stoxline Quote Chart Rank Option Currency Glossary
58.33  -0.56 (-0.95%)    04-12 16:00
Open: 58.84
High: 59.2
Volume: 170,034
Pre. Close: 58.89
Low: 58.32
Market Cap: 3,359(M)
Technical analysis
2024-04-12 4:47:30 PM
Short term     
Mid term     
Targets 6-month :  69.35 1-year :  71.25
Resists First :  59.38 Second :  61
Pivot price 59.23
Supports First :  56.75 Second :  47.21
MAs MA(5) :  59.45 MA(20) :  58.94
MA(100) :  58.88 MA(250) :  58.04
MACD MACD :  0.3 Signal :  0.4
%K %D K(14,3) :  33.4 D(3) :  55.7
RSI RSI(14): 46.5
52-week High :  65.09 Low :  49.29
Price, MAs and Bollinger Bands

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 above bottom band by 22.4%. Bollinger Bands are 19% 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: 59.37 - 59.67 59.67 - 59.91
Low: 57.63 - 57.94 57.94 - 58.21
Close: 57.87 - 58.36 58.36 - 58.77
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

Sat, 13 Apr 2024
International Assets Investment Management LLC Purchases New Position in ALLETE, Inc. (NYSE:ALE) - Defense World

Fri, 12 Apr 2024
ALLETE to Announce First Quarter Financial Results May 9 - Business Wire

Thu, 11 Apr 2024
ALLETE, Inc. (NYSE:ALE) Receives Average Rating of “Reduce” from Brokerages - Defense World

Wed, 10 Apr 2024
Only Four Days Left To Cash In On ALLETE's (NYSE:ALE) Dividend - Yahoo Movies UK

Thu, 04 Apr 2024
AdvisorNet Financial Inc Sells 880 Shares of ALLETE, Inc. (NYSE:ALE) - Defense World

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

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.
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Stock Basics & Statistics
Diversified Utilities
Shares Out 58 (M)
Shares Float 57 (M)
Held by Insiders 0.4 (%)
Held by Institutions 79.1 (%)
Shares Short 1,330 (K)
Shares Short P.Month 1,020 (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 13.56
PEG Ratio 1.9
Price to Book value 1.19
Price to Sales 1.78
Price to Cash Flow 5.74
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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