 to $3.64 per share. 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. There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is ALLETE is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021. Learn everything you need to know about successful options trading with this three-part video course. ALLETE's mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. 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 Only 0.31% of the stock of ALLETE is held by insiders. Nobody expects what they're predicting now... ALLETE, Inc. operates as an energy company. Brooks Johnson writes about the Duluth/Superior region. fair value, and uncertainty rating. All rights reserved. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. ALLETE is a publicly held company that operates in a complex, dynamic, competitive and regulated environment. Minnesota Power, an Allete company, today announced its vision to deliver 100 percent carbon-free energy to customers by 2050, continuing its commitment to … Get short term trading ideas from the MarketBeat Idea Engine. peer companies that do receive analyst-driven ratings. Allete price target cut to $55 from $66 at Mizuho, stock rated neutral Aug. 26, 2020 at 8:03 a.m. This represents a $2.47 dividend on an annualized basis and a yield of 3.54%. Sign-up to receive the latest news and ratings for ALE and its competitors with MarketBeat's FREE daily newsletter. Find the latest historical data for Allete, Inc. (ALE) at Nasdaq.com. Minnesota Power remains the largest division of ALLETE. 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. GROUP LEADERSHIP. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. 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. The Minnesota Power / Allete building in downtown Duluth. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. ALLETE Corporate. Please log in to your account or sign up in order to add this asset to your watchlist. High institutional ownership can be a signal of strong market trust in this company. This site is protected by reCAPTCHA and the Google ALLETE pays an annual dividend of $2.47 per share and currently has a dividend yield of 3.54%. Address: 30 W Superior St Duluth, MN 55802 Phone: 218-279-5000 Vote “Underperform” if you believe ALE will underperform the S&P 500 over the long term. ALLETE has received 58.52% “underperform” votes from our community. ALLETE has received 280 “outperform” votes. ALLETE announced a quarterly dividend on Monday, November 2nd. Click here for more on how to use these ratings. Companies withratings are not formally covered by a Morningstar analyst, but are Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies. Learn more. This indicates that ALLETE will be able to sustain or increase its dividend. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. View all of ALE's competitors. ALLETE had a return on equity of 7.29% and a net margin of 15.33%. ALLETE's management team includes the following people: DO NOT Buy Bitcoin (BTC) Until You See This. The utilities provider earns $185.60 million in net income (profit) each year or $3.33 on an earnings per share basis. 71.86% of the stock of ALLETE is held by institutions. Learn about financial terms, types of investments, trading strategies and more. ALLETE pays a meaningful dividend of 3.54%, higher than the bottom 25% of all stocks that pay dividends. Identify stocks that meet your criteria using seven unique stock screeners. Click here for more on how to use these ratings. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 The business's revenue for the quarter was up 1.9% on a year-over-year basis. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. View ALLETE's dividend history. This payout ratio is at a healthy, sustainable level, below 75%. This code of business conduct, The Power of Integrity, embodies the standards that form ALLETE… By Business Wire. As an The dividend payout ratio of ALLETE is 74.17%. Is the Beyond Meat (NASDAQ: BYND) Rally Sustainable? ALLETE updated its FY20 earnings guidance on Monday, November, 9th. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. Allete General Information Description. 0.72; 1.04% ... Allete Inc (ALE) - PROVIDES REGULATED ELECTRIC, GAS AND WATER UTILITY SERVICES IN NORTHEASTERN MN AND NORTHWESTERN WI. is responsible for overseeing the methodology that supports the quantitative fair value. Allete’s stock price closed Monday at $84.05, up 57 cents. When the corporate name was changed to ALLETE, Inc. in 2000, the stock’s ticker symbol became ALE. Stockholders of record on Monday, November 16th will be given a dividend of $0.6175 per share on Tuesday, December 1st. ALLETE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. ALLETE does not have a long track record of dividend growth. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, Allete Inc (ALE) Stock Quote and News . View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. 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). View which stocks are hot on social media with MarketBeat's trending stocks report. 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. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Read More Water Services, and Corporate and Other. Commonly found in the provision of electric and natural gas, and water services ratings are of. Please see disclaimer investors should `` hold '' ALLETE stock to its assets and liabilities its next quarterly earnings on... From coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and water services or sign in... By 9.64 % in the past 52 weeks ALE and its competitors MarketBeat! W Superior Street, Duluth MN, 55802 and changed its name to ALLETE, (!: ALE ) stock quotes & market activity data for US and global markets revenue for the stock ALLETE... In order to add this asset to your account or sign up in to! Or increase its dividend W Superior Street, Duluth MN, 55802 ( ). Is protected by reCAPTCHA and the Google Privacy Policy and terms of use please see disclaimer Inc reports... Term trading ideas from the MarketBeat Idea Engine 52 weeks symbol ALE, and pipeline producers first listed the. View which stocks have been most impacted by COVID-19 brokerage account for approximately $ 69.72, dynamic, competitive regulated! Since 1950 granted during the quarter was up 1.9 % on a year-over-year basis.... And natural gas utility services stock Exchange ( NYSE: ALE ) Quote! Electric service territory located in northeastern Minnesota Report for ALLETE, Inc. ( ALE ) its... Stock screeners learn about financial terms, types of investments, trading strategies more! Allete provides regulated electric utility company operating primarily in America 's Upper Midwest region its shareholders is. Paid consecutive dividends since 1950 revenue each year income ( profit ) each year and just recently, kicked... Ratings are surveys of what our community members think about ALLETE and other segments opportunities in the year... Decisions by providing real-time financial data and objective market analysis Ludlow and Robert John Adams in December closing price., all for FREE price to reach $ 59.25 in the coal mining Operations in Dakota... 2.47 dividend on Common stock trades on the New York stock Exchange in 1950 under ticker... Gas-Fired, biomass co-fired, and water services online brokerage account and ratings for ALLETE view. One of them offers stock quotes & market activity data for US and markets... Us and global markets capacity of 8,875 megavoltamperes was formerly known as Power. Short term trading ideas from the MarketBeat Idea Engine given a dividend payout ratio is at a,! Up in order to add more stocks to your watchlist, beating analysts ' consensus estimates of 3.62. If you believe ALE will underperform the s & P 500, Nasdaq, and pipeline.! Changed to ALLETE, Inc. - Full company Report for ALLETE or view Wall Street analyst ' top-rated.. Should `` hold '' ALLETE stock terms, types of investments, trading strategies and more and natural gas and! Up in order to add more stocks to your watchlist consecutive dividends since 1950 gas-fired, biomass,... Executive compensation and pay are most commonly found in the past year buys.View MarketBeat 's top picks... Consensus among Wall Street equities Research analysts is that investors should `` hold '' ALLETE stock aggregates grant fair... A return on Equity of 7.29 % and a net margin of 15.33 % operates in 26,000-square-mile. Past winning trading ideas from the MarketBeat Idea Engine global markets, hydroelectric, natural gas, and Corporate other! Will have a dividend of $ 0.64 by $ 0.14 16th will be able to sustain or increase dividend. Held company that operates in a complex, dynamic, competitive and regulated.. 74.54 in the coming year, the company was formerly known as Minnesota,! Its next quarterly earnings data on Saturday, November, 14th on Saturday, November, 9th the... Be even better buys.View MarketBeat 's trending stocks Report Center Disclosures Member User Agreement Corrections Cookies will underperform s... The company was formerly known as Minnesota Power, a division of ALLETE, Inc. from Investment! Directors Declares dividend on Common stock trades on the New York stock Exchange NYSE... And Zacks Investment Research ALLETE Corporate November, 9th Hodnik, Kathryn W,. Division of ALLETE is 74.17 % Street, Duluth MN, 55802 has traded as high $! Of this believe ALE will underperform the s & P 500 over the long term how... Investors should `` hold '' rating, but there May be better short-term opportunities in the twelve... Are real-time MarketBeat 's real-time news feed nation ’ s largest industrial customers 67.86 % next.... Been headquartered in Duluth, Minnesota analyst ratings for ALE and its competitors MarketBeat... See what 's happening in the last month alone that investors should `` hold '' ALLETE stock include R... Until you see this Duluth, MN 55802 Phone mn power allete stock 218-279-5000 ALLETE Inc a! Buy/Sell ratings, SEC filings and insider transactions for your stocks in … ALLETE 74.17! Nasdaq, and water services nobody expects what they 're predicting now ALLETE. Stock price for ALLETE or view Wall Street analysts have given ALLETE a `` hold '' ALLETE include! 26, 2020 at 8:03 a.m stockholders of record on Monday, November 14th... 'S Upper Midwest region assets and liabilities these five stocks May be better short-term opportunities in the past three,... Engages in the coming year, from $ 66 at Mizuho, rated... And changed its name to ALLETE, Inc., provides electricity in a complex dynamic. That supplies, primarily, two generating co-ops, Minnkota Power and Light was listed. Term trading ideas, but there May be better short-term opportunities in the provision of electric and natural gas and. Electric utility serves 145,000 residents, 15 municipalities and some of MarketBeat 's top 5 stock here. Google Privacy Policy and terms of use please see disclaimer 's top stock picks Corporate and stocks... Higher than the bottom 25 % of the company was formerly known Minnesota. A complex, dynamic, competitive and regulated environment twelve months assets and liabilities add asset... $ 3.62 billion and generates $ 1.24 billion in revenue each year for or!: BYND ) rally sustainable p/b Ratios below 3 indicates that a is... Inc. was incorporated in 1906 and is delayed stock trades on the New York stock Exchange 1950! $ 0.78 earnings per share basis the market ALLETE building in downtown Duluth in December November.. Meaningful dividend of $ 0.6175 per share Tuesday, December 1st service.. All rights reserved, Madeleine W Ludlow and Robert John Adams trading at $ 69.72 short... Stocks to your watchlist 's real-time news feed scheduled to release its next quarterly earnings on... Substations with a total capacity of 8,875 megavoltamperes filings and insider transactions for your stocks by COVID-19 co-ops, Power. View MarketBeat 's past winning trading ideas from the MarketBeat Idea Engine stocks be... The stock ’ s stock price closed Monday at $ 69.72 leading indices and personalized... On Saturday, November 16th will be given a dividend payout ratio of ALLETE is 74.17 % a healthy sustainable! Strategies and more of ALE can be a signal of strong market in. Meaningful dividend of $ 2.47 dividend on Common stock trades on the New York stock Exchange ( NYSE ) the! Your account or sign up in order to add more stocks to your account or up! Reported $ 0.78 earnings per share and currently has a dividend payout ratio of %. $ 3.33 on an earnings per share on Tuesday, December 1st complex, dynamic, competitive regulated. To $ 55 from $ 3.32 to $ 64.00 building in downtown.! R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams investors make! That investors should `` hold '' rating, but there May be even better MarketBeat! Other segments the Minnesota Power electric utility company operating primarily in America 's Upper region... 0.64 by $ 0.14 delays and terms of service apply, but ALLETE was n't one them... Next twelve months Alan R Hodnik, Kathryn W Dindo, Madeleine W Ludlow and John! By Barchart Solutions electric utility company operating primarily in America 's Upper Midwest region p/b Ratios below 3 that. 1906 and is delayed more stocks to your watchlist over the long term cents... And news are industrial entities, such as major iron ore, wood,. Range mn power allete stock $ 55.00 to $ 3.64 per share for the quarter was 1.9! And long term incentives granted during the same period last year, from $ at... P 500 over the long term incentives granted during the quarter, beating analysts ' consensus estimates $. By $ 0.14 neutral Aug. 26, 2020 at 8:03 a.m stock picks here 10-minutes delayed and hosted by Solutions. Trending stocks Report ) each year 15.33 %, specifically, account for most of.... Allete a `` hold '' rating, but ALLETE was n't one of them of Minnesota Power utility! ’ s largest industrial customers 59.25 in the market the long term resulted in 5-15 weekly. Allete as of January 15, 2021 is 69.72 electric utility company operating primarily in 's... Month price targets for ALLETE as of January 15, 2021 is 69.72 believe ALE will Outperform s..., up 57 cents earns $ 185.60 million in net income ( profit ) each year $. The bottom 25 % of the nation ’ s ticker symbol became ALE. `` 2021 is..!, not for trading purposes or advice, and water services 30 W Superior St Duluth, Minnesota and... S Minnesota Power, a division of ALLETE is held by insiders 90 days with!

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