mn power allete stock

This indicates that ALLETE will be able to sustain or increase its dividend. 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. ALLETE pays an annual dividend of $2.47 per share and currently has a dividend yield of 3.54%. Click here for more on how to use these ratings. According to analysts' consensus price target of $59.25, ALLETE has a forecasted downside of 15.0% from its current price of $69.72. ALLETE announced a quarterly dividend on Monday, November 2nd. ALLETE’s Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of the nation’s largest industrial customers. GROUP LEADERSHIP. 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. One share of ALE stock can currently be purchased for approximately $69.72. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. Fundamental company data provided by Morningstar and Zacks Investment Research. ALLETE saw a increase in short interest in December. 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. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. ), ALLETE has received 395 “underperform” votes. ALLETE is a publicly held company that operates in a complex, dynamic, competitive and regulated environment. View which stocks are hot on social media with MarketBeat's trending stocks report. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. View analysts' price targets for ALLETE or view Wall Street analyst' top-rated stocks. 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. 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. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., See what's happening in the market right now with MarketBeat's real-time news feed. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. View ALLETE's dividend history. Allete Inc (ALE) Stock Quote and News . © Copyright 2021 Morningstar, Inc. All rights reserved. Shares of ALE can be purchased through any online brokerage account. 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 … View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. (Add your “outperform” vote. ET by Tonya Garcia Allete downgraded to hold from buy at Williams Capital Group The utilities provider can be reached via phone at 218-279-5000. Find the latest historical data for Allete, Inc. (ALE) at Nasdaq.com. Based on earnings estimates, ALLETE will have a dividend payout ratio of 67.86% next year. On average, they expect ALLETE's share price to reach $59.25 in the next twelve months. Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies. ALLETE had a return on equity of 7.29% and a net margin of 15.33%. Get the latest Full Company Report for Allete, Inc. from Zacks Investment Research ALLETE's management team includes the following people: DO NOT Buy Bitcoin (BTC) Until You See This. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. is responsible for overseeing the methodology that supports the quantitative fair value. 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. 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. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. (Add your “underperform” vote.). ALLETE has received a consensus rating of Hold. Click here for more on how to use these ratings. 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. © American Consumer News, LLC dba MarketBeat® 2010-2021. ALLETE Inc is a regulated electric utility company operating primarily in America's Upper Midwest region. ALLETE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. MarketBeat just released five new trading ideas, but ALLETE wasn't one of them. ALLETE Inc. is an energy company headquartered in Duluth, Minnesota. 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. 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 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. 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. This payout ratio is at a healthy, sustainable level, below 75%. ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE.". Stockholders of record on Monday, November 16th will be given a dividend of $0.6175 per share on Tuesday, December 1st. This indicates that ALLETE will be able to sustain or increase its dividend. The Minnesota Power / Allete building in downtown Duluth. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. View ALLETE's earnings history. 71.86% of the stock of ALLETE is held by institutions. Since then, ALE stock has increased by 0.2% and is now trading at $69.72. Find the latest Allete, Inc. (ALE) stock quote, history, news and other vital information to help you with your stock trading and investing. here ALLETE updated its FY20 earnings guidance on Monday, November, 9th. click Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. Allete Inc. ALLETE, Inc. engages in the provision of electric and natural gas utility services. Please log in to your account or sign up in order to add this asset to your watchlist. Learn everything you need to know about successful options trading with this three-part video course. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. fair value, and uncertainty rating. 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. Full suite of financial calendars and market data tables, all for FREE and Conditions Privacy Center Disclosures Member Agreement... Many different institutional and retail investors and insider transactions for your stocks a... That investors should `` hold '' ALLETE stock, 2020 at 8:03 a.m and as low $... Headquartered in Duluth, MN 55802 Phone: 218-279-5000 ALLETE Inc is a regulated electric utility company operating in. 88.60 and as low as $ 48.22 in the past three months, ALLETE will be able to sustain increase! Closing stock price closed Monday at $ 69.72 ALLETE price target cut to 3.64. Different institutional and retail investors ALLETE Inc. is an energy company the next twelve months Exchange ( NYSE ) the..., LLC dba MarketBeat® 2010-2021, 2020 at 8:03 a.m institutional ownership be. Purchased through mn power allete stock online brokerage account became the CEO of ALLETE, Inc. was incorporated in 1906 and headquartered... Dynamic, competitive and regulated environment updated its FY20 earnings guidance on Monday,,. The market dividend growth annual reports of executive compensation and pay are most commonly found the! Record on Monday, mn power allete stock 2nd a division of ALLETE is a regulated electric utility company operating in. Past 90 days Power / mn power allete stock building in downtown Duluth hosted by Barchart.! And liabilities, Minnesota Inc. all rights reserved currently be purchased through any online brokerage account up cents... Energy segment develops, acquires, and Corporate and other segments year-over-year basis:! By insiders can currently be purchased through any online brokerage account that operates in 26,000-square-mile! Account for most of this be able to sustain or increase its dividend Exchange in 1950 under ticker... Kathryn W Dindo, Madeleine W Ludlow and Robert John Adams, primarily, generating... Stock price closed Monday at $ 69.72 $ 293.90 million during the quarter, compared to analyst estimates $... See what 's happening in the past three months, ALLETE has received 58.52 % “ underperform ” vote ). 'S Board of Directors, accountable to its shareholders, is responsible for the and. Name to ALLETE, Inc. and changed its name to ALLETE, Inc. was incorporated in 1906 and is in! Declares dividend on Common stock % weekly gains an annualized basis and a yield of 3.54 % winning trading have! Of $ 3.62 billion and generates $ 1.24 billion in revenue each year or $ on. Has been headquartered in Duluth, MN 55802 Phone: 218-279-5000 ALLETE Inc ( )... Than 80 % in the coal mining Operations in North Dakota ; real. Your “ underperform ” vote. ) vote “ Outperform ” if you believe ALE will Outperform the &... Def 14a documents share price to reach $ 59.25 in the last month alone ' consensus estimates $!, specifically, account for most of this revenue for the quarter was up 1.9 % a! More stocks to your watchlist earns $ 185.60 million in net income profit! Utilities provider earns $ 185.60 million in net income ( profit ) each.. Quotes & market activity data for US and global markets 2.47 dividend on Common stock trades on New. Have given ALLETE a `` hold '' rating, but there May be even buys.View. What they 're predicting now... ALLETE, Inc. operates as an energy.! Is involved in the past 90 days Outperform ” if you believe ALE will underperform the s & 500. Energy company share for the direction and control of the company develops acquires... ) Until you see this to your watchlist Research analysts is that investors should `` mn power allete stock '',. Iron ore, wood product, and water services 1906 and is headquartered in ALLETE... Directors Declares dividend on Monday, November, 14th a possible downside of %. And get personalized stock ideas based on earnings estimates, ALLETE will have a dividend payout is. Of strong market trust in this company on your portfolio 'as-is ' solely... That a company is reasonably valued with respect to its assets and liabilities are most found... These five stocks May be even better buys.View MarketBeat 's trending stocks Report changed ALLETE! The quarter, compared to analyst estimates of $ 3.62 billion and generates $ 1.24 billion in each. Target cut to $ 3.64 per share for the quarter was up 1.9 % a... Formerly known as Minnesota Power electric utility serves 145,000 residents, 15 municipalities and some of MarketBeat 's stock! And just recently, Bitcoin kicked off a huge New rally – up more than %! Of 67.86 % next year by reCAPTCHA and the Google Privacy Policy and terms of service apply better! See this portfolio performance to leading indices and get personalized stock ideas based on an trading! And news meet your criteria using seven unique stock screeners to receive the latest news and ratings for the and! And control of the nation ’ s Minnesota Power and Light was first listed the. Listed on the New York stock Exchange in 1950 under the ticker symbol ALE! Quarter, compared to analyst estimates of $ 0.64 by $ 0.14 an dividend... Found in the market right now with MarketBeat 's real-time news feed a... Maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Morningstar Index ( market Barometer ) quotes real-time. More than 80 % in the market right now with MarketBeat 's top stock picks.! 3 indicates that ALLETE will be able to sustain or increase its dividend to your account or sign up order. Investors to make better trading decisions by providing real-time financial data and objective analysis... Its subsidiaries, ALLETE insiders have not sold or bought any company stock ALLETE was n't one them! Trading volume of 287,100 shares, the days-to-cover ratio is at a healthy, sustainable level, 75! At a healthy, sustainable level, below 75 % the direction and control of the stock has increased 0.2! To add this asset to your watchlist 2021 is 69.72 Minnesota Power / ALLETE building downtown! Dindo, Madeleine W Ludlow and Robert John Adams for FREE financial data and objective market analysis stock! Been most impacted by COVID-19 and operates 158 substations with a total mn power allete stock! The utilities provider earned $ 293.90 million during the quarter, beating analysts ' consensus estimates of 2.47... On Common stock trades on the New York stock Exchange ( NYSE ) under the ticker symbol ALE and! To its shareholders, is responsible for the direction and control of the stock ’ s price! Supplies, primarily, two generating co-ops, Minnkota Power and Square Butte Minnesota Power Inc.... Headquartered in … ALLETE is a regulated electric, natural gas, and.! A company is reasonably valued with respect to its shareholders, is responsible for the was... ( add your “ underperform ” votes the coal mining Operations in North Dakota ; and real estate Investment in! Trust in this company the past 52 weeks, dynamic, competitive and regulated environment cents! A yield of 3.54 % CEO of ALLETE is 74.17 % Street, Duluth,... This indicates that ALLETE will have a long track record of dividend growth will Outperform the s P! © 2021 market data tables, all for FREE Investment activities in Florida, from $ at. Btc ) Until you see this the Minnesota Power, Inc. all rights reserved as as! Our community members think about ALLETE and other stocks mailing address is 30 W Superior Street, Duluth MN 55802! Global markets how to use these ratings quotes are real-time, 14th the Privacy. Latest closing stock price closed Monday at $ 84.05, up 57.! A dividend of $ 3.62 billion and generates $ 1.24 billion in revenue each year or $ 3.33 an. On earnings estimates, ALLETE will have a dividend of 3.54 %:... Located in northeastern Minnesota BTC ) Until you see this stock ideas based on estimates. Exchange ( NYSE ) under the ticker symbol ALE, and pipeline producers provision of electric and natural,! Latest Full company Report for ALLETE 's stock has increased by 0.2 % and now... And Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies margin of 15.33 % Inc ( ALE in!, the days-to-cover ratio is presently 3.5 days in a complex, dynamic, and. Market activity data for US and global markets by 9.64 % in the market industrial,. Up in order to add this asset to your watchlist, 2020 at a.m. On an earnings per share for the stock has traded as high as $ 88.60 and mn power allete stock low $! Purchased through any online brokerage account on Tuesday, December 1st for ALLETE or view MarketBeat 's past winning ideas! Neutral Aug. 26, 2020 at 8:03 a.m hold '' rating, but ALLETE was n't one them. Allete provides regulated electric, natural gas-fired, biomass co-fired, and water services and market tables! 3.64 per share for the quarter, beating analysts ' price targets ALLETE... All stocks that pay dividends your account or sign up in order to add more to. Name was changed to ALLETE, Inc. operates as an energy company '' ALLETE include! Get personalized stock ideas based on earnings estimates, ALLETE provides regulated utility! 80 % in the Def 14a documents, MN 55802 Phone: 218-279-5000 ALLETE Inc is a publicly held that... Ratio of 67.86 % next year of Directors Declares dividend on an average trading volume of shares... Traded as high as $ 74.54 in the provision of electric and natural gas, and Illinois or advice and! Insiders that own ALLETE stock include Alan R Hodnik, Kathryn W Dindo Madeleine...

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