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Allete Inc (ALE)
NYSE:ALE

Allete Stock Analysis & Ratings

ALE Stock Chart & Stats

Day’s Range$0 - $0
52-Week Range$56.55 - $73.10
Previous Close$58.57
Volume224.56K
Average Volume (3M)360.39K
Market CapN/A
Enterprise ValueN/A
P/E Ratio16.9
Beta1.69
Next EarningsAug 03, 2022
Dividend Yield2.56 (4.3%)
Smart Score6


Financials

Yearly

P/E Ratio Range

The price to earnings ratio. This is used by investors to assess a stock’s market price relative to its earnings.

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Risk Analysis

Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services

Product Monthly Users

Sorry, No Data Available
There is no website visitor data available for this stock.

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ALE FAQ

What was Allete’s price range in the past 12 months?
Allete lowest stock price was $56.55 and its highest was $73.10 in the past 12 months.
    What is Allete’s market cap?
    Currently, no data Available
    What is Allete’s price target?
    The average price target for Allete is $63.50. This is based on 2 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
    The highest analyst price target is $64.00 ,the lowest forecast is $63.00. The average price target represents 8.42% Increase from the current price of $58.57.
      What do analysts say about Allete?
      Allete’s analyst rating consensus is a ‘Moderate Sell. This is based on the ratings of 2 Wall Streets Analysts.
        When is Allete’s upcoming earnings report date?
        Allete’s upcoming earnings report date is Aug 03, 2022 which is in 34 days.
          How were Allete’s earnings last quarter?
          Allete released its earnings results on May 05, 2022. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.44 by -$0.2.
            Is Allete overvalued?
            According to Wall Street analysts Allete’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
              Does Allete pay dividends?
              Allete pays a Quarterly dividend of $0.65 which represents an annual dividend yield of 4.3%. Allete’s last Quarterly dividend payment was on Jun 01, 2022. Allete’s upcoming ex-dividend date is May 13, 2022
                What is Allete’s EPS estimate?
                Allete’s EPS estimate is $0.63.
                  How many shares outstanding does Allete have?
                  Allete has 56,988,808 shares outstanding.
                    What happened to Allete’s price movement after its last earnings report?
                    Allete reported an EPS of $1.24 in its last earnings report, missing expectations of $1.44. Following the earnings report the stock price went down -2.65%.
                      Which hedge fund is a major shareholder of Allete?
                      Among the largest hedge funds holding Allete’s share is Hotchkis & Wiley Capital Management LLC. It holds Allete’s shares valued at 11M.

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                        Allete Stock Analysis

                        The Allete stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.
                        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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