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Market Cap 3.30B P/E 18.23 EPS this Y -11.90% Ern Qtrly Grth -0.40%
Income 247.1M Forward P/E 14.22 EPS next Y 9.80% 50D Avg Chg -2.00%
Sales 1.88B PEG 2.05 EPS past 5Y 2.50% 200D Avg Chg -6.00%
Dividend 5.00% Price/Book 1.22 EPS next 5Y 8.10% 52W High Chg -15.00%
Recommedations 2.70 Quick Ratio 0.55 Shares Outstanding 57.67M 52W Low Chg 21.00%
Insider Own 0.42% ROA 1.76% Shares Float 57.38M Beta 0.74
Inst Own 78.74% ROE 5.30% Shares Shorted/Prior 1.23M/1.33M Price 57.60
Gross Margin 26.06% Profit Margin 13.15% Avg. Volume 272,679 Target Price 61.97
Oper. Margin 10.65% Earnings Date Aug 6 Volume 274,120 Change 1.11%
About Allete, Inc.

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. In addition, 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 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company 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.

Allete, Inc. News
05/09/24 ALLETE, Inc. reports first quarter 2024 earnings
05/07/24 Unitil (UTL) Q1 Earnings Beat Estimates
05/07/24 New Strong Sell Stocks for May 7th
05/07/24 Allete agrees to $6.2B sale to Canadian pension fund, New York private equity firm
05/07/24 CPP Investments and GIP to take Allete private in $6.2bn deal
05/06/24 Utility, Clean Energy Company Allete to Go Private in $6.2B Deal
05/06/24 Allete to Go Private in $6.2 Billion Deal
05/06/24 Update: ALLETE to be Acquired by Canada Pension Plan Investment Board and Global Infrastructure Partners for $67 Per Share
05/06/24 US utility Allete goes private in $6.2 billion deal
05/06/24 UPDATE 4-US utility Allete goes private in $6.2 billion deal
05/06/24 ALLETE Enters Agreement to be Acquired by a Partnership Led by Canada Pension Plan Investment Board and Global Infrastructure Partners to Advance ‘Sustainability-in-Action’ Strategy
05/03/24 Minnesota Power Reaches Electric Rate Settlement With State Agencies and Large Power Customers
05/02/24 A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
04/25/24 NT Solar Celebrates New Impact Investment Fund & Series of Successful Transactions
04/25/24 ALLETE Board of Directors declares dividend on common stock
04/17/24 New Strong Sell Stocks for April 17th
04/16/24 ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
04/13/24 ALLETE, Inc. (NYSE:ALE) is favoured by institutional owners who hold 77% of the company
03:30 PM ALLETE to Announce First Quarter Financial Results May 9
03/27/24 The past five years for ALLETE (NYSE:ALE) investors has not been profitable
ALE Chatroom

User Image Avocado_smash Posted - 1 day ago

Ex dividend week of 05/13: (3) $ARR $ALE $CBFV $CC $LARK

User Image UncleStock Posted - 2 days ago

$OTTR $ALE $AGR $NEP suggested for Electricity - value screen: https://zpr.io/HKQYL

User Image epsguid Posted - 3 days ago

$ALE reported earnings of $1.03, consensus was $1.09 via @eWhispers #epsmiss http://eps.sh/d/ale

User Image Stock_Titan Posted - 3 days ago

$ALE ALLETE, Inc. reports first quarter 2024 earnings https://www.stocktitan.net/news/ALE/allete-inc-reports-first-quarter-2024-578dzuzk58k7.html

User Image StockInvest_us Posted - 4 days ago

Signal alert: $ALE - GoldenStar https://stockinvest.us/l/gYI8UCtfgZ

User Image Stocksrunner Posted - 6 days ago

📈 Today's Top Trending 1/2📰 $AAPL Its premarket dip post-Buffett's stake cut sparks discussions on its prospects and future strategies. $ALE hits analyst target price and announces a $6.2B acquisition, stirring talks on its trajectory. $AMZN Surprising reasons to buy Amazon stock emerge amidst strong quarterly results, while its AI potential and Musk-Bezos interaction at the Miami Grand Prix ignite speculation. $BA secures a $460M contract, yet caution lingers amid setbacks. $BLUE Bluebird bio announces its Q1 2024 results call.

User Image OpenOutcrier Posted - 6 days ago

$ALE (-0.4% pre) ALLETE, Inc. (ALE) to be Acquired by a Partnership Led by CPP and GIP for $67 Per Share, $6.2 Billion Deal - SI https://ooc.bz/l/32236

User Image DonCorleone77 Posted - 6 days ago

$ALE Allete to be acquired for $67.00 per share in cash Allete and a partnership led by Canada Pension Plan Investment Board, or CPP Investments, and Global Infrastructure Partners, jointly announced that they have entered into a definitive agreement under which the partnership will acquire Allete for $67.00 per share in cash, or $6.2B including the assumption of debt. In connection with the merger, CPP Investments and GIP will acquire all of the outstanding common shares of Allete for $67.00 per share in cash representing an enterprise value of approximately $6.2B, including Allete's net debt. This represents a premium of approximately 19.1% to Allete's closing share price on December 4, 2023, the date prior to a media article reporting that Allete was exploring a sale. The consideration also represents a 22.1% premium to the 30-day volume weighted average share price prior to that date. The acquisition was unanimously approved by Allete's board of directors and is expected to close in mid-2025, subject to the approval of Allete's shareholders, the receipt of regulatory approvals, including by the MPUC, PSCW and FERC, and other customary closing conditions. Dividends payable to Allete shareholders are expected to continue in the ordinary course until the closing, subject to approval by Allete's board of directors. Upon completion of the acquisition, Allete's shares will no longer trade on the New York Stock Exchange, and Allete will become a private company.

User Image StockInvest_us Posted - 1 week ago

Signal alert: $ALE - GoldenStar https://stockinvest.us/l/b08RY4if3q

User Image Stock_Titan Posted - 1 week ago

$ALE Minnesota Power Reaches Electric Rate Settlement With State Agencies and Large Power Customers https://www.stocktitan.net/news/ALE/minnesota-power-reaches-electric-rate-settlement-with-state-agencies-yswrjaze4v3h.html

User Image 13Predator84 Posted - 1 week ago

$ALE now pre -9% 🤔

User Image OpenOutcrier Posted - 1 week ago

$ALE (+5.0% pre) GIP, CPP could buy utility company Allete for $5B https://ooc.bz/l/32111

User Image 13Predator84 Posted - 1 week ago

$ALE sbaaaaammmm!!!

User Image smartkarma Posted - 1 week ago

🚨 BREAKING: GIP & CPP NEAR $5B DEAL FOR UTILITY GROUP ALLETE: FT $ALE

User Image UncleStock Posted - 1 week ago

$OTTR $ALE $AGR $NEP suggested for Electricity - value screen: https://zpr.io/HKQYL

User Image TalkMarkets Posted - 04/30/24

Two Utility Stocks That Can Gain From #AI’s Growing Energy Demand $ALE $ETR Also $AMD $MSFT $NVDA https://talkmarkets.com/content/stocks--equities/two-utility-stocks-that-can-gain-from-ais-growing-energy-demand?post=443495

User Image StockInvest_us Posted - 04/26/24

Signal alert: $ALE - GoldenStar https://stockinvest.us/l/hprfuEFExW

User Image StockInvest_us Posted - 04/20/24

Signal alert: $ALE - GoldenStar https://stockinvest.us/l/ULVkK4GuAB

User Image Stock_Titan Posted - 4 weeks ago

$ALE ALLETE to Announce First Quarter Financial Results May 9 https://www.stocktitan.net/news/ALE/allete-to-announce-first-quarter-financial-results-may-8t2c682f2lxj.html

User Image StockInvest_us Posted - 1 month ago

Signal alert: $ALE - Double Top https://stockinvest.us/l/6N7qvwXxyD

User Image UncleStock Posted - 1 month ago

$GNE $OTTR $ALE $AGR suggested for Electricity - value screen: https://zpr.io/HKQYL

User Image StockInvest_us Posted - 1 month ago

Signal alert: $ALE - GoldenStar https://stockinvest.us/l/KvragjiefA

User Image KenFaulkenberry Posted - 03/24/24

Highest Yielding Utilities in each Dividend Value Builder Risk/Stability grade: Symbol - Company Name (Risk/Stability Grade) - Yield None (A) $AWR - American States Water (B) - 2.4% $EVRG - Evergy (C) - 5.0% $ALE - Allete (C) - 4.8% $UGI - UGI Corp. (D) - 6.2% $NEP - NextEra Energy Partners (F) - 12.2% Diversification Option: Utilities Select Sector SPDR Fund ETF (XLU)

User Image UncleStock Posted - 2 months ago

$GNE $OTTR $ALE $VST suggested for Electricity - value screen: https://zpr.io/HKQYL

User Image Fullratio Posted - 2 months ago

Utilities sector stocks with high YoY revenue growth in Q4 2023: $NEE $AWR $ALE

User Image UncleStock Posted - 2 months ago

$GNE $OTTR $ALE $NEP suggested for Electricity - value screen: https://zpr.io/HKQYL

User Image Stock_Titan Posted - 02/27/24

$ALE New Energy Equity announces Tim Ahrens as Senior Vice President of Development https://www.stocktitan.net/news/ALE/new-energy-equity-announces-tim-ahrens-as-senior-vice-president-of-rxd6f1v944b1.html

User Image UncleStock Posted - 02/25/24

$WLK $LPRO $ALE suggested for #Windenergy - value screen: https://zpr.io/nhQHw

User Image TickerDD_com Posted - 02/20/24

From 2/14/2024, looking back across 22 Month-Ends for ALE, Percentage Change of Average Monthly Price had More Negatives (64%) while Percentage Change of Average Monthly Volume had More Positives (95%) $ALE #ALE #ALEStock #TickerDD #ALEPrice https://www.youtube.com/watch?v=97mN_NmOEfo

User Image DonCorleone77 Posted - 02/20/24

$ALE Allete reports Q4 EPS 89c, consensus 97c Reports Q4 revenue $402.7 M, consensus $425.3M. "We are very pleased with our solid financial results in 2023 and our team's execution of strategic initiatives that will drive strong earnings growth and investment in clean energy for years to come," said CEO Bethany Owen. "Allete's Sustainability in Action strategy is gaining momentum, with important regulatory decisions in 2024, that will further support Minnesota Power's EnergyForward clean energy transformation. Our updated five-year capital expenditure plan of $4.3B reflects the tremendous growth opportunities at Minnesota Power. We've added approximately $1B to our previous plan, reflecting the significant investments in regulated renewable and transmission projects necessary to advance a clean-energy future and meet state carbon-free energy goals...we project that ALLETE will achieve our annual growth objective of 5%-7% commencing in 2025, through our forecast period of 2028..."

Analyst Ratings
Wells Fargo Equal-Weight Feb 21, 24
Guggenheim Neutral Jan 22, 24
Sidoti & Co. Neutral Jan 10, 24
Mizuho Neutral Jul 21, 23
Guggenheim Sell Jul 7, 23
B of A Securities Underperform Jun 27, 23
B of A Securities Neutral May 5, 23
Sidoti & Co. Buy Apr 6, 23
Wells Fargo Equal-Weight Jan 30, 23