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ALLETE Inc logo

ALE - ALLETE Inc Share Price

$70.41 0.4  0.5%

Last Trade - 14/05/21

Sector
Utilities
Size
Large Cap
Market Cap £2.61bn
Enterprise Value £4.25bn
Revenue £849.0m
Position in Universe 1663rd / 6846
Bullish
Bearish
Unlock ALE Revenue
Momentum
Relative Strength (%)
1m +1.77%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -3.02%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
1,486 1,340 1,419 1,499 1,241 1,169 1,257 1,317 -4.7%
+22.7 -11.7 -0.5 +8.3 -2.6 +1.8 -4.76 +21.1
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the three months ended 31 March 2021, ALLETE Increvenues increased 9% to $339.2M. Net income decreased 22%to $51.8M. Revenues reflect Industrial segment increase of9% to $129M, Others segment increase of 41% to $27.7M. Netincome was offset by Fuel and Purchased Power increase of35% to $120.4M (expense), Taxes Other than Income Taxesincrease of 43% to $18M (expense). Dividend per shareincreased from $0.62 to $0.63.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

ALE Revenue Unlock ALE Revenue

Net Income

ALE Net Income Unlock ALE Revenue

Normalised EPS

ALE Normalised EPS Unlock ALE Revenue

PE Ratio Range

ALE PE Ratio Range Unlock ALE Revenue

Dividend Yield Range

ALE Dividend Yield Range Unlock ALE Revenue
Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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EPS
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Net Profit
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EPS
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Consensus Estimate
1m Change
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
ALE EPS Forecasts Unlock ALE Revenue
Profile Summary

ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, Inc. (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The U.S. Water Services provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solution. As of December 31, 2016, its Corporate and Other consisted of BNI Energy, Inc. (BNI Energy), its coal mining operations in North Dakota, ALLETE Properties, LLC (ALLETE Properties), its Florida real estate investment and approximately 5,000 acres of land in Minnesota.

Directors
Last Annual December 31st, 2020
Last Interim March 31st, 2021
Incorporated January 25, 1906
Public Since May 22, 1981
No. of Shareholders: 20,000
No. of Employees: 1,326
Sector Utilities
Industry Electric Utilities & IPPs
Index S&P 400 Mid Cap , S&P Composite 1500 ,
Exchange New York Stock Exchange
Shares in Issue 52,200,000
Free Float (0.0%)
Eligible for
ISAs
SIPPs
ALE Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
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Range (12m)
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Latest News for ALE
Upcoming Events for ALE
Tuesday 3rd August, 2021 Estimate
Q2 2021 ALLETE Inc Earnings Release
Monday 8th November, 2021 Estimate
Q3 2021 ALLETE Inc Earnings Release
Frequently Asked Questions for ALLETE Inc
What is the ALLETE Inc share price?

As of 14/05/21, shares in ALLETE Inc are trading at $70.41, giving the company a market capitalisation of £2.61bn. This share price information is delayed by 15 minutes.

How has the ALLETE Inc share price performed this year?

Shares in ALLETE Inc are currently trading at $70.41 and the price has moved by 40.79% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the ALLETE Inc price has moved by -1.96% over the past year.

What are the analyst and broker recommendations for ALLETE Inc?

Of the analysts with advisory recommendations for ALLETE Inc, there are there are currently 1 "buy" , 4 "hold" and 0 "sell" recommendations. The overall consensus recommendation for ALLETE Inc is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will ALLETE Inc next release its financial results?

ALLETE Inc is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2022-03-31
What is the ALLETE Inc dividend yield?

The ALLETE Inc dividend yield is 3.53% based on the trailing twelve month period.

Does ALLETE Inc pay a dividend?

Last year, ALLETE Inc paid a total dividend of 2.48, and it currently has a trailing dividend yield of 3.53%. Looking ahead, ALLETE Inc has not announced an ex-dividend date yet and the next dividend pay date is 2021-06-01.

When does ALLETE Inc next pay dividends?

ALLETE Inc has yet to annouce their ex-dividend date and the next dividend pay date is 2021-06-01. The historic dividend yield on ALLETE Inc shares is currently 3.53%.

How do I buy ALLETE Inc shares?

To buy shares in ALLETE Inc you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of ALLETE Inc?

Shares in ALLETE Inc are currently trading at $70.41, giving the company a market capitalisation of £2.61bn.

Where are ALLETE Inc shares listed? Where are ALLETE Inc shares listed?

Here are the trading details for ALLETE Inc:

Country of listing: United States
Exchange: NYQ
Ticker Symbol: ALE
What kind of share is ALLETE Inc?

Based on an overall assessment of its quality, value and momentum, ALLETE Inc is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a ALLETE Inc share price forecast 2021?

Shares in ALLETE Inc are currently priced at $70.41. At that level they are trading at 1.12% discount to the analyst consensus target price of 0.00.

Analysts covering ALLETE Inc currently have a consensus Earnings Per Share (EPS) forecast of 3.192 for the next financial year.

How can I tell whether the ALLETE Inc share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like ALLETE Inc. Over the past six months, the relative strength of its shares against the market has been 11.36%. At the current price of $70.41, shares in ALLETE Inc are trading at 15.45% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the ALLETE Inc PE Ratio?

The ALLETE Inc PE ratio based on its reported earnings over the past 12 months is 23. The shares are currently trading at $70.41.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of ALLETE Inc?

ALLETE Inc's management team is headed by:

Heidi Jimmerson-Eddins - LED
Madeleine Ludlow - IND
James Hoolihan - IND
Robert Adams - CFO
Kathryn Dindo - IND
George Goldfarb - IND
Steven Morris - CAO
Patrick Cutshall - VPR
Bethany Owen - CHM
Margaret Thickens - VPR
Nicole Johnson - CAD
Who are the major shareholders of ALLETE Inc?

Here are the top five shareholders of ALLETE Inc based on the size of their shareholding:

BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 11.05% (5.77m shares)
The Vanguard Group, Inc. Investment Advisor/Hedge Fund
Percentage owned: 10.01% (5.22m shares)
State Street Global Advisors (US) Investment Advisor/Hedge Fund
Percentage owned: 3.39% (1.77m shares)
Vanguard Total Stock Market Index Fund Mutual Fund
Percentage owned: 2.79% (1.46m shares)
iShares Core S&P Mid-Cap ETF Mutual Fund
Percentage owned: 2.72% (1.42m shares)
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