ALLETE Inc. (ALE) |
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63.72 -0.21 (-0.33%)
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01-21 18:36 |
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Open: |
64.14 |
Pre. Close: |
63.93 |
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High:
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65.25 |
Low:
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63.69 |
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Volume:
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206,889 |
Market Cap:
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3,350M |
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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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65.376 - 65.747 |
65.747 - 66.15 |
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Low:
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62.65 - 63.061 |
63.061 - 63.507 |
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Close:
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62.949 - 63.66 |
63.66 - 64.432 |
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Technical analysis |
as of: 2022-01-21 4:24:40 PM |
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Overall:
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| 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 |
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Price, moving averages and Bollinger Bands |
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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. |
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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
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Financial Analysis |
| Growth |
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| Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing. |
| Profitability |
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| Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs. |
| Solvency |
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| Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry. |
| Efficiency |
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| 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 |
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| Free Technical Analysis Charts
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Stock Basics & Statistics |
| Exchange: NYSE |
| Sector: Utilities |
| Industry: Utilities—Diversified |
| Shares Out. (M) |
53 |
| Shares Float (M) |
52 |
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% Held by Insiders
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0.48 |
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% Held by Institutions
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75.63 |
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Shares Short (K)
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402 |
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Shares Short P. Month (K)
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448 |
Stock Financials |
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EPS
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2.940 |
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EPS Est This Year
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3.360 |
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EPS Est Next Year
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3.650 |
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Book Value (p.s.)
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44.510 |
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Profit Margin
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11.52 |
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Operating Margin
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10.76 |
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Return on Assets (ttm)
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1.5 |
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Return on Equity (ttm)
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4.9 |
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Qtrly Rev. Growth
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17.5 |
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Gross Profit (p.s.)
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8.081 |
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Sales Per Share
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25.490 |
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EBITDA (p.s.)
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7.093 |
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Qtrly Earnings Growth
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-32.20 |
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Operating Cash Flow (M)
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267 |
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Levered Free Cash Flow (M)
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-261 |
Stock Valuations |
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PE Ratio
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21.67 |
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PEG Ratio
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Price to Book value
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1.43 |
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Price to Sales
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2.50 |
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Price to Cash Flow
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Stock Dividends |
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Dividend
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2.510 |
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Forward Dividend
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2.520 |
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Dividend Yield
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0.04 |
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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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