ALLETE, Inc. (ALE) |
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63.3 2.52 (4.15%)
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03-24 16:00 |
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Open: |
60.89 |
Pre. Close: |
60.78 |
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High:
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63.3 |
Low:
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60.89 |
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Volume:
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308,434 |
Market Cap:
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3,624(M) |
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Technical analysis |
as of: 2023-03-24 4:23:54 PM |
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Overall:
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 |
| Stoxline posted a SELL today, same as yesterday. Downward movement continues. |
| Target: |
Six months: 75.74  One year: 88.46 |
| Support: |
Support1: 61.69 Support2: 59.75 |
| Resistance: |
Resistance1: 64.84 Resistance2: 75.74 |
| Pivot: |
62.15 |
| Moving Average: |
MA(5): 62.37  MA(20): 62
MA(100): 62.67 MA(250): 60.53 |
| MACD: |
MACD(12,26): 0.1 Signal(9): 0.1 |
| Stochastic oscillator: |
%K(14,3): 34.7 %D(3): 40.5 |
| RSI: |
RSI(14): 55 |
| 52-week: |
High: 68.45 Low: 47.77 |
| Average Vol(K): |
3-Month: 314 (K) 10-Days: 369 (K) |
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Price, moving averages and Bollinger Bands |
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Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below 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 29.2%. Bollinger Bands are 4.1% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices. |
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Stock Price Prediction |
Update at 5:00pm EST |
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If tomorrow:
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Open lower
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Open higher
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High:
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63.36 - 63.6 |
63.6 - 63.88 |
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Low:
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59.94 - 60.2 |
60.2 - 60.49 |
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Close:
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62.81 - 63.23 |
63.23 - 63.72 |
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Company Description |
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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 |
Sat, 25 Mar 2023
Bank of New York Mellon Corp Acquires 25896 Shares of ALLETE ... - MarketBeat
Thu, 23 Mar 2023
ALLETE : Annual Report for 2022 - Marketscreener.com
Wed, 22 Mar 2023
ALLETE, Inc. (NYSE:ALE) Given Average Recommendation of "Hold ... - MarketBeat
Fri, 17 Mar 2023
ALLETE : West Coast Utilities Conference – March 2023 - Marketscreener.com
Wed, 15 Mar 2023
ALE Crosses Above Average Analyst Target - Nasdaq
Tue, 07 Mar 2023
ALLETE, Inc. (NYSE:ALE) Shares Sold by UBS Group AG - MarketBeat
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Financial Analysis |
| Price to Book Value: |
Outperform |
| P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly. |
| Price to Earnings: |
Outperform |
| PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS). |
| Discounted cash flow: |
Outperform |
| DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows. |
| Return on Assets: |
Neutral |
| ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit. |
| Return on Equity: |
Neutral |
| ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency. |
| Debt to Equity: |
Outperform |
| evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn. |
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Stock Basics & Statistics |
| Exchange: NYSE |
| Sector: Utilities |
| Industry: Utilities—Diversified |
| Shares Out. |
57 (M) |
| Shares Float |
57 (M) |
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% Held by Insiders
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0.3 (%) |
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% Held by Institutions
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77.4 (%) |
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Shares Short
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1,020 (K) |
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Shares Short P.Month
|
690 (K) |
Stock Financials |
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EPS
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3.41 |
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EPS Est Next Qtl
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0.75 |
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EPS Est This Year
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3.35 |
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EPS Est Next Year
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3.65 |
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Book Value (p.s.)
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47.06 |
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Profit Margin (%)
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12 |
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Operating Margin (%)
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9.1 |
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Return on Assets (ttm)
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1.3 |
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Return on Equity (ttm)
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4.1 |
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Qtrly Rev. Growth
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6.6 |
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Gross Profit (p.s.)
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7.8 |
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Sales Per Share
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27.42 |
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EBITDA (p.s.)
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6.75 |
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Qtrly Earnings Growth
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-23.4 |
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Operating Cash Flow
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221 (M) |
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Levered Free Cash Flow
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-241 (M) |
Stock Valuations |
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PE Ratio
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18.56 |
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PEG Ratio
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1.9 |
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Price to Book value
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1.34 |
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Price to Sales
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2.3 |
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Price to Cash Flow
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16.37 |
Stock Dividends |
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Dividend
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0.68 |
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Forward Dividend
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0 |
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Dividend Yield
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1% |
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Dividend Pay Date
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2021-11-30 |
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Ex-Dividend Date
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2021-11-11 |
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