ALLETE's stock was trading at $69.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). ALLETE, Inc. engages in the provision of electric and natural gas utility services. The utilities provider earns $185.60 million in net income (profit) each year or $3.33 on an earnings per share basis. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. The business's revenue for the quarter was up 1.9% on a year-over-year basis. and Personal Securities Trading Policy in carrying out his responsibilities. Utility-Diversified Group. The all-time high Allete stock closing price was 108.10 on June 10, 2004.; The Allete 52-week high stock price is 84.71, which is 21.5% above the current share price. MarketBeat just released five new trading ideas, but ALLETE wasn't one of them. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALE, but not buy additional shares or sell existing shares. Historical daily share price chart and data for Allete since 1973 adjusted for splits. The P/E ratio of ALLETE is 20.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.57. statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, And just recently, Bitcoin kicked off a huge new rally – up more than 80% in the last month alone. Receive a free world-class investing education from MarketBeat. About ALLETE. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. MarketBeat's community ratings are surveys of what our community members think about ALLETE and other stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Do Not Sell My Information. 4 brokers have issued 12 month price targets for ALLETE's stock. here Based on aggregate information from My MarketBeat watchlists, some companies that other ALLETE investors own include AbbVie (ABBV), AT&T (T), Hawkins (HWKN), Verizon Communications (VZ), Ameren (AEE), United Parcel Service (UPS), BlackRock (BLK), Cisco Systems (CSCO), The Home Depot (HD) and International Business Machines (IBM). Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. (Add your “underperform” vote.). It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Dear Fellow Employee: Upholding excellent ethical standards is a cornerstone ALLETE value. Export data to Excel for your own analysis. Looking for new stock ideas? Get the latest Full Company Report for Allete, Inc. from Zacks Investment Research The consensus among Wall Street equities research analysts is that investors should "hold" ALLETE stock. ALLETE employs 1,339 workers across the globe. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. ALLETE updated its FY20 earnings guidance on Monday, November, 9th. Nobody expects what they're predicting now... ALLETE, Inc. operates as an energy company. ALLETE does not have a long track record of dividend growth. Get short term trading ideas from the MarketBeat Idea Engine. Their forecasts range from $55.00 to $64.00. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 660 megawatt of wind energy generation. Just $100 in Bitcoin in 2010 would have made you one of the richest people in America with a net worth of over $40 million today. Companies withratings are not formally covered by a Morningstar analyst, but are ALLETE has received a consensus rating of Hold. According to analysts' consensus price target of $59.25, ALLETE has a forecasted downside of 15.0% from its current price of $69.72. Learn everything you need to know about successful options trading with this three-part video course. In the past three months, ALLETE insiders have not sold or bought any company stock. View all of ALE's competitors. View analysts' price targets for ALLETE or view Wall Street analyst' top-rated stocks. ALLETE's board of directors, accountable to its shareholders, is responsible for the direction and control of the company. Coal fuel sources, specifically, account for most of this. ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE.". Terms of Service apply. This represents a $2.47 dividend on an annualized basis and a yield of 3.54%. Click here for more on how to use these ratings. ALLETE's other segment includes coal mining operations, emerging technologies related to electric utilities, and a real estate business (large land tracts in Florida). You may vote once every thirty days. Based on an average trading volume of 287,100 shares, the days-to-cover ratio is presently 3.5 days. The P/E ratio of ALLETE is 20.45, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 33.76. To see all exchange delays and terms of use please see disclaimer. This site is protected by reCAPTCHA and the Google ), ALLETE has received 395 “underperform” votes. Privacy Policy and Allete’s stock price closed Monday at $84.05, up 57 cents. Vote “Underperform” if you believe ALE will underperform the S&P 500 over the long term. Top institutional investors include State of Alaska Department of Revenue (0.02%), Redpoint Investment Management Pty Ltd (0.02%), HGK Asset Management Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%) and First Citizens Bank & Trust Co. (0.01%). Now people are pouring into cryptos like we haven’t seen in years... but don’t do anything until you see this new warning. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. ALLETE announced a quarterly dividend on Monday, November 2nd. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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