Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Allete Inc (DE:AEBA)
BERLIN:AEBA
Allete (AEBA) Stock Price & Analysis
0 Followers
AEBA Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€45.43 - €56.28
Previous Close€55
Volume0.00
Average Volume (3M)47.00
Market Cap
€3.22B
Enterprise Value€5.39B
Total Cash (Recent Filing)$71.90M
Total Debt (Recent Filing)$1.79B
Price to Earnings (P/E)N/A
Beta0.52
Next Earnings
May 09, 2024EPS Estimate
€0.96Last Dividend Ex-Date
Feb 14, 2024Dividend Yield4.58%
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. VolumeN/A
30 Day Avg. Volume47
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.87
Enterprise Value/Gross Profit3.83
Enterprise Value/Ebitda9.87
Forecast
1Y Price Target
€54.15Price Target Upside-1.54% Downside
Rating ConsensusHold
Number of Analyst Covering2
Allete News
PremiumCompany Announcements
Allete Inc Announces Executive Retirement and Successor Search
PremiumCompany Announcements
Allete Inc Projects Earnings Growth with Renewables Focus
Bulls Say, Bears Say
Bulls Say
Capital ExpendituresALE plans to increase capital expenditures by 30%, signaling confidence in future growth opportunities and investment in infrastructure.
Earnings GrowthThe long-term outlook remains positive with the company maintaining its 5-7% earnings per share growth target through the next several years.
Investment OutlookThe price target for ALE has been increased, reflecting a lower applied price-to-earnings discount.
Bears Say
Cost ManagementManagement highlighted expense pressure as a key reason for the earnings guidance miss, indicating potential cost management issues.
Earnings GuidanceALE's guidance for the upcoming year fell short of the consensus estimate, which has contributed to a decline in share value.
Share Price ImpactALE's guidance midpoint for 2024 fell short of the consensus estimate, which led to a decline in share prices.
---
Options Prices
Currently, No data available
---
Ownership Overview
0.00% Insiders
0.00% Mutual Funds
0.65% Other Institutional Investors
99.35% Public Companies and
Individual Investors
AEBA FAQ
What was Allete Inc’s price range in the past 12 months?
Allete Inc lowest stock price was €45.42 and its highest was €56.28 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 09, 2024 which is in 14 days.
How were Allete Inc’s earnings last quarter?
Allete Inc released its earnings results on Feb 20, 2024. The company reported €0.834 earnings per share for the quarter, missing the consensus estimate of €0.908 by -€0.073.
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 €0.66 which represents an annual dividend yield of 4.58%. See more information on Allete Inc dividends here
What is Allete Inc’s EPS estimate?
Allete Inc’s EPS estimate is €0.96.
How many shares outstanding does Allete Inc have?
Currently, no data Available
What happened to Allete Inc’s price movement after its last earnings report?
Allete Inc reported an EPS of €0.834 in its last earnings report, missing expectations of €0.908. Following the earnings report the stock price went down -3.704%.
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 12M.
---
Allete Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
€54.15 (-1.54% Downside)
€54.15 (-1.54% Downside)
Blogger Sentiment
Bullish
DE:AEBA Sentiment 100%
Sector Average 73%
Sector Average 73%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-1.66%
12-Months-Change
Fundamentals
Return on Equity
8.98%
Trailing 12-Months
Asset Growth
-3.21%
Trailing 12-Months
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.
---
AEBA Company Deck
---
AEBA Earnings Call
Q4 2024
0:00 / 0:00
---
AEBA Stock 12 Months Forecast
Average Price Target
€54.15
▼(-1.54% Downside)
Technical Analysis
Allete
―
American Electric Power
―
CMS Energy
―
Consolidated Edison
―
Edison International
―
Best Analysts Covering AEBA
1 Year
1 Year Success Rate
2/3 ratings generated profit
1 Year Average Return
-0.70%
downgraded a sell rating 10 months ago
Copying Julien Dumoulin Smith's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of -0.70% per trade.
---