ALLETE, Inc. (ALE) |
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61.18 -1.15 (-1.85%)
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08-08 00:51 |
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Open: |
61.85 |
Pre. Close: |
62.33 |
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High:
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62.16 |
Low:
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60.78 |
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Volume:
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304,412 |
Market Cap:
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3,492(M) |
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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. |
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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62.19 - 62.6 |
62.6 - 62.95 |
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Low:
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59.98 - 60.39 |
60.39 - 60.72 |
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Close:
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60.58 - 61.24 |
61.24 - 61.79 |
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Technical analysis |
as of: 2022-08-05 4:20:04 PM |
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Overall:
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| Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected. |
| Target: |
Six months: 74.22 One year: 86.69 |
| Support: |
Support1: 59.26 Support2: 56.61 |
| Resistance: |
Resistance1: 63.54 Resistance2: 74.22 |
| Pivot: |
60.23  |
| Moving Average: |
MA(5): 62.13 MA(20): 59.79
MA(100): 61.16 MA(250): 62.63 |
| MACD: |
MACD(12,26): 0.8 Signal(9): 0.5 |
| Stochastic oscillator: |
%K(14,3): 79.9 %D(3): 88.1 |
| RSI: |
RSI(14): 56.5 |
| 52-week: |
High: 71.68 Low: 56.54 |
| Average Vol(K): |
3-Month: 309 (K) 10-Days: 260 (K) |
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Price, moving averages and Bollinger Bands |
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Price has closed below 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 NEUTRAL in short-term; and NEUTRAL in mid-long term.[ ALE ] has closed below upper band by 36.7%. Bollinger Bands are 52.2% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 2 days. This is a sign that the current trend might continue. |
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Headline News |
Sat, 06 Aug 2022
NC bar hired unlicensed security before teen shot dead, ALE says; alcohol permit suspended - CBS17.com
Sat, 06 Aug 2022
Stepping on the Scale with the Shrinking yet Progressing Ulumoo Ale - Sports Illustrated
Fri, 05 Aug 2022
What are the different kinds of beers called? IPA, stout, lager, ale - AS USA
Fri, 05 Aug 2022
International Beer Day 2022: Ale vs lager? Beer types, explained. - USA TODAY
Thu, 04 Aug 2022
Blackhawks Tease New Pale Ale Beer Collab With Goose Island - On Tap Sports Net
Thu, 04 Aug 2022
National IPA Day was started in 2011 to celebrate India pale ale - UPI News
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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 |
53 (M) |
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% Held by Insiders
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0.4 (%) |
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% Held by Institutions
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75.8 (%) |
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Shares Short
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1,770 (K) |
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Shares Short P.Month
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1,610 (K) |
Stock Financials |
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EPS
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3.48 |
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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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45.95 |
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Profit Margin (%)
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12.5 |
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Operating Margin (%)
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11.5 |
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Return on Assets (ttm)
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1.6 |
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Return on Equity (ttm)
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4.6 |
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Qtrly Rev. Growth
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13.1 |
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Gross Profit (p.s.)
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7.95 |
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Sales Per Share
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25.61 |
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EBITDA (p.s.)
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7.06 |
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Qtrly Earnings Growth
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25.2 |
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Operating Cash Flow
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170 (M) |
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Levered Free Cash Flow
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-284 (M) |
Stock Valuations |
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PE Ratio
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17.58 |
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PEG Ratio
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1.8 |
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Price to Book value
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1.33 |
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Price to Sales
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2.38 |
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Price to Cash Flow
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20.48 |
Stock Dividends |
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Dividend
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0.64 |
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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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