stoxline Quote Chart Rank Option Currency Glossary
  
ALLETE, Inc. (ALE)
64.56  0.09 (0.14%)    07-26 16:00
Open: 64.78
High: 64.84
Volume: 197,049
  
Pre. Close: 64.47
Low: 64.32
Market Cap: 3,729(M)
Technical analysis
2024-07-26 4:42:19 PM
Short term     
Mid term     
Targets 6-month :  75.8 1-year :  88.53
Resists First :  64.9 Second :  75.8
Pivot price 63.74
Supports First :  62.8 Second :  61.5
MAs MA(5) :  64.48 MA(20) :  63.31
MA(100) :  61.29 MA(250) :  58.61
MACD MACD :  0.5 Signal :  0.3
%K %D K(14,3) :  89.7 D(3) :  92.2
RSI RSI(14): 68.8
52-week High :  65.86 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 BULLISH in mid-long term.
[ ALE ] has closed below upper band by 18.7%. Bollinger Bands are 10.2% 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: 64.9 - 65.15 65.15 - 65.44
Low: 63.63 - 63.9 63.9 - 64.22
Close: 64.06 - 64.49 64.49 - 64.99
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

Fri, 26 Jul 2024
ALLETE, Inc. (NYSE:ALE) Announces Dividend of $0.70 - MarketBeat

Fri, 26 Jul 2024
CORRECTING and REPLACING ALLETE Board of Directors Declares Dividend on Common Stock - Business Wire

Thu, 25 Jul 2024
CORRECTING and REPLACING ALLETE Board of Directors Declares Dividend on Common Stock - StockTitan

Thu, 25 Jul 2024
ALLETE Board of Directors Declares Dividend on Common Stock - StockTitan

Wed, 24 Jul 2024
Janney Montgomery Scott LLC Decreases Position in ALLETE, Inc. (NYSE:ALE) - Defense World

Tue, 23 Jul 2024
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE - PR Newswire

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).
Underperform
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.
Neutral
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Utilities
Industry:
Diversified Utilities
Shares Out 58 (M)
Shares Float 57 (M)
Held by Insiders 0.2 (%)
Held by Institutions 78.7 (%)
Shares Short 993 (K)
Shares Short P.Month 964 (K)
Stock Financials
EPS 4.15
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 48.95
Profit Margin 13.9 %
Operating Margin 12.7 %
Return on Assets (ttm) 1.7 %
Return on Equity (ttm) 5.2 %
Qtrly Rev. Growth -28.7 %
Gross Profit (p.s.) 0
Sales Per Share 29.78
EBITDA (p.s.) 7.74
Qtrly Earnings Growth -13.4 %
Operating Cash Flow 553 (M)
Levered Free Cash Flow 175 (M)
Stock Valuations
PE Ratio 15.51
PEG Ratio 2.1
Price to Book value 1.31
Price to Sales 2.16
Price to Cash Flow 6.74
Stock Dividends
Dividend 0.69
Forward Dividend 0
Dividend Yield 1%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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