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Allete Inc (ALE)
NYSE:ALE
Allete (ALE) Stock Price & Analysis
230 Followers
ALE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$46.73 - $66.69
Previous Close$64.61
Volume13.46K
Average Volume (3M)309.17K
Market Cap
$3.64B
Enterprise Value$6.25B
Total Cash (Recent Filing)$36.40M
Total Debt (Recent Filing)$1.93B
Price to Earnings (P/E)19.0
Beta0.65
Next Earnings
May 04, 2023EPS Estimate
$1.18Last Dividend Ex-Date
Feb 14, 2023Dividend Yield
2.62 (4.13%)Share Statistics
EPS (TTM)3.41
Shares Outstanding57,252,864
10 Day Avg. Volume393,502
30 Day Avg. Volume309,166
Standard Deviation0.07
R-Squared0.33
Alpha-0.00285
Financial Highlights & Ratios
Price to Book (P/B)1.40
Price to Sales (P/S)3.09
Price to Cash Flow (P/CF)15.60
P/FCF Ratio-10.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.98
Enterprise Value/Gross Profit13.99
Enterprise Value/Ebitda14.72
Forecast
1Y Price Target
$62.00Price Target Upside-2.52% Downside
Rating ConsensusHold
Number of Analyst Covering5
Allete News
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Product Monthly Users
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ALE FAQ
What was Allete Inc’s price range in the past 12 months?
Allete Inc lowest stock price was $46.73 and its highest was $66.69 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 May 04, 2023 which is in 44 days.
How were Allete Inc’s earnings last quarter?
Allete Inc released its earnings results on Feb 16, 2023. The company reported $0.9 earnings per share for the quarter, missing the consensus estimate of $1.163 by -$0.263.
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 4.13%. See more information on Allete Inc dividends here
What is Allete Inc’s EPS estimate?
Allete Inc’s EPS estimate is $1.18.
How many shares outstanding does Allete Inc have?
Allete Inc has 57,252,865 shares outstanding.
What happened to Allete Inc’s price movement after its last earnings report?
Allete Inc reported an EPS of $0.9 in its last earnings report, missing expectations of $1.163. Following the earnings report the stock price went up 2.217%.
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
Hold
Average Price Target:
$62.00 (-2.52% Downside)
$62.00 (-2.52% Downside)
Blogger Sentiment
Bullish
ALE Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 477.0 Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
3.75%
12-Months-Change
Fundamentals
Return on Equity
7.42%
Trailing 12-Months
Asset Growth
6.28%
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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