How much is a share of Allete worth?
One share of ALE stock can currently be purchased for approximately $62.94. How much money does ALLETE make? ALLETE has a market capitalization of $3.31 billion and generates $1.17 billion in revenue each year. The utilities provider earns $174.20 million in net income (profit) each year or $2.95 on an earnings per share basis.
Should you hold Allete stock?
The consensus among Wall Street equities research analysts is that investors should "hold" ALLETE stock. 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. View analyst ratings for ALLETE or view top-rated stocks.
When does Allete pay a dividend?
Investors of record on Monday, November 15th will be given a dividend of $0.63 per share on Wednesday, December 1st. This represents a $2.52 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Friday, November 12th. View ALLETE's dividend history. Is ALLETE a good dividend stock?
Is Allete a private or public company?
About ALLETE ALLETE is a publicly held company that operates in a complex, dynamic, competitive and regulated environment. ALLETE's board of directors, accountable to its shareholders, is responsible for the direction and control of the company.
Is allete a good stock to buy?
The 6 analysts offering 12-month price forecasts for ALLETE Inc have a median target of 65.00, with a high estimate of 83.00 and a low estimate of 60.00. The median estimate represents a +10.47% increase from the last price of 58.84.
Is Ale a good stock?
Price to Earnings Ratio vs Peers Price-To-Earnings vs Peers: ALE is good value based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (21.4x).
What is vgm score?
We also produce the VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual Style Scores into one score. This is perfectly suited for those who want their stocks to have the best scores across the board.
Should I buy or sell ALLETE stock right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ALLETE in the last twelve months. There are currently 2...
What is ALLETE's stock price forecast for 2022?
2 Wall Street research analysts have issued 12 month price targets for ALLETE's shares. Their forecasts range from $60.00 to $63.00. On average, th...
How has ALLETE's stock performed in 2022?
ALLETE's stock was trading at $66.35 at the start of the year. Since then, ALE shares have decreased by 8.0% and is now trading at $61.03. View th...
When is ALLETE's next earnings date?
ALLETE is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast for ALLETE .
How were ALLETE's earnings last quarter?
ALLETE, Inc. (NYSE:ALE) posted its quarterly earnings results on Thursday, May, 5th. The utilities provider reported $1.24 earnings per share (EPS)...
How often does ALLETE pay dividends? What is the dividend yield for ALLETE?
ALLETE declared a quarterly dividend on Friday, April 29th. Shareholders of record on Monday, May 16th will be given a dividend of $0.65 per share...
Is ALLETE a good dividend stock?
ALLETE(NYSE:ALE) pays an annual dividend of $2.60 per share and currently has a dividend yield of 4.25%. ALE has a dividend yield higher than 75% o...
What guidance has ALLETE issued on next quarter's earnings?
ALLETE updated its FY 2022 earnings guidance on Thursday, May, 19th. The company provided EPS guidance of $3.60-$3.90 for the period, compared to t...
Who are ALLETE's key executives?
ALLETE's management team includes the following people: Ms. Bethany M. Owen , Chair, CEO & Pres (Age 56, Pay $1.44M) Mr. Steven Wayne Morris ,...
What is the dividend payout ratio of Allete?
When is Allete earnings call?
ALLETE does not yet have a strong track record of dividend growth. The dividend payout ratio of ALLETE is 75.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALLETE will have a dividend payout ratio of 64.45% next year.
What is the hold rating on Allete?
ALLETE will be holding an earnings conference call on Wednesday, August 4th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-859-2056 with passcode "9589033".
Is Marketbeat better than Allete?
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.
New York Stock Exchange
What stocks does MarketBeat like better than ALLETE? Wall Street analysts have given ALLETE a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains.
Environmental, Social, and Governance Rating
The Company provides fundamental products and services which includes its two core businesses, Energy and Real Estate, as well as former operations in the water, paper, telecommunication and automotive industries.
Business Summary
"A" score indicates excellent relative ESG performance and a high degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
Where is Allete located?
The Company provides fundamental products and services which includes its two core businesses, Energy and Real Estate, as well as former operations in the water, paper, telecommunication and automotive industries.
Is Allete a reliable company?
ALLETE's headquarters building is at Lake Avenue and Superior Street in Duluth, Minnesota, the largest city in Minnesota Power's service area and the home of Lake Superior's largest port.
