NT Solar Celebrates New Impact Investment Fund & Series of Successful Transactions
PRNewswire (Thu, 25-Apr 8:53 AM ET)
ALLETE declares $0.705 dividend
Seeking Alpha News (Thu, 25-Apr 7:22 AM ET)
ALLETE Board of Directors declares dividend on common stock
Business Wire (Thu, 25-Apr 6:30 AM ET)
ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
Business Wire (Tue, 16-Apr 4:05 PM ET)
ALLETE to Announce First Quarter Financial Results May 9
Business Wire (Fri, 12-Apr 4:30 PM ET)
New Energy Equity announces Tim Ahrens as Senior Vice President of Development
PRNewswire (Tue, 27-Feb 9:30 AM ET)
Business Wire (Tue, 20-Feb 6:30 AM ET)
Business Wire (Thu, 15-Feb 6:30 AM ET)
ALLETE to announce 2023 financial results on February 20
Business Wire (Wed, 7-Feb 4:45 PM ET)
New Energy Equity names Jackie Chambers as chief investment officer
PRNewswire (Wed, 7-Feb 11:15 AM ET)
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.
Allete trades on the NYSE stock market under the symbol ALE.
As of April 25, 2024, ALE stock price declined to $59.57 with 167,601 million shares trading.
ALE has a beta of 0.32, meaning it tends to be less sensitive to market movements. ALE has a correlation of 0.05 to the broad based SPY ETF.
ALE has a market cap of $3.43 billion. This is considered a Mid Cap stock.
Last quarter Allete reported $403 million in Revenue and $.89 earnings per share. This fell short of revenue expectation by $-23 million and missed earnings estimates by -$.08.
In the last 3 years, ALE stock traded as high as $73.10 and as low as $47.77.
The top ETF exchange traded funds that ALE belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.
ALE has underperformed the market in the last year with a return of -2.3%, while the SPY ETF gained +23.6%. In the last 3 month period, ALE fell short of the market, returning +4.0%, while SPY returned +4.1%. However, in the most recent 2 weeks ALE has outperformed the stock market by returning +1.2%, while SPY returned -2.1%.
ALE support price is $59.17 and resistance is $60.75 (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 stock will trade within this expected range on the day.