stoxline Quote Chart Rank Option Currency Glossary
  
ALLETE, Inc. (ALE)
59.79  -0.01 (-0.02%)    04-24 15:24
Open: 59.17
High: 59.91
Volume: 100,403
  
Pre. Close: 59.8
Low: 59.17
Market Cap: 3,448(M)
Technical analysis
2024-04-24 2:49:24 PM
Short term     
Mid term     
Targets 6-month :  71.25 1-year :  83.23
Resists First :  61 Second :  71.25
Pivot price 59.11
Supports First :  58.32 Second :  56.65
MAs MA(5) :  59.55 MA(20) :  59.23
MA(100) :  59.16 MA(250) :  57.89
MACD MACD :  0.2 Signal :  0.1
%K %D K(14,3) :  73.3 D(3) :  69.5
RSI RSI(14): 56.9
52-week High :  63.7 Low :  49.29
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ ALE ] has closed below upper band by 32.5%. Bollinger Bands are 5.2% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 60.37 - 60.67 60.67 - 60.87
Low: 58.6 - 59 59 - 59.26
Close: 59.21 - 59.83 59.83 - 60.22
Company Description

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 energy 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.

Headline News

Mon, 22 Apr 2024
ALLETE (NYSE:ALE) Has Announced That It Will Be Increasing Its Dividend To US$0.65 - Yahoo Movies Canada

Tue, 02 Apr 2024
SG Americas Securities LLC Trims Stock Holdings in ALLETE, Inc. (NYSE:ALE) - MarketBeat

Fri, 22 Mar 2024
With 77% ownership of the shares, ALLETE, Inc. (NYSE:ALE) is heavily dominated by institutional owners - Simply Wall St

Tue, 20 Feb 2024
Allete Inc Projects Earnings Growth with Renewables Focus - TipRanks.com - TipRanks

Tue, 20 Feb 2024
ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment ... - Business Wire

Tue, 20 Feb 2024
ALLETE, Inc. (ALE) Q4 2023 Earnings Call Transcript - Seeking Alpha

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Utilities
Industry:
Diversified Utilities
Shares Out 58 (M)
Shares Float 57 (M)
Held by Insiders 0.4 (%)
Held by Institutions 78.8 (%)
Shares Short 1,290 (K)
Shares Short P.Month 1,220 (K)
Stock Financials
EPS 4.3
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 48.77
Profit Margin 13.1 %
Operating Margin 10.6 %
Return on Assets (ttm) 1.7 %
Return on Equity (ttm) 5.3 %
Qtrly Rev. Growth -5.5 %
Gross Profit (p.s.) 0
Sales Per Share 32.59
EBITDA (p.s.) 7.68
Qtrly Earnings Growth -1.3 %
Operating Cash Flow 585 (M)
Levered Free Cash Flow 176 (M)
Stock Valuations
PE Ratio 13.9
PEG Ratio 1.8
Price to Book value 1.22
Price to Sales 1.83
Price to Cash Flow 5.89
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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