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Allete Inc (ALE)
NYSE:ALE
Allete (ALE) Stock Price & Analysis
239 Followers
ALE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$48.67 - $64.36
Previous Close$61.35
Volume373.01K
Average Volume (3M)387.91K
Market Cap
$3.53B
Enterprise Value$5.81B
Total Cash (Recent Filing)$125.50M
Total Debt (Recent Filing)$1.80B
Price to Earnings (P/E)14.2
Beta0.61
Next Earnings
Feb 15, 2024EPS Estimate
$0.97Last Dividend Ex-Date
Nov 14, 2023Dividend Yield
2.71 (4.41%)Share Statistics
EPS (TTM)4.31
Shares Outstanding57,477,405
10 Day Avg. Volume611,823
30 Day Avg. Volume387,906
Standard Deviation0.07
R-Squared0.36
Alpha-0.00813
Financial Highlights & Ratios
Price to Book (P/B)1.35
Price to Sales (P/S)2.25
Price to Cash Flow (P/CF)4.70
P/FCF Ratio6.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.05
Enterprise Value/Gross Profit3.70
Enterprise Value/Ebitda13.74
Forecast
1Y Price Target
$50.67Price Target Upside-17.41% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
Allete News
Pre-EarningsAllete Inc (ALE) Q3 Earnings Cheat Sheet
Ownership Overview
0.63% Insiders
27.44% Mutual Funds
44.62% Other Institutional Investors
27.31% Public Companies and
Individual Investors
ALE FAQ
What was Allete Inc’s price range in the past 12 months?
Allete Inc lowest stock price was $48.66 and its highest was $64.36 in the past 12 months.
What is Allete Inc’s market cap?
Currently, no data Available
When is Allete Inc’s upcoming earnings report date?
Allete Inc’s upcoming earnings report date is Feb 15, 2024 which is in 67 days.
How were Allete Inc’s earnings last quarter?
Allete Inc released its earnings results on Nov 02, 2023. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.84.
Is Allete Inc overvalued?
According to Wall Street analysts Allete Inc’s price is currently Overvalued.
Does Allete Inc pay dividends?
Allete Inc pays a Quarterly dividend of $0.68 which represents an annual dividend yield of 4.42%. See more information on Allete Inc dividends here
What is Allete Inc’s EPS estimate?
Allete Inc’s EPS estimate is $0.97.
How many shares outstanding does Allete Inc have?
Allete Inc has 57,477,406 shares outstanding.
What happened to Allete Inc’s price movement after its last earnings report?
Allete Inc reported an EPS of $1.49 in its last earnings report, beating expectations of $0.65. Following the earnings report the stock price went up 4.678%.
Which hedge fund is a major shareholder of Allete Inc?
Among the largest hedge funds holding Allete Inc’s share is Hotchkis & Wiley Capital Management LLC. It holds Allete Inc’s shares valued at 10M.
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Allete Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Sell
Average Price Target:
$50.67 (-17.41% Downside)
$50.67 (-17.41% Downside)
Blogger Sentiment
Bullish
ALE Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 47.1K Shares
Last Quarter.
Last Quarter.
News Sentiment
Positive
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-0.63%
12-Months-Change
Fundamentals
Return on Equity
9.04%
Trailing 12-Months
Asset Growth
-3.11%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Allete Inc
ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. 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. The Corporate and Other segment consists of other business development and corporate expenditure of the firm. The company was founded in 1906 and is headquartered in Duluth, MN.
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Top 5 ETFs holding ALE
Vanguard Total Stock Market ETF
$95.84M
Vanguard High Dividend Yield Index ETF
$13.89M
RBC QntUS DivLead Un
$4.89M
Vanguard Russell 3000 ETF
$201.04K
SPDR S&P 1500 Value Tilt ETF
$32.53K
Up to five ETFs with an Outperform Smart Score that hold ALE. The ETFs are listed according to market value of ALE within the ETF
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