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Allete Inc (ALE)
NYSE:ALE
Holding ALE?
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ALE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$49.29 - $65.86
Previous Close$63.48
Volume210.17K
Average Volume (3M)383.43K
Market Cap
$3.66B
Enterprise Value$5.99B
Total Cash (Recent Filing)$37.50M
Total Debt (Recent Filing)$1.79B
Price to Earnings (P/E)16.5
Beta0.61
Next Earnings
Nov 06, 2024EPS Estimate
$1.02Last Dividend Ex-Date
Aug 15, 2024Dividend Yield4.4%
Share Statistics
EPS (TTM)3.84
Shares Outstanding57,753,513
10 Day Avg. Volume197,757
30 Day Avg. Volume383,430
Standard Deviation0.07
R-Squared0.37
Alpha-0.00907
Financial Highlights & Ratios
Price to Book (P/B)1.37
Price to Sales (P/S)2.38
Price to Cash Flow (P/CF)7.90
P/FCF Ratio7.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.59
Enterprise Value/Gross Profit12.22
Enterprise Value/Ebitda8.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Allete News
PremiumCompany Announcements
Allete Shareholders Approve Merger and Executive Compensation
Bulls Say, Bears Say
Bulls Say
AcquisitionHolders will receive $67 per share in cash, representing a premium of about 19.1% to Allete’s closing share price.
Capital ExpenditureALE plans to increase capital expenditures by 30%, signaling confidence in future growth opportunities and investment in infrastructure.
Financial GrowthThe long-term outlook remains positive with the company maintaining its 5-7% earnings per share growth target through the next several years.
Bears Say
Financial GuidanceALE's guidance for the upcoming year fell short of the consensus estimate, which has contributed to a decline in share value.
Merger CommunicationALE will not be hosting a call to discuss the merger and canceled their 1Q24 call.
Regulatory ApprovalThe transaction will require regulatory approval from multiple authorities, which can be a lengthy and uncertain process.
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Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
ALE FAQ
What was Allete Inc’s price range in the past 12 months?
Allete Inc lowest stock price was $49.29 and its highest was $65.86 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 Nov 06, 2024 which is in 59 days.
How were Allete Inc’s earnings last quarter?
Allete Inc released its earnings results on Aug 01, 2024. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.89 by -$0.32.
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 $0.7 which represents an annual dividend yield of 4.4%. See more information on Allete Inc dividends here
What is Allete Inc’s EPS estimate?
Allete Inc’s EPS estimate is $1.02.
How many shares outstanding does Allete Inc have?
Allete Inc has 57,754,295 shares outstanding.
What happened to Allete Inc’s price movement after its last earnings report?
Allete Inc reported an EPS of $0.57 in its last earnings report, missing expectations of $0.89. Following the earnings report the stock price went down -0.69%.
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.
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Allete Stock Smart Score
Unlock Smart Score
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Blogger Sentiment
Bullish
ALE Sentiment 100%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Increased
By 65.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.6%
Last 30 Days ▲ 11.3%
Last 30 Days ▲ 11.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
21.95%
12-Months-Change
Fundamentals
Return on Equity
7.96%
Trailing 12-Months
Asset Growth
1.42%
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.
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ALE Company Deck
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ALE Earnings Call
Q4 2024
0:00 / 0:00
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ALE Stock 12 Month Forecast
Average Price Target
―Technical Analysis
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