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ALLETE Inc. (ALE)

63.72   -0.21 (-0.33%) 01-21 18:36
Open: 64.14 Pre. Close: 63.93
High: 65.25 Low: 63.69
Volume: 206,889 Market Cap: 3,350M
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
If tomorrow: Open lower Open higher
High: 65.376 - 65.747 65.747 - 66.15
Low: 62.65 - 63.061 63.061 - 63.507
Close: 62.949 - 63.66 63.66 - 64.432

Technical analysis

as of: 2022-01-21 4:24:40 PM
Overall:       
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 77.42     One year: 80.14
Support: Support1: 62.53    Support2: 52.02
Resistance: Resistance1: 66.29    Resistance2: 68.61
Pivot: 65.86
Moving Average: MA(5): 64.26     MA(20): 65.77
MA(100): 63.10     MA(250): 66.41
MACD: MACD(12,26): 0.07     Signal(9): 0.54
Stochastic oscillator: %K(14,3): 9.54     %D(3): 12.21
RSI: RSI(14): 41.63
52-week: High: 73.10  Low: 56.84  Change(%): 5.6
Average Vol(K): 3-Month: 246  10-Days: 235

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
ALE has closed above bottom band by 10.5%. Bollinger Bands are 0.9% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Tue, 11 Jan 2022
ALLETE Senior Vice President and Chief Financial Officer Robert Adams Announces Retirement Plans as Part of Orderly Transition - Business Wire

Mon, 10 Jan 2022
Mid-day market update: Nasdaq dips 300 points, Apria shares surge - FXStreet

Wed, 05 Jan 2022
Utilities Stocks Making Moves Wednesday: ALE, D, XEL, CMS, FLNC, ADNWW, HTOO, AZRE - InvestorsObserver

Mon, 03 Jan 2022
ED: 2 Utility Stocks to Avoid, According to Wall Street - StockNews.com

Sat, 01 Jan 2022
ALLETE, Inc.'s (NYSE:ALE) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock? - Nasdaq

Sun, 21 Nov 2021
12%of this ALLETE, Inc. (NYSE:ALE) insider's holdings were sold in the last year - Simply Wall St

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Outperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Utilities
Industry:  Utilities—Diversified
Shares Out. (M) 53
Shares Float (M) 52
% Held by Insiders 0.48
% Held by Institutions 75.63
Shares Short (K) 402
Shares Short P. Month (K) 448

Stock Financials

EPS 2.940
EPS Est This Year 3.360
EPS Est Next Year 3.650
Book Value (p.s.) 44.510
Profit Margin 11.52
Operating Margin 10.76
Return on Assets (ttm) 1.5
Return on Equity (ttm) 4.9
Qtrly Rev. Growth 17.5
Gross Profit (p.s.) 8.081
Sales Per Share 25.490
EBITDA (p.s.) 7.093
Qtrly Earnings Growth -32.20
Operating Cash Flow (M) 267
Levered Free Cash Flow (M) -261

Stock Valuations

PE Ratio 21.67
PEG Ratio
Price to Book value 1.43
Price to Sales 2.50
Price to Cash Flow

Stock Dividends

Dividend 2.510
Forward Dividend 2.520
Dividend Yield 0.04
Dividend Pay Date 2021-11-30
Ex-Dividend Date 2021-11-11
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