Stock Events

Allete 

$63.48
124
-$0.2-0.31% Friday 20:00

Statistics

Day High
63.78
Day Low
63.39
52W High
64.41
52W Low
47.01
Volume
275,791
Avg. Volume
370,060
Mkt Cap
3.67B
P/E Ratio
16.53
Dividend Yield
4.44%
Dividend
2.82

Upcoming

Dividends

4.44%Dividend Yield
10Y Growth
3.7%
5Y Growth
3.71%
3Y Growth
3.82%
1Y Growth
4.06%

Earnings

6NovConfirmed
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Next
0.57
0.88
1.18
1.49
Expected EPS
1.02
Actual EPS
N/A

People Also Follow

This list is based on the watchlists of people on Stock Events who follow ALE. It's not an investment recommendation.

Competitors

This list is an analysis based on recent market events. It's not an investment recommendation.
Xcel Energy
XEL
Mkt Cap32.31B
Xcel Energy operates in the same regions as Allete, providing electricity and natural gas, making them direct competitors in the energy market.
DTE Energy
DTE
Mkt Cap24.81B
DTE Energy is a diversified energy company like Allete, involved in the development and management of energy-related businesses and services nationwide.
CMS Energy
CMS
Mkt Cap19.54B
CMS Energy, through its subsidiaries, operates in the same industry providing electricity and natural gas, competing in similar markets as Allete.
WEC Energy
WEC
Mkt Cap27.81B
WEC Energy Group has a similar business model, focusing on electricity and natural gas delivery, making it a competitor in the energy sector.
Alliant Energy
LNT
Mkt Cap14.38B
Alliant Energy Corporation operates in the Midwest, providing electric and natural gas services, competing with Allete in certain geographic areas.
Pinnacle West Capital
PNW
Mkt Cap9.77B
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services, competing in the energy market.
Ameren
AEE
Mkt Cap21.42B
Ameren Corporation, an energy company, competes with Allete in electricity generation, transmission, and distribution.
NiSource
NI
Mkt Cap14.06B
NiSource Inc. provides energy, including electric and natural gas, in the same regions as Allete, making them competitors.
PPL
PPL
Mkt Cap22.52B
PPL Corporation delivers electricity and natural gas, operating in similar markets as Allete, thus competing for the same customer base.
Eversource Energy
ES
Mkt Cap23.2B
Eversource Energy, through its subsidiaries, engages in the energy delivery business, competing with Allete in providing electric and natural gas services.

Analyst Ratings

63$Average Price Target
The highest estimate is $67.
From 2 ratings within the last 6 months. This is not an investment recommendation.
Buy
0%
Hold
100%
Sell
0%

About

Utilities
Electric Utilities
Nuclear Electric Power Generation
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.
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CEO
Bethany M. Owen
Employees
1567
Country
US
ISIN
US0185223007
WKN
000A0DJ2T

Listings