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ALE Stock Summary and Trading Ideas (Allete | NYSE:ALE)

Charts for Today's Stock Price and Implied Volatility in Allete

12-Dec-2024

Stock Price & Volume | Full Chart

30-Day Implied Volatility | IV30 Full Chart

Trade Ideas for Best Option Strategies for ALE by Theoretical Edge and Win Rates

Sentiment

Trading Statistics

Key Ratios

Allete (ALE) Frequently Asked Questions

What does Allete do?

ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.

What symbol and exchange does Allete shares trade?

Allete trades on the NYSE stock market under the symbol ALE.

What is Allete stock price doing today?

As of December 12, 2024, ALE stock price declined to $64.55 with 257,537 million shares trading.

What is Allete's Beta?

ALE has a beta of -0.13, meaning it tends to be less sensitive to market movements. ALE has a correlation of 0.01 to the broad based SPY ETF.

How much is Allete worth?

ALE has a market cap of $3.73 billion. This is considered a Mid Cap stock.

How much money does Allete make?

Last quarter Allete reported $407 million in Revenue and $.78 earnings per share. This beat revenue expectation by $16 million and missed earnings estimates by -$.15.

What is the highest and lowest price Allete traded in the last 3 year period?

In the last 3 years, ALE traded as high as $68.61 and as low as $47.77.

What are the top ETFs holding Allete?

The top ETF exchange traded funds that ALE belongs to (by Net Assets): IJH, VTI, IWM, VB, VBR.

Is Allete (ALE) a good investment?

ALE has underperformed the market in the last year with a price return of +10.1% while the SPY ETF gained +32.3%. ALE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.4% and -0.5%, respectively, while the SPY returned +9.3% and +0.9%, respectively.

What are the support and resistance levels for Allete (ALE)?

ALE support price is $64.50 and resistance is $65.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALE shares will trade within this expected range on the day.