Latest On ALLETE, Inc (ALE):
| Date/Time | Type | Description | Signal | Details |
|---|---|---|---|---|
| 2024-08-15 05:40 EST | Dividend | A dividend of $0.71 has been announced on Jul 25, 2024. It will be paid Sep 1, 2024 with an ex-dividend date of Aug 15, 2024. | Neutral |  |
| 2024-05-14 05:40 EST | Dividend | A dividend of $0.71 has been announced on Apr 25, 2024. It will be paid Jun 1, 2024 with an ex-dividend date of May 14, 2024. | Neutral | |
| 2024-02-14 04:41 EST | Dividend | A dividend of $0.71 has been announced on Jan 26, 2024. It will be paid Mar 1, 2024 with an ex-dividend date of Feb 14, 2024. | Neutral | |
| 2023-11-14 04:40 EST | Dividend | A dividend of $0.68 has been announced on Oct 27, 2023. It will be paid Dec 1, 2023 with an ex-dividend date of Nov 14, 2023. | Neutral | |
| 2023-08-14 05:40 EST | Dividend | A dividend of $0.68 has been announced on Jul 31, 2023. It will be paid Sep 1, 2023 with an ex-dividend date of Aug 14, 2023. | Neutral | |
About ALLETE, Inc (ALE):
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable ene read more...rgy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
General
- Name ALLETE, Inc
- Symbol ALE
- Type Common Stock
- Exchange NYSE
- Currency USD
- Country USA
- SectorUtilities
- IndustryUtilities-Diversified
- Full Time Employees 1,322
- Last Split Factor1:3
- Last Split Date2004-09-21
- Fiscal Year EndDecember
- IPO Date1973-05-03
- Gic SectorUtilities
- Gic GroupUtilities
- Gic IndustryElectric Utilities
- Gic SubIndustryElectric Utilities
- Web URLhttp://www.allete.com
Valuation
- Trailing PE 20.4
- Forward PE 19.42
- Price/Sales (Trailing 12 Mt.) 2.82
- Price/Book (Most Recent Quarter) 1.45
- Enterprise Value Revenue 4.35
- Enterprise Value EBITDA 12.24
Financials
- Most Recent Quarter 2020-12-31
- Current Year EPS Estimate $3.19
- Next Year EPS Estimate $3.87
- Next Quarter EPS Estimate $1.15
- Profit Margin 15%
- Operating Margin 14%
- Return on Assets 2%
- Return on Equity 6%
- Revenue 1.17 billion
- Earnings Per Share $3.35
- Revenue Per Share $22.53
- Gross Profit 424.8 million
- Quarterly Earnings Growth 5.2%
Highlights
- Market Capitalization 3.56 billion
- EBITDA 376.3 million
- PE Ratio 16.6
- PEG Ratio 4.71
- Analyst Target Price $69.2
- Book Value Per Share $44.04
Share Statistics
- Shares Outstanding 52.12 million
- Shares Float 51.9 million
- % Held by Insiders 46%
- % Held by Institutions 73.36%
- Shares Short 1.13 million
- Shares Short Prior Month 964991
- Short Ratio 3.22
- Short % of Float 3%
- Short % of Shares Outstanding 2%
Technicals
- Beta 0.44
- 52 Week High $72.15
- 52 Week Low $46.74
- 50 Day Moving Average 64.97
- 200 Day Moving Average 59.11
Dividends
- Forward Annual Dividend Rate $2.52
- Forward Annual Dividend Yield 3.63%
- Payout Ratio 71%
- Dividend Date 2021-03-01
- ExDividend Date 2021-02-12
- Dividend Per Share $2.47
- Dividend Yield 4.32%
ALLETE, Inc (ALE) Dividend Calendar:
ALLETE, Inc pays an annual dividend of $2.52 per share, with a dividend yield of 4.32%.
ALE's last dividend payment was made to shareholders on March 1, 2021.
ALLETE, Inc pays out 71% of its earnings out as a dividend.
ALLETE, Inc (ALE) Earnings History:
Companies typically report earnings on both a quarterly and annual basis. Earnings reported that deviate from analysts' expectations can have a large impact on a stock's price.
ALLETE, Inc (ALE) Company Financial Statements:
Financial statements are reports prepared by a company's management to present their financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, and statement of cash flows.
Income Statement:
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Cash Flow:
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Balance Sheet:
| Date |
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ALLETE, Inc (ALE) Chart:
ALLETE, Inc (ALE) News:
Below you will find a list of latest news for ALLETE, Inc (ALE) from major news sources. You can filter the results to only show news from a specific source.
No recent news available
ALLETE, Inc (ALE) Options:
A stock option is a contract between two parties in which the stock option buyer (holder) purchases the right (but not the obligation) to buy/sell 100 shares of an underlying stock at a predetermined price from/to the option seller (writer) within a fixed period of time.
Latest ALE Trades:
ALLETE, Inc (ALE) SEC Filings:
An SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings.
| Date | Form Type | View |
|---|---|---|
| 2020-09-14 | 8-K (Current report) | |
| 2020-09-11 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-08-05 | 10-Q (Quarterly report [Sections 13 or 15(d)]) | |
| 2020-08-04 | 3 (Initial statement of beneficial ownership of securities) | |
| 2020-07-31 | 8-K (Current report) | |
| 2020-06-25 | 11-K (Annual report of employee stock purchase, savings and similar plans) | |
| 2020-06-25 | 11-K (Annual report of employee stock purchase, savings and similar plans) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-06-03 | 4 (Statement of changes in beneficial ownership of securities) | |
| 2020-05-15 | 8-K (Current report) | |
| 2020-05-06 | 10-Q (Quarterly report [Sections 13 or 15(d)]) | |
| 2020-05-06 | 424B2 (Prospectus [Rule 424(b)(2)]) | |
| 2020-04-14 | DEFA14A (Additional definitive proxy soliciting materials and Rule 14(a)(12) material) | |
| 2020-04-14 | 8-K (Current report) | |
ALLETE, Inc (ALE) Insider Transactions:
Here you will find a list of insider trading activities (stock purchases, sales, and option exercises) reported by insiders of ALLETE, Inc (ALE). Company insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
Insider Ownership: 46%
Institutional Ownership: 7336%
| Transaction Date | Insider Name | Insider Title | Type | Shares Number | Shares Price | Total Transaction | Shares Held After Transaction | Link |
|---|---|---|---|---|---|---|---|---|
| 2020-09-09 | BARBARA A NICK | Director | Buy | 1,575.20 | 4,275.20 | | ||
| 2020-06-01 | MADELEINE W LUDLOW | Director | Buy | 1,740.92 | 12,257.74 | | ||
| 2020-06-01 | George G Goldfarb | Director | Buy | 1,740.92 | 12,999.16 | | ||
| 2020-06-01 | James J Hoolihan | Director | Buy | 1,740.92 | 16,981.71 | | ||
| 2020-06-01 | KATHRYN W DINDO | Director | Buy | 1,740.92 | 18,024.83 | | ||
| 2020-06-01 | Heidi E Jimmerson | Director | Buy | 1,740.92 | 24,475.97 | | ||
| 2020-06-01 | SUSAN K NESTEGARD | Director | Buy | 1,740.92 | 4,815.56 | | ||
| 2020-06-01 | ROBERT P POWERS | Director | Buy | 1,740.92 | 5,202.70 | | ||
| 2020-06-01 | Douglas C Neve | Director | Buy | 1,740.92 | 9,848.32 | | ||
| 2020-03-16 | Alan R Hodnik | Executive Chairman | Sell | 6,000.00 | 58.00 | 348,000.00 | 52,868.11 | |
| 2020-02-21 | Alan R Hodnik | Executive Chairman | Sell | 6,000.00 | 80.39 | 482,340.00 | 58,407.68 | |
| 2020-02-20 | Robert John Adams | Sr VP & CFO | Sell | 500.00 | 79.82 | 39,910.00 | 5,138.52 | |
| 2020-02-20 | Robert John Adams | Sr VP & CFO | Sell | 4,919.00 | 79.78 | 392,437.82 | 5,638.52 | |
| 2020-01-30 | Margaret A Thickens | VP, CLO & Secretary | Buy | 674.40 | 1,031.66 | | ||
| 2020-01-30 | Robert John Adams | Sr VP & CFO | Buy | 3,158.58 | 11,896.52 | | ||
| 2020-01-30 | Nicole Renee Johnson | VP & Chief Admin Off | Buy | 1,122.85 | 3,590.33 | | ||
| 2020-01-30 | Patrick L Cutshall | VP & Corporate Treasurer | Buy | 968.85 | 4,375.63 | | ||
| 2020-01-30 | Alan R Hodnik | Executive Chairman | Buy | 14,385.24 | 70,381.21 | | ||
| 2020-01-30 | Steven Wayne Morris | VP, Controller, Ch. Acct. Off. | Buy | 968.85 | 7,619.23 | | ||
| 2020-01-30 | Bethany M Owen | President & CEO | Buy | 3,550.04 | 9,951.74 | |